CPL, KEP, ETR And AES, 4 Utilities Stocks Pushing The Sector Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 45 points (-0.3%) at 14,466 as of Thursday, March 21, 2013, 12:44 PM ET. The NYSE advances/declines ratio sits at 1,235 issues advancing vs. 1,661 declining with 139 unchanged.

The Utilities sector currently sits down 0.2% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR), down 3.1%, and Centrais Eletricas Brasileiras ( EBR.B), down 2.6%. A company within the sector that increased today was National Electricity Company of Chile ( EOC), up 1.5%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:

4. CPFL Energy ( CPL) is one of the companies pushing the Utilities sector lower today. As of noon trading, CPFL Energy is down $0.23 (-1.1%) to $20.27 on average volume Thus far, 175,852 shares of CPFL Energy exchanged hands as compared to its average daily volume of 440,100 shares. The stock has ranged in price between $20.18-$20.46 after having opened the day at $20.45 as compared to the previous trading day's close of $20.50.

CPFL Energia S.A., through its subsidiaries, engages in the generation, distribution, and sale of electric energy in Brazil. It generates electricity through hydroelectric, thermoelectric, sugarcane biomass, and wind power plants. CPFL Energy has a market cap of $10.1 billion and is part of the utilities industry. The company has a P/E ratio of 16.5, below the S&P 500 P/E ratio of 17.7. Shares are up 0.6% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate CPFL Energy a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates CPFL Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and weak operating cash flow. Get the full CPFL Energy Ratings Report now.

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