3 Stocks Underperforming Today In The Utilities Sector

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 110 points (-0.7%) at 16,401 as of Tuesday, May 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 820 issues advancing vs. 2,151 declining with 156 unchanged.

The Utilities sector currently sits down 0.7% versus the S&P 500, which is down 0.6%. On the negative front, top decliners within the sector include Huaneng Power International ( HNP), down 3.8%, Empresa Nacional de Electricidad ( EOC), down 2.1% and Korea Electric Power ( KEP), down 0.6%. A company within the sector that increased today was Energy Company of Minas Gerais ( CIG), up 2.2%.

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

3. Praxair ( PX) is one of the companies pushing the Utilities sector lower today. As of noon trading, Praxair is down $1.33 (-1.0%) to $130.21 on light volume. Thus far, 252,003 shares of Praxair exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $130.16-$131.69 after having opened the day at $131.48 as compared to the previous trading day's close of $131.54.

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 $38.4 billion and is part of the chemicals industry. Shares are up 1.2% year-to-date as of the close of trading on Monday. 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 solid stock price performance, growth in earnings per share, increase in net income, revenue growth and notable return on equity. 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.

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