3 Stocks Dragging 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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 7 points (0.0%) at 17,032 as of Friday, Aug. 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,152 issues advancing vs. 1,771 declining with 181 unchanged.

The Utilities sector currently sits up 0.1% versus the S&P 500, which is unchanged.

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

3. CPFL Energy ( CPL) is one of the companies pushing the Utilities sector lower today. As of noon trading, CPFL Energy is down $0.40 (-2.0%) to $19.10 on light volume. Thus far, 119,312 shares of CPFL Energy exchanged hands as compared to its average daily volume of 354,400 shares. The stock has ranged in price between $19.02-$19.53 after having opened the day at $19.50 as compared to the previous trading day's close of $19.50.

CPFL Energia S.A., together with its subsidiaries, generates, distributes, and commercializes electricity to industrial, residential, commercial, rural, and other consumers in Brazil. CPFL Energy has a market cap of $9.3 billion and is part of the utilities industry. Shares are up 21.8% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts that rate CPFL Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates CPFL Energy as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full CPFL Energy Ratings Report now.

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