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 87 points (-0.6%) at 14,874 as of Thursday, June 6, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,317 issues advancing vs. 1,603 declining with 125 unchanged.

The Utilities sector currently sits down 0.21 versus the S&P 500, which is down 0.38. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR.B), down 4.55, Energy Company of Parana ( ELP), down 2.46 and CPFL Energy ( CPL), down 0.71.

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

5. Companhia De Saneamento Basico Do Estado De ( SBS) is one of the companies pushing the Utilities sector lower today. As of noon trading, Companhia De Saneamento Basico Do Estado De is down $0.15 (-1.2%) to $11.90 on heavy volume Thus far, 3.1 million shares of Companhia De Saneamento Basico Do Estado De exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $11.71-$12.20 after having opened the day at $12.12 as compared to the previous trading day's close of $12.05.

Companhia de Saneamento Basico do Estado de S o Paulo-SABESP provides basic and environmental sanitation services; and supplies treated water on a wholesale basis to residential, commercial, industrial, and municipal customers in the State of S o Paulo. Companhia De Saneamento Basico Do Estado De has a market cap of $8.5 billion and is part of the utilities industry. The company has a P/E ratio of 9.1, below the S&P 500 P/E ratio of 17.7. Shares are down 13.5% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Companhia De Saneamento Basico Do Estado De a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Companhia De Saneamento Basico Do Estado De as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, notable return on equity, attractive 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 Companhia De Saneamento Basico Do Estado De Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Consolidated Edison ( ED) is down $0.41 (-0.7%) to $56.58 on average volume Thus far, 1.2 million shares of Consolidated Edison exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $56.56-$57.73 after having opened the day at $56.98 as compared to the previous trading day's close of $56.99.

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses. Consolidated Edison has a market cap of $16.5 billion and is part of the utilities industry. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are up 2.6% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Consolidated Edison a buy, 2 analysts rate it a sell, and 8 rate it a hold.

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

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, FirstEnergy ( FE) is down $0.31 (-0.8%) to $38.37 on light volume Thus far, 1.2 million shares of FirstEnergy exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $38.31-$38.90 after having opened the day at $38.78 as compared to the previous trading day's close of $38.68.

FirstEnergy Corp., a diversified energy holding company, engages in the generation, transmission, and distribution of electricity in the United States. The company operates in Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. FirstEnergy has a market cap of $16.3 billion and is part of the utilities industry. The company has a P/E ratio of 24.7, above the S&P 500 P/E ratio of 17.7. Shares are down 7.4% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate FirstEnergy a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates FirstEnergy as a buy. Among the primary strengths of the company is its generally strong cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full FirstEnergy Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, American Electric Power ( AEP) is down $0.36 (-0.8%) to $45.25 on average volume Thus far, 1.6 million shares of American Electric Power exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $45.22-$45.84 after having opened the day at $45.64 as compared to the previous trading day's close of $45.61.

American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electric power to retail customers. The company generates electricity using coal and lignite, natural gas, nuclear energy, and hydroelectric energy. American Electric Power has a market cap of $22.4 billion and is part of the utilities industry. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7. Shares are up 6.9% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate American Electric Power a buy, no analysts rate it a sell, and 10 rate it a hold.

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

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Dominion Resources ( D) is down $0.30 (-0.6%) to $54.26 on average volume Thus far, 1.2 million shares of Dominion Resources exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $54.18-$54.70 after having opened the day at $54.37 as compared to the previous trading day's close of $54.56.

Dominion Resources, Inc., together with its subsidiaries, engages in producing and transporting energy in the United States. The company operates through three segments: Dominion Virginia Power (DVP), Dominion Generation, and Dominion Energy. Dominion Resources has a market cap of $32.2 billion and is part of the utilities industry. The company has a P/E ratio of 101.2, above the S&P 500 P/E ratio of 17.7. Shares are up 5.3% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Dominion Resources a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Dominion Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and increase in stock price during the past year. 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 Dominion Resources Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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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