5 Stocks Dragging The Utilities Sector Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 42 points (-0.3%) at 15,847 as of Thursday, Dec. 5, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 971 issues advancing vs. 1,916 declining with 131 unchanged.

The Utilities sector currently sits down 0.2% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include Korea Electric Power ( KEP), down 2.5%, ONEOK ( OKE), down 1.7%, Edison International ( EIX), down 1.4% and Dominion Resources ( D), down 0.9%. Top gainers within the sector include Centrais Eletricas Brasileiras ( EBR), up 5.0%, CPFL Energy ( CPL), up 2.5% and Huaneng Power International Inc. ADR repr C ( HNP), up 0.8%.

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

5. Public Service Enterprise Group ( PEG) is one of the companies pushing the Utilities sector lower today. As of noon trading, Public Service Enterprise Group is down $0.56 (-1.7%) to $32.12 on average volume. Thus far, 1.4 million shares of Public Service Enterprise Group exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $32.09-$32.71 after having opened the day at $32.71 as compared to the previous trading day's close of $32.68.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the northeastern and mid Atlantic United States. Public Service Enterprise Group has a market cap of $16.6 billion and is part of the utilities industry. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7. Shares are up 6.8% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Public Service Enterprise Group a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Public Service Enterprise Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, 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 has had somewhat disappointing return on equity. Get the full Public Service Enterprise Group Ratings Report now.

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