During trading today, the Utilities sector (XLU) showed little change while the S&P 500 fell 1.5%.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. Entering today's trading, XLU was up 2% over the last thirty trading days. The S&P 500, in comparison, went up -5.6%.
Cheniere Energy (LNG) was a major loser in the sector, falling 9.1% (-$1.40) to close at $14.03 with eight million shares moving. The stock traded in a range of $13.81 to $15.65. The stock has been going in a negative direction over the last month, dropping $3.87 (-21.6%) from a price of $17.90 on April 18, 2012.
Korea Electric Power Corporation (KEP) was a significant gainer in the sector, rising 4.6%. The stock closed at $9.91 with 1.2 million shares moving. The stock traded in a range of $9.70 to $9.92. Over the last three months, the stock has lost $1.21 (-10.9%) from a price of $11.12 on February 21, 2012.
Crestwood Midstream Partners (CMLP) declined 2% to close at $26.50, moving below its 50-day moving average of $26.92 and 200-day moving average of $28.27.
American States Water (SBS) fell 1.7% to close at $36.42, moving closer to its 50-day moving average of $36.29. Also, the stock moved closer to its 200-day moving average of $67.43. U.S. Geothermal (HTM) rose 2.3% to close at 40 cents, approaching its 50-day moving average of 44 cents. It has also moved closer to its 200-day moving average of 46 cents.
Copano Energy L.L.C (CPNO) hit a new 52-week low today, hitting $25.72 to fall below the previous low of $26.08.