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

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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.

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