CPN, SRE And ED, 3 Utilities Stocks Pushing The Sector Lower

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 15,558 as of Monday, July 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,691 issues advancing vs. 1,251 declining with 101 unchanged.

The Utilities sector currently sits up 0.6% versus the S&P 500, which is up 0.2%.

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 $0.19 (-0.9%) to $20.46 on average volume. Thus far, 1.4 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 $20.41-$20.76 after having opened the day at $20.60 as compared to the previous trading day's close of $20.65.

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 $9.6 billion and is part of the utilities industry. Shares are up 13.9% year to date as of the close of trading on Friday. 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 deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk. 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, Sempra Energy ( SRE) is down $0.48 (-0.6%) to $86.37 on light volume. Thus far, 366,167 shares of Sempra Energy exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $86.32-$87.17 after having opened the day at $86.78 as compared to the previous trading day's close of $86.85.

Sempra Energy, through its subsidiaries, operates as an energy services company. The company's San Diego Gas & Electric Company segment is involved in the generation, transmission, and distribution electricity; and sale, distribution, and transportation of natural gas in California. Sempra Energy has a market cap of $20.9 billion and is part of the utilities industry. Shares are up 22.4% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Sempra Energy a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Sempra Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 Sempra Energy 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, Consolidated Edison ( ED) is down $0.40 (-0.7%) to $60.08 on light volume. Thus far, 696,492 shares of Consolidated Edison exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $60.06-$60.44 after having opened the day at $60.18 as compared to the previous trading day's close of $60.48.

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses. Consolidated Edison has a market cap of $17.6 billion and is part of the utilities industry. Shares are up 8.9% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Consolidated Edison a buy, 3 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.

If you are interested in one of these 5 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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