3 Utilities Stocks Dragging The Sector Down

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 21 points (0.1%) at 16,839 as of Wednesday, June 25, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,709 issues advancing vs. 1,282 declining with 166 unchanged.

The Utilities sector currently sits up 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Centrais Eletricas Brasileiras ( EBR.B), up 2.6%, CPFL Energy ( CPL), up 2.4%, Empresa Nacional de Electricidad ( EOC), up 1.8%, ONEOK ( OKE), up 1.2% and Enersis ( ENI), up 1.0%.

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

3. PG&E ( PCG) is one of the companies pushing the Utilities sector lower today. As of noon trading, PG&E is down $0.33 (-0.7%) to $47.40 on average volume. Thus far, 1.9 million shares of PG&E exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $47.18-$47.82 after having opened the day at $47.55 as compared to the previous trading day's close of $47.73.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to customers primarily in northern and central California. It serves approximately 15 million customers. PG&E has a market cap of $22.4 billion and is part of the utilities industry. Shares are up 18.5% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate PG&E a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates PG&E as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures 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 PG&E 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, Dominion Resources ( D) is down $0.50 (-0.7%) to $69.84 on heavy volume. Thus far, 1.8 million shares of Dominion Resources exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $69.51-$70.13 after having opened the day at $70.02 as compared to the previous trading day's close of $70.34.

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 $40.9 billion and is part of the utilities industry. Shares are up 8.7% year-to-date as of the close of trading on Tuesday. Currently there are 6 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.

1. As of noon trading, EQT ( EQT) is down $0.69 (-0.6%) to $106.96 on light volume. Thus far, 432,187 shares of EQT exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $106.76-$108.78 after having opened the day at $107.41 as compared to the previous trading day's close of $107.65.

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 $16.6 billion and is part of the energy industry. Shares are up 19.9% year-to-date as of the close of trading on Tuesday. 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, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. 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.

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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