During trading today, both the Utilities sector (XLU) and the S&P500 showed little movement.
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 2.3% over the last thirty trading days while the S&P 500 was up 0.3%.
Crestwood Midstream Partners (CMLP) was one of the sector's big losers, as its price dropped 6.3% (-$1.83) to close at $27. 170,963 shares of the stock moved. The stock traded in a range of $26.78 to $27.91. Shares have shown some positive movement over the last two months as the price has climbed $1.68 (6.6%) from a price of $25.32 on May 24, 2012.
Increasing 3.4% (+71 cents) to close at $21.36, Artesian Resources Corporation (ARTNA) was a major gainer in the sector. Today, 12,872 shares traded hands. The stock traded in a range of $20.81 to $21.58. The stock has been on the rise in the last two months, up $1.96 (10.1%) from a price of $19.40 on May 24, 2012.
OGE Energy (OGE) declined 2.2% to close at $52.25, moving below its 50-day moving average of $52.42 and 200-day moving average of $52.96.
UGI (NWE) fell 1.7% to close at $30.18, moving closer to its 50-day moving average of $29.74. Also, the stock moved closer to its 200-day moving average of $35.49.
TransAlta Corporation (TAC) hit a new 52-week low today, hitting $15.74 to fall below the previous low of $15.80.