OKE, SRE, EQT, NEE And D, Pushing 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 82 points (-0.5%) at 15,473 as of Friday, July 26, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,028 issues advancing vs. 1,878 declining with 105 unchanged.

The Utilities sector currently sits down 0.5% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include Energy Company of Parana ( ELP), down 2.8%, CPFL Energy ( CPL), down 1.6%, Empresa Nacional de ElectricidadSA ( EOC), down 1.5%, NiSource ( NI), down 1.1% and CenterPoint Energy ( CNP), down 1.1%.

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

5. ONEOK ( OKE) is one of the companies pushing the Utilities sector lower today. As of noon trading, ONEOK is down $1.25 (-2.3%) to $52.52 on heavy volume. Thus far, 3.2 million shares of ONEOK exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $51.54-$53.26 after having opened the day at $53.20 as compared to the previous trading day's close of $53.77.

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 $8.8 billion and is part of the utilities industry. Shares are up 25.8% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate ONEOK a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates ONEOK as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full ONEOK 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, Sempra Energy ( SRE) is down $0.64 (-0.7%) to $86.47 on light volume. Thus far, 354,460 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 $86.24-$87.23 after having opened the day at $86.79 as compared to the previous trading day's close of $87.11.

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 22.8% year to date as of the close of trading on Thursday. 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.

3. As of noon trading, EQT ( EQT) is down $1.02 (-1.2%) to $84.50 on average volume. Thus far, 680,617 shares of EQT exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $84.22-$86.43 after having opened the day at $84.86 as compared to the previous trading day's close of $85.52.

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 $12.3 billion and is part of the utilities industry. Shares are up 45.0% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate EQT a buy, no analysts rate it a sell, and 5 rate it a hold.

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, good cash flow from operations, increase in net income 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 EQT 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, NextEra Energy ( NEE) is down $0.65 (-0.8%) to $83.43 on light volume. Thus far, 664,127 shares of NextEra Energy exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $82.96-$83.90 after having opened the day at $83.64 as compared to the previous trading day's close of $84.08.

NextEra Energy, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. The company is involved in the generation of renewable energy from wind and solar projects. NextEra Energy has a market cap of $35.6 billion and is part of the utilities industry. Shares are up 21.5% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate NextEra Energy a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates NextEra Energy as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, 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 NextEra 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, Dominion Resources ( D) is down $0.33 (-0.6%) to $59.03 on light volume. Thus far, 874,893 shares of Dominion Resources exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $58.65-$59.36 after having opened the day at $59.08 as compared to the previous trading day's close of $59.36.

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 $34.0 billion and is part of the utilities industry. Shares are up 14.6% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Dominion Resources a buy, no analysts rate it a sell, and 9 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 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).

null

More from Markets

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Component Stocks Rise After Trump Reverses Decision on ZTE

Component Stocks Rise After Trump Reverses Decision on ZTE