3 Stocks Pulling The 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 49 points (0.3%) at 16,147 as of Friday, Nov. 29, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,869 issues advancing vs. 987 declining with 109 unchanged.

The Utilities sector currently sits up 0.3% versus the S&P 500, which is up 0.3%. A company within the sector that fell today was Centrais Eletricas Brasileiras ( EBR.B), up 1.1%. A company within the sector that increased today was Empresa Nacional de Electricidad ( EOC), up 1.1%.

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

3. Korea Electric Power ( KEP) is one of the companies pushing the Utilities sector lower today. As of noon trading, Korea Electric Power is down $0.44 (-2.8%) to $15.24 on light volume. Thus far, 102,348 shares of Korea Electric Power exchanged hands as compared to its average daily volume of 341,900 shares. The stock has ranged in price between $15.13-$15.30 after having opened the day at $15.20 as compared to the previous trading day's close of $15.68.

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in Korea. Korea Electric Power has a market cap of $19.5 billion and is part of the utilities industry. The company has a P/E ratio of 28.0, above the S&P 500 P/E ratio of 17.7. Shares are up 12.2% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Korea Electric Power a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Korea Electric Power as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and growth in earnings per share. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full Korea Electric Power 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, Energy Company of Minas Gerais ( CIG) is down $0.07 (-0.8%) to $8.33 on light volume. Thus far, 617,947 shares of Energy Company of Minas Gerais exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $8.31-$8.45 after having opened the day at $8.33 as compared to the previous trading day's close of $8.40.

Companhia Energetica de Minas Gerais S.A., through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. Energy Company of Minas Gerais has a market cap of $8.1 billion and is part of the utilities industry. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are down 12.7% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Energy Company of Minas Gerais a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Energy Company of Minas Gerais as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Energy Company of Minas Gerais 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, ONEOK ( OKE) is down $0.58 (-1.0%) to $58.00 on light volume. Thus far, 269,496 shares of ONEOK exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $57.95-$58.98 after having opened the day at $58.79 as compared to the previous trading day's close of $58.58.

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 $12.1 billion and is part of the utilities industry. The company has a P/E ratio of 42.8, above the S&P 500 P/E ratio of 17.7. Shares are up 37.0% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate ONEOK a buy, no analysts rate it a sell, and 2 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, 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 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.

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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