3 Stocks Pushing The Utilities Sector Downward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 16,647 as of Wednesday, May 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,518 issues advancing vs. 1,472 declining with 153 unchanged.

The Utilities sector currently sits up 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Huaneng Power International ( HNP), down 1.1%, and TransCanada ( TRP), down 0.7%. Top gainers within the sector include Korea Electric Power ( KEP), up 1.9%, FirstEnergy ( FE), up 1.0%, NextEra Energy ( NEE), up 0.9% and PPL ( PPL), up 0.8%.

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

3. Centrais Eletricas Brasileiras ( EBR) is one of the companies pushing the Utilities sector lower today. As of noon trading, Centrais Eletricas Brasileiras is down $0.07 (-2.3%) to $2.97 on light volume. Thus far, 265,964 shares of Centrais Eletricas Brasileiras exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $2.93-$3.00 after having opened the day at $2.98 as compared to the previous trading day's close of $3.04.

Centrais Eletricas Brasileiras S.A. - Eletrobras, together with its subsidiaries, generates, transmits, and distributes electricity in Brazil. It projects, builds, and operates generating power plants, and electric power transmission and distribution lines. Centrais Eletricas Brasileiras has a market cap of $4.2 billion and is part of the utilities industry. Shares are up 20.9% year-to-date as of the close of trading on Tuesday. Currently there are no analysts that rate Centrais Eletricas Brasileiras a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Centrais Eletricas Brasileiras as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow. Get the full Centrais Eletricas Brasileiras Ratings Report now.

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