3 Stocks Dragging In The Utilities Sector

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 34 points (0.2%) at 16,956 as of Friday, June 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,547 issues advancing vs. 1,406 declining with 177 unchanged.

The Utilities sector currently sits up 0.2% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include Duke Energy Corporation ( DUK), down 1.0%, Exelon ( EXC), down 0.8% and Dominion Resources ( D), down 0.6%. Top gainers within the sector include Huaneng Power International ( HNP), up 1.9%, Companhia De Saneamento Basico Do Estado De ( SBS), up 1.9%, TransCanada ( TRP), up 1.0% and Praxair ( PX), up 0.6%.

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

3. ITC Holdings ( ITC) is one of the companies pushing the Utilities sector lower today. As of noon trading, ITC Holdings is down $0.87 (-2.4%) to $34.93 on heavy volume. Thus far, 2.7 million shares of ITC Holdings exchanged hands as compared to its average daily volume of 743,600 shares. The stock has ranged in price between $34.41-$35.95 after having opened the day at $34.97 as compared to the previous trading day's close of $35.80.

ITC Holdings Corp., together with its subsidiaries, is engaged in the transmission of electricity in the United States. ITC Holdings has a market cap of $5.9 billion and is part of the utilities industry. Shares are up 12.1% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts that rate ITC Holdings a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates ITC Holdings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. 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 ITC Holdings Ratings Report now.

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