3 Stocks Underperforming Today In The Utilities Sector

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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.

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