During trading today, the Utilities sector (XLU) showed little change while the S&P 500 fell 1.2%.
The ETF is beating its 50-day moving average by 2% and its 200-day moving average by 0.1%. The ETF, as a proxy for the sector, tracked farther from the overall market today than over the past month. As trading began today, XLU was down 2.4% over the last thirty trading days while the S&P 500 climbed -2%.
Cheniere Energy (LNG) was a significant gainer in the sector, rising 7.4%. The stock closed at $16.86 with 17.1 million shares moving. The stock traded in a range of $16.40 to $17.48.
Niska Gas Storage Partners (NKA) was a major loser in the sector, falling 5.3% (-53 cents) to close at $9.42 with 144,394 shares moving. The stock traded in a range of $9.40 to $9.97. Shares have been on on the rise over the past month, climbing 19 cents (2.1%) from a price of $9.23 on March 14, 2012.
Oneok Partners (OKS) climbed 0.9% to close at $53.51, moving past its 200-day moving average of $53.48.
Public Service Enterprise Group (PEG) rose 1% to close at $29.69, approaching its 50-day moving average of $30.18. It has also moved closer to its 200-day moving average of $31.42. Empresa Nacional de Electricidad (NGG) fell 1.5% to close at $54.04, moving closer to its 50-day moving average of $53.64. Also, the stock moved closer to its 200-day moving average of $49.81.
TransAlta Corporation (TAC) hit a new 52-week low today, hitting $17.22 to fall below the previous low of $17.48.