5 Stocks Pulling The 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 52 points (-0.4%) at 14,567 as of Thursday, April 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,288 issues advancing vs. 1,600 declining with 135 unchanged.

The Utilities sector currently sits up 0.1% versus the S&P 500, which is down 0.48. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR), down 4.01, and Centrais Eletricas Brasileiras ( EBR.B), down 3.20. Top gainers within the sector include ONEOK ( OKE), up 1.2%, TransCanada ( TRP), up 0.7% and Korea Electric Power ( KEP), up 0.6%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. ITC Holdings ( ITC) is one of the companies pushing the Utilities sector lower today. As of noon trading, ITC Holdings is down $1.13 (-1.2%) to $88.94 on heavy volume Thus far, 257,703 shares of ITC Holdings exchanged hands as compared to its average daily volume of 234,200 shares. The stock has ranged in price between $88.71-$90.56 after having opened the day at $90.00 as compared to the previous trading day's close of $90.07.

ITC Holdings Corp., together with its subsidiaries, engages in the transmission of electricity in the United States. ITC Holdings has a market cap of $4.8 billion and is part of the utilities industry. The company has a P/E ratio of 25.6, above the S&P 500 P/E ratio of 17.7. Shares are up 17.1% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates ITC Holdings 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, revenue growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full ITC Holdings Ratings Report now.

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