The Utilities sector (XLU) held steady on a trading day that saw S&P 500 drop 0.1%.
The ETF is 3% above its 50-day moving average and 1% above its 200-day moving average. Despite being down today, the ETF, as a as a proxy for sector performance, tracked closer to the overall market than over the past week. Entering today's trading, XLU was up 4761.1% over the last seven trading days while the S&P 500 was down 0.8%.
Tri-Tech (TRIT) was one of the sector's big losers, as its price dropped 7.7% (-50 cents) to close at $6.01. 33,431 shares of the stock moved. The stock traded between $6 and $6.50.
Increasing 2.5% (+50 cents) to close at $20.11, The Empire District Electric Company (EDE) was a major gainer in the sector. Today, 305,839 shares traded hands. The stock traded in a range of $19.70 to $20.18. Shares are up, having risen 33 cents (1.7%) from a price of $19.78 on April 9, 2012.
PG&E Corporation (PCG) rose 1.8% to close at $43.01, cross its 50-day moving average of $42.74 and 200-day moving average of $41.50.
Unitil Corporation (UTL) rose 2.1% to close at $26.77, approaching its 50-day moving average of $26.94. It has also moved closer to its 200-day moving average of $26.98. Cheniere Energy Partners L.P (SE) fell 1.9% to close at $23.05, moving closer to its 50-day moving average of $22.86. Also, the stock moved closer to its 200-day moving average of $29.87.
Sempra Energy (SRE) hit a new 52-week high today, reaching $63.62 to top the previous high of $63.12.
TransAlta Corporation (TAC) hit a new 52-week low today, hitting $16.51 to fall below the previous low of $17.22.