3 Stocks Pulling The Utilities Sector Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 86 points (-0.5%) at 16,084 as of Friday, April 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,014 issues advancing vs. 1,941 declining with 158 unchanged.

The Utilities sector currently sits down 0.2% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Huaneng Power International ( HNP), down 1.3%, and PPL ( PPL), down 1.0%. A company within the sector that increased today was Korea Electric Power ( KEP), up 2.2%.

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 $0.42 (-4.4%) to $9.03 on heavy volume. Thus far, 2.8 million shares of Companhia De Saneamento Basico Do Estado De exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $8.83-$9.17 after having opened the day at $9.06 as compared to the previous trading day's close of $9.45.

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 $6.4 billion and is part of the utilities industry. Shares are down 16.7% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts that rate Companhia De Saneamento Basico Do Estado De a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Companhia De Saneamento Basico Do Estado De as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Companhia De Saneamento Basico Do Estado De Ratings Report now.

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