3 Stocks Pushing The Utilities Sector Downward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 15,467 as of Wednesday, July 17, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,986 issues advancing vs. 913 declining with 127 unchanged.

The Utilities sector currently sits down 0.1% versus the S&P 500, which is up 0.3%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. Calpine ( CPN) is one of the companies pushing the Utilities sector lower today. As of noon trading, Calpine is down $0.43 (-2.0%) to $21.34 on light volume. Thus far, 1.0 million shares of Calpine exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $21.34-$21.85 after having opened the day at $21.83 as compared to the previous trading day's close of $21.77.

Calpine Corporation, a wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines, as well as cogeneration power plants. Calpine has a market cap of $10.0 billion and is part of the utilities industry. Shares are up 20.1% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Calpine a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Calpine as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, premium valuation, poor profit margins, weak operating cash flow and deteriorating net income. Get the full Calpine 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, PG&E ( PCG) is down $1.11 (-2.4%) to $45.26 on heavy volume. Thus far, 2.5 million shares of PG&E exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $45.11-$45.89 after having opened the day at $45.62 as compared to the previous trading day's close of $46.37.

PG&E Corporation, through its subsidiaries, operates as a public utility company in northern and central California. PG&E has a market cap of $20.4 billion and is part of the utilities industry. Shares are up 15.4% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate PG&E a buy, no analysts rate it a sell, and 8 rate it a hold.

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, increase in net income, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full PG&E 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, American Electric Power ( AEP) is down $0.30 (-0.6%) to $46.93 on light volume. Thus far, 1.0 million shares of American Electric Power exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $46.78-$47.59 after having opened the day at $47.56 as compared to the previous trading day's close of $47.23.

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 $23.1 billion and is part of the utilities industry. Shares are up 10.7% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate American Electric Power a buy, no analysts rate it a sell, and 9 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 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 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.

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).

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