Utilities Sector Wrap

Markets FOXBusiness

The Utilities sector (XLU) held steady during a trading day that saw the S&P 500 grow 2.5%.

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The ETF, as a proxy for the sector, tracked farther from the overall market today than over the past month. As trading began today, XLU was up 3.2% over the last thirty trading days while the S&P 500 climbed 3.5%.

Cheniere Energy (LNG) was a significant gainer in the sector, rising 7.1%. The stock closed at $14.74 with 8.5 million shares moving. The stock traded in a range of $14.03 to $14.79. The stock has been on a downward trajectory over the last two months, declining $3.18 (-17.7%) from a price of $17.92 on May 2, 2012. Copano Energy L.L.C (CPNO) was another big mover, climbing $1.50 (+5.7%) to a closing price of $27.80.

Atlas Energy (ATLS) climbed 5% to close at $30.51, moving past its 200-day moving average of $30.51.

Kinder Morgan (KMI) rose 3.2% to close at $32.22, approaching its 50-day moving average of $32.48. It has also moved closer to its 200-day moving average of $33.58.

Black Hills (BKH) was a major loser in the sector. Its price dropped 1.1% (-37 cents) to close at $32.17, as 491,780 shares moved. The stock traded in a range of $32.11 to $33.02. The stock is down over the last three months, having fallen $1.90 (-5.6%) from $34.07 on April 3, 2012.

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Huaneng Power International (HNP) hit a new 52-week high today, reaching $29.81 to top the previous high of $29.36.