3 Stocks Pushing The Utilities Sector Downward

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.

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.

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, Energy Company of Minas Gerais ( CIG) is down $0.12 (-1.6%) to $7.14 on light volume. Thus far, 2.0 million shares of Energy Company of Minas Gerais exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $7.12-$7.28 after having opened the day at $7.25 as compared to the previous trading day's close of $7.26.

Companhia Energetica de Minas Gerais - CEMIG, through its subsidiaries, is engaged 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 $6.5 billion and is part of the utilities industry. Shares are down 6.8% year-to-date as of the close of trading on Tuesday. Currently there are no analysts that rate Energy Company of Minas Gerais a buy, 1 analyst rates it a sell, and 2 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.

1. As of noon trading, Dominion Resources ( D) is down $0.42 (-0.6%) to $68.40 on heavy volume. Thus far, 1.9 million shares of Dominion Resources exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $68.29-$68.98 after having opened the day at $68.86 as compared to the previous trading day's close of $68.82.

Dominion Resources, Inc., together with its subsidiaries, engages in producing and transporting energy in the United States. The company operates through three segments: Dominion Virginia Power (DVP), Dominion Generation, and Dominion Energy. Dominion Resources has a market cap of $40.3 billion and is part of the utilities industry. Shares are up 7.2% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Dominion Resources a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Dominion Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Dominion Resources 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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