EQT, PPL And EXC, Pushing 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 16 points (0.1%) at 16,733 as of Monday, June 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,394 issues advancing vs. 1,564 declining with 187 unchanged.

The Utilities sector currently sits down 0.2% versus the S&P 500, which is unchanged. A company within the sector that increased today was Huaneng Power International ( HNP), up 0.5%.

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

3. EQT ( EQT) is one of the companies pushing the Utilities sector lower today. As of noon trading, EQT is down $1.65 (-1.5%) to $105.23 on average volume. Thus far, 602,161 shares of EQT exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $104.93-$106.95 after having opened the day at $106.74 as compared to the previous trading day's close of $106.88.

EQT Corporation, together with its subsidiaries, operates as a natural gas company in the United States. It operates in two segments, EQT Production and EQT Midstream. EQT has a market cap of $15.9 billion and is part of the energy industry. Shares are up 19.1% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate EQT a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates EQT as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full EQT 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, PPL ( PPL) is down $0.31 (-0.9%) to $34.78 on light volume. Thus far, 1.1 million shares of PPL exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $34.76-$35.06 after having opened the day at $34.96 as compared to the previous trading day's close of $35.09.

PPL Corporation, an energy and utility holding company, generates, transmits, distributes, and sells electricity to wholesale and retail customers in the Pennsylvania, Kentucky, Virginia, Tennessee, and the United Kingdom. The company operates in four segments: Kentucky Regulated, U.K. PPL has a market cap of $22.0 billion and is part of the utilities industry. Shares are up 16.6% year-to-date as of the close of trading on Friday. Currently there are 4 analysts that rate PPL a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates PPL as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations 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 PPL 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, Exelon ( EXC) is down $0.29 (-0.8%) to $36.54 on light volume. Thus far, 2.7 million shares of Exelon exchanged hands as compared to its average daily volume of 7.4 million shares. The stock has ranged in price between $36.35-$36.72 after having opened the day at $36.62 as compared to the previous trading day's close of $36.83.

Exelon Corporation, a utility services holding company, is engaged in the energy generation business in the United States. It operates through nine segments: Mid-Atlantic, Midwest, New England, New York, ERCOT, Other Regions, ComEd, PECO, and BGE. Exelon has a market cap of $31.0 billion and is part of the utilities industry. Shares are up 34.5% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates Exelon a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Exelon as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Exelon 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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