4 Stocks Pushing The Utilities Sector Downward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 22 points (-0.1%) at 16,065 as of Monday, Dec. 2, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,883 declining with 116 unchanged.

The Utilities sector currently sits down 0.3% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR.B), down 1.8%, Energy Company of Minas Gerais ( CIG), down 1.1%, Huaneng Power International Inc. ADR repr C ( HNP), down 0.7% and PPL ( PPL), down 0.5%. A company within the sector that increased today was UGI Corporation ( UGI), up 1.5%.

TheStreet would like to highlight 4 stocks pushing the sector lower today:

4. CPFL Energy ( CPL) is one of the companies pushing the Utilities sector lower today. As of noon trading, CPFL Energy is down $0.32 (-1.9%) to $16.25 on average volume. Thus far, 248,751 shares of CPFL Energy exchanged hands as compared to its average daily volume of 332,600 shares. The stock has ranged in price between $16.16-$16.38 after having opened the day at $16.37 as compared to the previous trading day's close of $16.57.

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 $8.0 billion and is part of the utilities industry. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are down 20.9% year to date as of the close of trading on Friday. 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. Among the primary strengths of the company is its growth in net income. At the same time, however, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full CPFL Energy Ratings Report now.

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