4 Stocks Pushing 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

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 4 points (0.0%) at 14,823 as of Tuesday, April 30, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,672 issues advancing vs. 1,218 declining with 158 unchanged.

The Utilities sector currently sits up 0.3% versus the S&P 500, which is unchanged. A company within the sector that fell today was EQT ( EQT), up 0.87. Top gainers within the sector include TransAlta Corporation ( TAC), up 3.1%, AmeriGas Partners ( APU), up 3.0%, AES ( AES), up 1.5% and National Electricity Company of Chile ( EOC), up 1.0%.

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

4. Korea Electric Power ( KEP) is one of the companies pushing the Utilities sector lower today. As of noon trading, Korea Electric Power is down $0.28 (-1.9%) to $14.28 on light volume Thus far, 151,506 shares of Korea Electric Power exchanged hands as compared to its average daily volume of 517,300 shares. The stock has ranged in price between $14.22-$14.33 after having opened the day at $14.32 as compared to the previous trading day's close of $14.56.

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in Korea. The company generates power from nuclear, coal, oil, liquefied natural gas, hydro, wind, and solar sources. Korea Electric Power has a market cap of $17.9 billion and is part of the utilities industry. The company has a P/E ratio of 24.9, above the S&P 500 P/E ratio of 17.7. Shares are up 1.5% year to date as of the close of trading on Monday.

TheStreet Ratings rates Korea Electric Power as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. Get the full Korea Electric Power Ratings Report now.

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3. As of noon trading, NiSource ( NI) is down $0.45 (-1.4%) to $30.70 on average volume Thus far, 1.2 million shares of NiSource exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $30.48-$30.97 after having opened the day at $30.85 as compared to the previous trading day's close of $31.15.

NiSource Inc., an energy holding company, through its subsidiaries, provides natural gas, electricity, and other products and services. It operates in three segments: Gas Distribution Operations, Gas Transmission and Storage Operations, and Electric Operations. NiSource has a market cap of $9.7 billion and is part of the utilities industry. The company has a P/E ratio of 22.8, above the S&P 500 P/E ratio of 17.7. Shares are up 23.8% year to date as of the close of trading on Monday.

TheStreet Ratings rates NiSource as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and notable return on equity. 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 NiSource Ratings Report now.

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2. As of noon trading, ONEOK ( OKE) is down $0.39 (-0.8%) to $50.80 on light volume Thus far, 458,802 shares of ONEOK exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $50.71-$51.25 after having opened the day at $51.21 as compared to the previous trading day's close of $51.19.

ONEOK, Inc. operates as a diversified energy company in the United States. The company operates in three segments: ONEOK Partners, Natural Gas Distribution, and Energy Services. ONEOK has a market cap of $10.6 billion and is part of the utilities industry. The company has a P/E ratio of 31.4, above the S&P 500 P/E ratio of 17.7. Shares are up 18.9% year to date as of the close of trading on Monday.

TheStreet Ratings rates ONEOK as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full ONEOK Ratings Report now.

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1. As of noon trading, Exelon ( EXC) is down $0.32 (-0.9%) to $37.46 on average volume Thus far, 4.0 million shares of Exelon exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $37.37-$37.80 after having opened the day at $37.64 as compared to the previous trading day's close of $37.78.

Exelon Corporation, a utility services holding company, engages in the energy generation and distribution business in the United States. Exelon has a market cap of $31.8 billion and is part of the utilities industry. The company has a P/E ratio of 26.2, above the S&P 500 P/E ratio of 17.7. Shares are up 25.5% year to date as of the close of trading on Monday.

TheStreet Ratings rates Exelon as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Exelon Ratings Report now.

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If you are interested in one of these 4 stocks, ETFs may be of interest. Investors who are bullish on the utilities sector could consider Utilities Select Sector SPDR ( XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities ( SDP).

A reminder about TheStreet Ratings group: 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.
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