SBS, OKE And PX, 3 Utilities Stocks Pushing The Sector Lower

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 205 points (-1.3%) at 15,494 as of Monday, Feb. 3, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 659 issues advancing vs. 2,313 declining with 134 unchanged.

The Utilities sector currently sits down 0.6% versus the S&P 500, which is down 1.3%.

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

3. Companhia De Saneamento Basico Do Estado De ( SBS) is one of the companies pushing the Utilities sector lower today. As of noon trading, Companhia De Saneamento Basico Do Estado De is down $0.33 (-3.6%) to $8.80 on average volume. Thus far, 795,002 shares of Companhia De Saneamento Basico Do Estado De exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $8.77-$8.90 after having opened the day at $8.78 as compared to the previous trading day's close of $9.13.

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 $6.2 billion and is part of the utilities industry. The company has a P/E ratio of 6.7, below the S&P 500 P/E ratio of 17.7. Shares are down 19.5% year-to-date as of the close of trading on Friday. 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 good cash flow from operations and impressive record of earnings per share growth. 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.

2. As of noon trading, ONEOK ( OKE) is down $9.38 (-13.7%) to $59.12 on heavy volume. Thus far, 1.1 million shares of ONEOK exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $58.62-$60.74 after having opened the day at $60.62 as compared to the previous trading day's close of $68.49.

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 $13.8 billion and is part of the utilities industry. The company has a P/E ratio of 49.0, above the S&P 500 P/E ratio of 17.7. Shares are up 8.0% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate ONEOK a buy, no analysts rate it a sell, and 4 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 solid stock price performance. 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.

1. As of noon trading, Praxair ( PX) is down $1.51 (-1.2%) to $123.21 on heavy volume. Thus far, 854,544 shares of Praxair exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $123.02-$125.78 after having opened the day at $124.82 as compared to the previous trading day's close of $124.72.

Praxair, Inc. engages in the production, distribution, and sale atmospheric and process gases, as well as surface coatings in North America, Europe, South America, and Asia. Praxair has a market cap of $36.9 billion and is part of the chemicals industry. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7. Shares are down 4.1% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate Praxair a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Praxair as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, expanding profit margins, 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 generally high debt management risk by most measures that we evaluated. Get the full Praxair 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 3 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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