3 Stocks Dragging The Utilities Sector Downward

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 16,140 as of Tuesday, Feb. 18, 2014, 12:00 PM ET. The NYSE advances/declines ratio sits at 2,063 issues advancing vs. 873 declining with 164 unchanged.

The Utilities sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR), down 7.4%, CPFL Energy ( CPL), down 6.5%, Centrais Eletricas Brasileiras ( EBR.B), down 5.6%, Energy Company of Parana ( ELP), down 4.7% and Empresa Nacional de Electricidad ( EOC), down 2.0%.

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 $0.44 (-4.7%) to $9.12 on average volume. Thus far, 1.4 million shares of Companhia De Saneamento Basico Do Estado De exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $8.98-$9.22 after having opened the day at $9.13 as compared to the previous trading day's close of $9.57.

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 $6.5 billion and is part of the utilities industry. Shares are down 15.6% 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, Energy Company of Minas Gerais ( CIG) is down $0.18 (-3.2%) to $5.49 on average volume. Thus far, 3.2 million shares of Energy Company of Minas Gerais exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $5.39-$5.51 after having opened the day at $5.45 as compared to the previous trading day's close of $5.67.

Companhia Energetica de Minas Gerais S.A., through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. Energy Company of Minas Gerais has a market cap of $6.3 billion and is part of the utilities industry. Shares are down 4.9% year-to-date as of the close of trading on Friday. Currently there are no analysts that rate Energy Company of Minas Gerais a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Energy Company of Minas Gerais as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Energy Company of Minas Gerais 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, PG&E ( PCG) is down $0.36 (-0.8%) to $43.58 on light volume. Thus far, 847,657 shares of PG&E exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $43.49-$43.97 after having opened the day at $43.96 as compared to the previous trading day's close of $43.94.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company (Utility), transmits, delivers, and sells electricity and natural gas to customers primarily in northern and central California. The Utility provides services to approximately 15 million people. PG&E has a market cap of $20.1 billion and is part of the utilities industry. Shares are up 9.1% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate PG&E a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates PG&E as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including poor profit margins and relatively poor performance when compared with the S&P 500 during the past year. Get the full PG&E 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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