SRE, ED And EXC, 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 56 points (-0.3%) at 15,939 as of Wednesday, Feb. 12, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,598 issues advancing vs. 1,323 declining with 154 unchanged.

The Utilities sector currently sits up 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Companhia De Saneamento Basico Do Estado De ( SBS), down 4.6%, and CPFL Energy ( CPL), down 2.1%. Top gainers within the sector include Energy Company of Minas Gerais ( CIG), up 1.6%, EQT ( EQT), up 0.8% and NextEra Energy ( NEE), up 0.5%.

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

3. Sempra Energy ( SRE) is one of the companies pushing the Utilities sector lower today. As of noon trading, Sempra Energy is down $0.78 (-0.8%) to $92.72 on heavy volume. Thus far, 1.0 million shares of Sempra Energy exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $92.11-$93.45 after having opened the day at $92.91 as compared to the previous trading day's close of $93.50.

Sempra Energy, through its subsidiaries, operates as an energy services company. The company's San Diego Gas & Electric Company segment is involved in the generation, transmission, and distribution electricity; and sale, distribution, and transportation of natural gas in California. Sempra Energy has a market cap of $22.7 billion and is part of the utilities industry. Shares are up 4.2% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Sempra Energy a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Sempra Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and increase in net income. 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 Sempra Energy Ratings Report now.

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