The S&P 500 lost 0.3% while the Utilities sector (XLU) showed little movement during trading today.
As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. As trading began today, XLU was up 3.1% over the last thirty trading days, and the S&P 500 climbed 0.8%.
Cheniere Energy (LNG) was a major gainer in the sector, rising 7.4% (+95 cents) to close at $13.76 with 8.9 million shares moving. The stock traded in a range of $12.50 to $13.82. The stock has been falling in the last two months, down $4.24 (-23.6%) from a price of $18 on May 1, 2012.
Energy Transfer Partners (ETP) was a major loser in the sector, falling 5.2% (-$2.38) to close at $43.60 with 16.4 million shares moving. The stock traded between $42.65 and $43.75. Shares are down over the last two months as the price has dropped $7.38 (-14.5%) from a price of $50.98 on May 1, 2012.
Clean Energy Fuels (CLNE) rose 4.5% to close at $15, cross its 50-day moving average of $14.37 and 200-day moving average of $16.04. Dynegy (DYN) declined 1.6% to close at 57 cents, moving below its 50-day moving average of 51 cents and 200-day moving average of $1.17.
Cadiz (CDZI) rose 4.3% to close at $7.11, approaching its 50-day moving average of $7.61. It has also moved closer to its 200-day moving average of $8.83. Connecticut Water Service (CTWS) fell 1.8% to close at $28.62, moving closer to its 50-day moving average of $28.21. Also, the stock moved closer to its 200-day moving average of $28.29.
Artesian Resources Corporation (ARTNA) hit a new 52-week high today, reaching $21.72 to top the previous high of $21.09.