ENI, SRE, PCG And FE, Pushing Utilities Sector Downward

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 68 points (-0.5%) at 14,443 as of Monday, March 25, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,111 issues advancing vs. 1,777 declining with 156 unchanged.

The Utilities sector currently sits down 0.2% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Korea Electric Power ( KEP), down 1.8%, Entergy ( ETR), down 1.3% and National Electricity Company of Chile ( EOC), down 0.7%. A company within the sector that increased today was CPFL Energy ( CPL), up 1.2%.

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

4. Enersis ( ENI) is one of the companies pushing the Utilities sector lower today. As of noon trading, Enersis is down $0.43 (-2.2%) to $19.10 on heavy volume Thus far, 695,986 shares of Enersis exchanged hands as compared to its average daily volume of 633,700 shares. The stock has ranged in price between $19.10-$19.74 after having opened the day at $19.66 as compared to the previous trading day's close of $19.53.

Enersis S.A., an electric utility company, engages in the electricity generation, transmission, and distribution businesses in Chile, Argentina, Brazil, Colombia, and Peru. Enersis has a market cap of $12.4 billion and is part of the utilities industry. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are up 3.9% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Enersis a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Enersis as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Enersis Ratings Report now.

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