ELP, ENI And CPN, Pushing Utilities Sector Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 7 points (0.0%) at 16,563 as of Tuesday, Aug. 12, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,349 issues advancing vs. 1,605 declining with 179 unchanged.

The Utilities sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR.B), down 1.6%, and Targa Resources ( TRGP), down 1.1%.

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

3. Energy Company of Parana ( ELP) is one of the companies pushing the Utilities sector lower today. As of noon trading, Energy Company of Parana is down $0.21 (-1.3%) to $16.27 on light volume. Thus far, 159,876 shares of Energy Company of Parana exchanged hands as compared to its average daily volume of 557,200 shares. The stock has ranged in price between $16.22-$16.40 after having opened the day at $16.32 as compared to the previous trading day's close of $16.48.

Companhia Paranaense de Energia - COPEL is engaged in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, and rural customers primarily in the State of Parana, Brazil. Energy Company of Parana has a market cap of $4.5 billion and is part of the utilities industry. Shares are up 25.4% year-to-date as of the close of trading on Monday. Currently there are no analysts that rate Energy Company of Parana a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Energy Company of Parana 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, solid stock price performance, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Energy Company of Parana Ratings Report now.

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