3 Stocks Underperforming Today In The Utilities Sector

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 3 points (0.0%) at 16,578 as of Thursday, May 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,778 issues advancing vs. 1,187 declining with 180 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is up 0.1%.

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

3. Energy Company of Minas Gerais ( CIG) is one of the companies pushing the Utilities sector lower today. As of noon trading, Energy Company of Minas Gerais is down $0.10 (-1.3%) to $7.44 on light volume. Thus far, 2.1 million shares of Energy Company of Minas Gerais exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $7.31-$7.55 after having opened the day at $7.50 as compared to the previous trading day's close of $7.54.

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 $8.2 billion and is part of the utilities industry. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are down 5.8% year-to-date as of the close of trading on Wednesday. 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.

2. As of noon trading, Public Service Enterprise Group ( PEG) is down $0.82 (-2.0%) to $40.15 on heavy volume. Thus far, 3.6 million shares of Public Service Enterprise Group exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $39.88-$41.35 after having opened the day at $41.00 as compared to the previous trading day's close of $40.97.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid Atlantic United States. Public Service Enterprise Group has a market cap of $20.5 billion and is part of the utilities industry. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are up 27.9% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Public Service Enterprise Group a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Public Service Enterprise Group as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Public Service Enterprise Group 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, Praxair ( PX) is down $0.81 (-0.6%) to $129.74 on light volume. Thus far, 378,694 shares of Praxair exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $129.56-$130.92 after having opened the day at $130.83 as compared to the previous trading day's close of $130.55.

Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, as well as surface coatings in North America, Europe, South America, and Asia. Praxair has a market cap of $37.6 billion and is part of the chemicals industry. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 0.4% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Praxair a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Praxair as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, notable return on equity and good cash flow from operations. 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 Praxair 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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