WGP, CLNE And TRGP, 3 Utilities Stocks Pushing The Sector Lower

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 125 points (-0.7%) at 16,899 as of Tuesday, July 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 971 issues advancing vs. 2,018 declining with 168 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is down 0.9%. A company within the sector that fell today was EQT ( EQT), up 0.5%.

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

3. Western Gas Equity Partners ( WGP) is one of the companies pushing the Utilities sector lower today. As of noon trading, Western Gas Equity Partners is down $0.33 (-0.6%) to $59.68 on heavy volume. Thus far, 159,065 shares of Western Gas Equity Partners exchanged hands as compared to its average daily volume of 207,700 shares. The stock has ranged in price between $59.33-$60.18 after having opened the day at $60.00 as compared to the previous trading day's close of $60.01.

Western Gas Equity Partners, LP is engaged in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil in the United States. Western Gas Equity Partners has a market cap of $13.2 billion and is part of the energy industry. Shares are up 51.9% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Western Gas Equity Partners a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Western Gas Equity Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally high debt management risk. Get the full Western Gas Equity Partners 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, Clean Energy Fuels ( CLNE) is down $0.56 (-5.0%) to $10.52 on heavy volume. Thus far, 1.1 million shares of Clean Energy Fuels exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $10.47-$11.15 after having opened the day at $11.05 as compared to the previous trading day's close of $11.08.

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets. It designs, builds, operates, and maintains fueling stations. Clean Energy Fuels has a market cap of $1.0 billion and is part of the utilities industry. Shares are down 14.0% year-to-date as of the close of trading on Monday. Currently there are 3 analysts that rate Clean Energy Fuels a buy, 4 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Clean Energy Fuels as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally high debt management risk and generally disappointing historical performance in the stock itself. Get the full Clean Energy Fuels 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, Targa Resources ( TRGP) is down $2.85 (-2.0%) to $137.94 on average volume. Thus far, 167,820 shares of Targa Resources exchanged hands as compared to its average daily volume of 424,500 shares. The stock has ranged in price between $137.52-$140.00 after having opened the day at $140.00 as compared to the previous trading day's close of $140.79.

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. Targa Resources has a market cap of $6.0 billion and is part of the energy industry. Shares are up 59.7% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate Targa Resources a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Targa Resources 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, 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 Targa 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.

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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