3 Stocks Pushing 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 29 points (-0.2%) at 16,367 as of Wednesday, March 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,229 issues advancing vs. 1,681 declining with 174 unchanged.

The Utilities sector currently sits down 0.4% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR.B), down 2.5%, Empresa Nacional de Electricidad ( EOC), down 1.9%, Huaneng Power International Inc. ADR repr C ( HNP), down 1.6%, Korea Electric Power ( KEP), down 1.2% and Northeast Utilities ( NU), down 0.8%.

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

3. PG&E ( PCG) is one of the companies pushing the Utilities sector lower today. As of noon trading, PG&E is down $0.54 (-1.2%) to $43.38 on light volume. Thus far, 958,005 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 $43.32-$43.88 after having opened the day at $43.84 as compared to the previous trading day's close of $43.91.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to customers primarily in northern and central California. It serves approximately 15 million customers. PG&E has a market cap of $20.0 billion and is part of the utilities industry. Shares are up 8.3% year-to-date as of the close of trading on Tuesday. Currently there are 6 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 generally higher debt management risk, poor profit margins and weak operating cash flow. Get the full PG&E Ratings Report now.

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