CPN, NRG 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 42 points (-0.3%) at 15,487 as of Wednesday, Sept. 18, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 930 issues advancing vs. 1,976 declining with 128 unchanged.

The Utilities sector currently sits down 0.2% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Huaneng Power International ( HNP), down 1.6%, and Centrais Eletricas Brasileiras ( EBR.B), down 1.1%. A company within the sector that increased today was Praxair ( PX), up 0.7%.

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 $0.29 (-1.5%) to $19.31 on light volume. Thus far, 696,104 shares of Calpine exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $19.19-$19.54 after having opened the day at $19.52 as compared to the previous trading day's close of $19.60.

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 $8.5 billion and is part of the utilities industry. Shares are up 6.6% 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 4 rate it a hold.

TheStreet Ratings rates Calpine as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins. 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, NRG Energy ( NRG) is down $0.63 (-2.3%) to $27.29 on heavy volume. Thus far, 3.0 million shares of NRG Energy exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $27.15-$27.61 after having opened the day at $27.53 as compared to the previous trading day's close of $27.92.

NRG Energy, Inc., together with its subsidiaries, operates as an integrated wholesale power generation and retail electricity company. The company engages in the ownership, development, construction, expansion, modification, refurbishment, and operation of power generation facilities. NRG Energy has a market cap of $8.9 billion and is part of the utilities industry. Shares are up 19.9% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate NRG Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NRG Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full NRG 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 $0.43 (-0.7%) to $61.32 on average volume. Thus far, 1.1 million shares of Dominion Resources exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $61.29-$61.95 after having opened the day at $61.85 as compared to the previous trading day's close of $61.75.

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 $35.4 billion and is part of the utilities industry. Shares are up 18.0% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Dominion Resources a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Dominion Resources as a buy. Among the primary strengths of the company is its solid stock performance, considering both the consistency and magnitude of the price movement over time. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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 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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