5 Stocks Dragging In The Utilities Sector

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 115 points (0.8%) at 14,816 as of Thursday, May 2, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,190 issues advancing vs. 733 declining with 109 unchanged.

The Utilities sector currently sits up 0.3% versus the S&P 500, which is up 0.8%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR.B), down 3.80, Exelon ( EXC), down 1.96, Calpine ( CPN), down 2.01, ONEOK ( OKE), down 1.98 and CenterPoint Energy ( CNP), down 0.99.

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

5. Public Service Enterprise Group ( PEG) is one of the companies pushing the Utilities sector lower today. As of noon trading, Public Service Enterprise Group is down $0.20 (-0.6%) to $36.39 on average volume Thus far, 1.2 million shares of Public Service Enterprise Group exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $36.30-$36.70 after having opened the day at $36.67 as compared to the previous trading day's close of $36.59.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the northeastern and mid Atlantic United States. Public Service Enterprise Group has a market cap of $18.5 billion and is part of the utilities industry. The company has a P/E ratio of 14.6, below the S&P 500 P/E ratio of 17.7. Shares are up 19.6% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Public Service Enterprise Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Public Service Enterprise Group Ratings Report now.

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4. As of noon trading, EQT ( EQT) is down $1.67 (-2.2%) to $74.16 on average volume Thus far, 911,588 shares of EQT exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $73.92-$76.40 after having opened the day at $76.00 as compared to the previous trading day's close of $75.83.

EQT Corporation, together with its subsidiaries, operates as an integrated energy company in the United States. It operates in three segments: EQT Production, EQT Midstream, and Distribution. EQT has a market cap of $11.3 billion and is part of the utilities industry. The company has a P/E ratio of 53.7, above the S&P 500 P/E ratio of 17.7. Shares are up 28.6% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates EQT as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in net income, solid stock price performance and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full EQT Ratings Report now.

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3. As of noon trading, PPL ( PPL) is down $0.34 (-1.0%) to $32.92 on average volume Thus far, 2.5 million shares of PPL exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $32.77-$33.39 after having opened the day at $33.27 as compared to the previous trading day's close of $33.26.

PPL Corporation, an energy and utility holding company, engages in the generation, transmission, distribution, and sale of electricity to wholesale and retail customers in the United States and the United Kingdom. The company operates in four segments: Kentucky Regulated, U.K. PPL has a market cap of $19.5 billion and is part of the utilities industry. The company has a P/E ratio of 12.8, below the S&P 500 P/E ratio of 17.7. Shares are up 16.2% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates PPL as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full PPL Ratings Report now.

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2. As of noon trading, PG&E ( PCG) is down $0.24 (-0.5%) to $47.42 on average volume Thus far, 1.6 million shares of PG&E exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $46.71-$47.86 after having opened the day at $47.65 as compared to the previous trading day's close of $47.66.

PG&E Corporation, through its subsidiaries, operates as a public utility company in northern and central California. PG&E has a market cap of $21.3 billion and is part of the utilities industry. The company has a P/E ratio of 25.2, above the S&P 500 P/E ratio of 17.7. Shares are up 18.6% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates PG&E as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full PG&E Ratings Report now.

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1. As of noon trading, Duke Energy Corporation ( DUK) is down $0.39 (-0.5%) to $74.50 on average volume Thus far, 1.2 million shares of Duke Energy Corporation exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $74.22-$75.13 after having opened the day at $74.87 as compared to the previous trading day's close of $74.89.

Duke Energy Corporation operates as an energy company in the United States and Latin America. The company operates in three segments: U.S. Franchised Electric and Gas, Commercial Power, and International Energy. The U.S. Duke Energy Corporation has a market cap of $53.1 billion and is part of the utilities industry. The company has a P/E ratio of 24.5, above the S&P 500 P/E ratio of 17.7. Shares are up 17.4% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Duke Energy Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Duke Energy Corporation Ratings Report now.

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If you are interested in one of these 3 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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