AES, NRG And EQT, Pushing 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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.2%) at 17,108 as of Wednesday, Sept. 3, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,478 issues advancing vs. 1,497 declining with 182 unchanged.

The Utilities sector currently sits up 0.3% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Korea Electric Power ( KEP), up 2.8%, Huaneng Power International ( HNP), up 1.3%, Edison International ( EIX), up 1.2%, Public Service Enterprise Group ( PEG), up 1.1% and Consolidated Edison ( ED), up 1.1%.

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

3. AES Corporation ( AES) is one of the companies pushing the Utilities sector lower today. As of noon trading, AES Corporation is down $0.27 (-1.8%) to $14.68 on average volume. Thus far, 2.0 million shares of AES Corporation exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $14.68-$14.99 after having opened the day at $14.96 as compared to the previous trading day's close of $14.95.

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. AES Corporation has a market cap of $11.0 billion and is part of the utilities industry. Shares are up 3.0% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate AES Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates AES Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins. Get the full AES Corporation Ratings Report now.

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