3 Stocks Pulling The Energy Industry Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 16,507 as of Monday, Aug. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,334 issues advancing vs. 1,665 declining with 161 unchanged.

The Energy industry currently sits up 0.5% versus the S&P 500, which is up 0.2%. A company within the industry that fell today was Chevron ( CVX), up 1.0%. Top gainers within the industry include Energy Transfer Equity ( ETE), up 2.8%, Magellan Midstream Partners L.P ( MMP), up 2.7%, Concho Resources ( CXO), up 2.4%, Enterprise Products Partners ( EPD), up 2.4% and Cheniere Energy ( LNG), up 2.1%.

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

3. Williams Partners ( WPZ) is one of the companies pushing the Energy industry lower today. As of noon trading, Williams Partners is down $0.56 (-1.1%) to $49.75 on average volume. Thus far, 557,057 shares of Williams Partners exchanged hands as compared to its average daily volume of 802,900 shares. The stock has ranged in price between $49.48-$50.41 after having opened the day at $50.30 as compared to the previous trading day's close of $50.31.

Williams Partners L.P., an energy infrastructure company, focuses on connecting North America's hydrocarbon resource plays to growing markets for natural gas and natural gas liquids (NGL). It operates in Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services segments. Williams Partners has a market cap of $22.2 billion and is part of the basic materials sector. Shares are down 1.1% year-to-date as of the close of trading on Friday. Currently there are 4 analysts that rate Williams Partners a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Williams Partners as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Williams Partners Ratings Report now.

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