5 Stocks Dragging In The Utilities Sector

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 63 points (0.4%) at 14,888 as of Thursday, Aug. 29, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,979 issues advancing vs. 942 declining with 102 unchanged.

The Utilities sector currently sits down 0.2% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the sector include American Water Works ( AWK), down 1.4%, PG&E ( PCG), down 1.1%, EQT ( EQT), down 0.7%, Public Service Enterprise Group ( PEG), down 1.1% and Edison International ( EIX), down 1.0%.

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

5. NextEra Energy ( NEE) is one of the companies pushing the Utilities sector lower today. As of noon trading, NextEra Energy is down $0.58 (-0.7%) to $80.50 on light volume. Thus far, 537,867 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 $80.42-$81.11 after having opened the day at $81.04 as compared to the previous trading day's close of $81.08.

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 $34.2 billion and is part of the utilities industry. Shares are up 17.2% year to date as of the close of trading on Wednesday. Currently there are 11 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 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 generally high debt management risk by most measures that we evaluated. Get the full NextEra Energy Ratings Report now.

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