3 Utilities Stocks Dragging The Sector Down

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 18,344 as of Wednesday, July 13, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,725 declining with 124 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Targa Resources ( TRGP), down 4.5%, EQT ( EQT), down 3.4% and ONEOK ( OKE), down 2.0%. A company within the sector that increased today was Consolidated Edison ( ED), up 0.7%.

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

3. Korea Electric Power ( KEP) is one of the companies pushing the Utilities sector lower today. As of noon trading, Korea Electric Power is down $0.14 (-0.5%) to $25.93 on light volume. Thus far, 152,012 shares of Korea Electric Power exchanged hands as compared to its average daily volume of 438,000 shares. The stock has ranged in price between $25.91-$26.13 after having opened the day at $26.13 as compared to the previous trading day's close of $26.07.

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Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea and internationally. Korea Electric Power has a market cap of $33.3 billion and is part of the utilities industry. Shares are up 23.1% year-to-date as of the close of trading on Tuesday. Currently there are no analysts that rate Korea Electric Power a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Korea Electric Power as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full Korea Electric Power Ratings Report now.

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2. As of noon trading, Energy Company of Minas Gerais ( CIG) is down $0.12 (-4.5%) to $2.44 on average volume. Thus far, 2.6 million shares of Energy Company of Minas Gerais exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $2.44-$2.54 after having opened the day at $2.53 as compared to the previous trading day's close of $2.56.

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Companhia Energetica de Minas Gerais S.A., through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. Energy Company of Minas Gerais has a market cap of $2.9 billion and is part of the utilities industry. Shares are up 70.7% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Energy Company of Minas Gerais a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Energy Company of Minas Gerais 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, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Energy Company of Minas Gerais Ratings Report now.

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1. As of noon trading, Western Gas Equity Partners ( WGP) is down $0.67 (-1.7%) to $37.90 on light volume. Thus far, 50,818 shares of Western Gas Equity Partners exchanged hands as compared to its average daily volume of 462,800 shares. The stock has ranged in price between $37.48-$38.56 after having opened the day at $38.56 as compared to the previous trading day's close of $38.57.

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Western Gas Equity Partners, LP gathers, processes, compresses, treats, and transports natural gas, condensate, NGLs and crude oil primarily in the United States. Western Gas Equity Partners has a market cap of $8.4 billion and is part of the energy industry. Shares are up 6.3% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Western Gas Equity Partners a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Western Gas Equity Partners as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Western Gas Equity Partners 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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