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 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 Utilities sector currently sits down 1.3% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include American Electric Power ( AEP), down 3.2%, Northeast Utilities ( NU), down 2.6%, Public Service Enterprise Group ( PEG), down 2.5%, Xcel Energy ( XEL), down 2.2% and PG&E ( PCG), down 2.0%.

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

3. Duke Energy Corporation ( DUK) is one of the companies pushing the Utilities sector lower today. As of noon trading, Duke Energy Corporation is down $1.50 (-2.1%) to $71.44 on heavy volume. Thus far, 2.5 million shares of Duke Energy Corporation exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $70.86-$72.97 after having opened the day at $72.93 as compared to the previous trading day's close of $72.94.

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power. Duke Energy Corporation has a market cap of $51.0 billion and is part of the utilities industry. Shares are up 5.7% year-to-date as of the close of trading on Friday. Currently there are 6 analysts that rate Duke Energy Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Duke Energy Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Duke Energy Corporation Ratings Report now.

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