3 Stocks Underperforming Today In The Utilities Sector

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,877 as of Thursday, June 19, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,663 issues advancing vs. 1,297 declining with 187 unchanged.

The Utilities sector currently sits up 0.1% versus the S&P 500, which is down 0.1%. A company within the sector that fell today was Centrais Eletricas Brasileiras ( EBR.B), up 3.9%. Top gainers within the sector include Cleco ( CNL), up 6.1%, Korea Electric Power ( KEP), up 1.5%, Edison International ( EIX), up 1.1% and Huaneng Power International ( HNP), up 1.1%.

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

3. Companhia De Saneamento Basico Do Estado De ( SBS) is one of the companies pushing the Utilities sector lower today. As of noon trading, Companhia De Saneamento Basico Do Estado De is down $0.21 (-1.9%) to $10.71 on light volume. Thus far, 782,640 shares of Companhia De Saneamento Basico Do Estado De exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $10.66-$10.87 after having opened the day at $10.82 as compared to the previous trading day's close of $10.92.

Companhia de Saneamento Basico do Estado de S o Paulo SABESP provides basic and environmental sanitation services; and supplies treated water on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of S o Paulo. Companhia De Saneamento Basico Do Estado De has a market cap of $7.2 billion and is part of the utilities industry. Shares are down 3.7% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Companhia De Saneamento Basico Do Estado De a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Companhia De Saneamento Basico Do Estado De as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, attractive valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Companhia De Saneamento Basico Do Estado De 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, Praxair ( PX) is down $0.94 (-0.7%) to $131.41 on light volume. Thus far, 329,298 shares of Praxair exchanged hands as compared to its average daily volume of 957,300 shares. The stock has ranged in price between $131.26-$132.63 after having opened the day at $132.20 as compared to the previous trading day's close of $132.35.

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 $38.3 billion and is part of the chemicals industry. Shares are up 1.8% year-to-date as of the close of trading on Wednesday. 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 growth in earnings per share, increase in net income, revenue growth, notable return on equity and increase in stock price during the past year. 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.

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, FirstEnergy ( FE) is down $0.18 (-0.5%) to $34.85 on average volume. Thus far, 2.6 million shares of FirstEnergy exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $34.76-$35.59 after having opened the day at $35.05 as compared to the previous trading day's close of $35.03.

FirstEnergy Corp., a diversified energy company, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. FirstEnergy has a market cap of $14.4 billion and is part of the utilities industry. Shares are up 6.2% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts that rate FirstEnergy a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates FirstEnergy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and poor profit margins. Get the full FirstEnergy 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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