During trading today, the Utilities sector (XLU) showed little change while the S&P 500 fell 2.5%.
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. Entering today's trading, XLU was up 0.2% over the last thirty trading days while the S&P 500 was down 8.7%.
Dynegy (DYN) was a significant gainer in the sector, rising 11.5%. The stock closed at 54 cents with three million shares moving. The stock traded in a range of 46 cents to 55 cents.
Cheniere Energy (LNG) was a major loser in the sector. Its price dropped 10.3% (-$1.44) to close at $12.60, as nine million shares moved. The stock traded in a range of $12.26 to $13.57. The stock has been losing steam over the last month, sliding $5.32 (-29.7%) from a price of $17.92 on May 2, 2012.
Northeast Utilities (NU) rose 1.1% to close at $36.42, cross its 50-day moving average of $36.21 and 200-day moving average of $35.59. Northwest Natural Gas (NWN) declined 1.3% to close at $45.74, moving below its 50-day moving average of $45.63 and 200-day moving average of $46.17.
Enersis (ENI) rose 1.5% to close at $17.45, approaching its 50-day moving average of $19.06. It has also moved closer to its 200-day moving average of $19.00. El Paso Electric Company (EE) rose 1.5% to close at $31.16, getting closer to its 200-day moving average or $32.26.
Duke Energy (DUK) hit a new 52-week high today, reaching $22.40 to top the previous high of $22.12.