Utilities Sector Wrap

Markets FOXBusiness

The Utilities sector (XLU) showed little movement on a trading day that saw S&P 500 fall 0.6%.

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Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. At the start of trading today, XLU was up 3.7% over the last thirty trading days while the S&P 500 was down 0.1%.

EDENOR (EDN) was a major loser in the sector, falling 11.7% (-38 cents) to close at $2.88 with 77,780 shares moving. The stock traded between $2.75 and $3.15.

Ormat Technologies (ORA) was a major gainer in the sector, rising 7.9% (+$1.52) to close at $20.69 with 655,142 shares moving. The stock traded in a range of $20.57 to $22. The stock has risen $3.58 (20.9%) over the last three months from a price of $17.11 on February 10, 2012.

Unitil Corporation (UTL) declined 4.4% to close at $25.65, moving below its 50-day moving average of $26.75 and 200-day moving average of $26.97. Covanta Holding Corporation (CVA) rose 2.9% to close at $16.27, crossing its 50-day moving average of $16.04.

Oneok Partners (EOC) fell 1.2% to close at $56, moving closer to its 50-day moving average of $55.44. Also, the stock moved closer to its 200-day moving average of $50.00.

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Crosstex Energy (XTXI) hit a new 52-week high today, reaching $15.87 to top the previous high of $15.30.

Pampa Energia (PAM) hit a new 52-week low today, hitting $6.03 to fall below the previous low of $6.08.

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