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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 65 points (-0.4%) at 17,004 as of Monday, July 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 894 issues advancing vs. 2,148 declining with 116 unchanged.

The Utilities sector currently sits down 0.2% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the sector include Korea Electric Power ( KEP), down 1.9%, and Huaneng Power International ( HNP), down 0.6%.

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

3. ONEOK ( OKE) is one of the companies pushing the Utilities sector lower today. As of noon trading, ONEOK is down $0.95 (-1.4%) to $66.66 on average volume. Thus far, 484,120 shares of ONEOK exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $66.51-$67.78 after having opened the day at $67.58 as compared to the previous trading day's close of $67.61.

ONEOK, Inc. operates as a diversified energy company in the United States. ONEOK has a market cap of $14.1 billion and is part of the utilities industry. Shares are up 8.7% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts that rate ONEOK a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates ONEOK as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and growth in earnings per share. 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 ONEOK 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, NRG Energy ( NRG) is down $0.62 (-1.8%) to $34.89 on average volume. Thus far, 1.6 million shares of NRG Energy exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $34.88-$35.68 after having opened the day at $35.60 as compared to the previous trading day's close of $35.51.

NRG Energy, Inc., together with its subsidiaries, operates as a power and energy company. The company is engaged in the ownership and operation of power generation facilities. NRG Energy has a market cap of $12.0 billion and is part of the utilities industry. Shares are up 23.6% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts that rate NRG Energy a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates NRG Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, generally higher debt management risk and poor profit margins. Get the full NRG Energy 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 $1.14 (-1.1%) to $104.98 on average volume. Thus far, 677,272 shares of EQT exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $103.94-$105.85 after having opened the day at $105.46 as compared to the previous trading day's close of $106.12.

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 $16.1 billion and is part of the energy industry. Shares are up 18.2% year-to-date as of the close of trading on Thursday. 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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