3 Stocks Underperforming Today In The Utilities Sector

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 20 points (-0.1%) at 17,562 as of Wednesday, March 23, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 892 issues advancing vs. 1,995 declining with 178 unchanged.

The Utilities sector currently sits down 0.7% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include SolarCity ( SCTY), down 8.9%, Centrais Eletricas Brasileiras ( EBR), down 6.2%, Targa Resources ( TRGP), down 6.2%, CPFL Energia ( CPL), down 4.7% and ONEOK ( OKE), down 4.3%. Top gainers within the sector include CMS Energy ( CMS), up 1.6%, Consolidated Edison ( ED), up 1.4%, WEC Energy Group ( WEC), up 1.2%, Public Service Enterprise Group ( PEG), up 1.2% and DTE Energy ( DTE), up 1.1%.

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

3. Enersis Americas ( ENI) is one of the companies pushing the Utilities sector lower today. As of noon trading, Enersis Americas is down $0.30 (-2.2%) to $13.41 on light volume. Thus far, 264,682 shares of Enersis Americas exchanged hands as compared to its average daily volume of 936,700 shares. The stock has ranged in price between $13.31-$13.64 after having opened the day at $13.64 as compared to the previous trading day's close of $13.71.

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Enersis Americas S.A., an electric utility company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina, Brazil, Colombia, and Peru. It generates electricity from hydroelectric, thermal, and wind power plants. Enersis Americas has a market cap of $13.5 billion and is part of the utilities industry. Shares are up 12.8% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Enersis Americas a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Enersis Americas as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins. Get the full Enersis Americas Ratings Report now.

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2. As of noon trading, TransCanada ( TRP) is down $0.19 (-0.5%) to $37.61 on average volume. Thus far, 613,656 shares of TransCanada exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $37.29-$37.86 after having opened the day at $37.86 as compared to the previous trading day's close of $37.80.

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TransCanada Corporation operates as an energy infrastructure company in North America. The company operates through three segments: Natural Gas Pipelines, Liquids Pipelines, and Energy. TransCanada has a market cap of $26.0 billion and is part of the energy industry. Shares are up 16.0% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate TransCanada a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates TransCanada as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full TransCanada Ratings Report now.

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1. As of noon trading, NRG Energy ( NRG) is down $0.56 (-4.1%) to $13.21 on light volume. Thus far, 1.9 million shares of NRG Energy exchanged hands as compared to its average daily volume of 7.1 million shares. The stock has ranged in price between $13.15-$13.72 after having opened the day at $13.69 as compared to the previous trading day's close of $13.77.

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NRG Energy, Inc., together with its subsidiaries, operates as a power company. NRG Energy has a market cap of $4.3 billion and is part of the utilities industry. Shares are up 17.0% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate NRG Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NRG Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full NRG Energy Ratings Report now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the utilities sector could consider Utilities Select Sector SPDR ( XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities ( SDP).

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