CPL, SBS And EQT, 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 90 points (0.6%) at 15,153 as of Tuesday, Sept. 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,842 issues advancing vs. 1,092 declining with 95 unchanged.

The Utilities sector currently sits up 0.1% versus the S&P 500, which is up 0.5%. A company within the sector that fell today was Centrais Eletricas Brasileiras ( EBR.B), up 1.5%.

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

3. CPFL Energy ( CPL) is one of the companies pushing the Utilities sector lower today. As of noon trading, CPFL Energy is down $0.12 (-0.7%) to $17.44 on heavy volume. Thus far, 374,276 shares of CPFL Energy exchanged hands as compared to its average daily volume of 413,600 shares. The stock has ranged in price between $17.34-$17.66 after having opened the day at $17.60 as compared to the previous trading day's close of $17.56.

CPFL Energia S.A., through its subsidiaries, distributes, generates, and commercializes electricity in Brazil. The company operates in five segments: Distribution, Conventional Generation Sources, Renewable Generation Sources, Commercialization, and Services. CPFL Energy has a market cap of $8.2 billion and is part of the utilities industry. Shares are down 16.2% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates CPFL Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates CPFL Energy as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full CPFL 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.

2. As of noon trading, Companhia De Saneamento Basico Do Estado De ( SBS) is down $0.11 (-1.1%) to $9.62 on average volume. Thus far, 1.4 million shares of Companhia De Saneamento Basico Do Estado De exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $9.59-$9.71 after having opened the day at $9.70 as compared to the previous trading day's close of $9.73.

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 $6.7 billion and is part of the utilities industry. Shares are down 30.1% year to date as of the close of trading on Monday. 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 and good 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 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.

1. As of noon trading, EQT ( EQT) is down $0.73 (-0.8%) to $85.38 on light volume. Thus far, 150,022 shares of EQT exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $85.08-$86.41 after having opened the day at $86.41 as compared to the previous trading day's close of $86.11.

Natural Gas Utility, (NYSE: EQT), natural gas production and gathering, natural gas distribution and transmission in the Appalachian area, and energy infrastructure and efficiency solutions primarily in the northeastern section of the United States and in selected international markets. EQT has a market cap of $12.8 billion and is part of the utilities industry. Shares are up 43.7% year to date as of the close of trading on Monday. Currently there are 9 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 robust 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.

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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