Utilities Sector Wrap

Markets FOXBusiness

The Utilities sector (XLU) held steady during a trading day that saw the S&P 500 grow 1.8%.

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The ETF, as a proxy for the sector, tracked farther from the overall market today than over the past week. Entering today's trading, XLU was up 1.1% over the last seven trading days while the S&P 500 climbed 1.6%.

Cheniere Energy (LNG) was a major gainer in the sector, rising 5.2% (+69 cents) to close at $13.86 with 8.7 million shares moving. The stock traded in a range of $13.50 to $14.02. The stock has fallen over the last three months, dropping $4.14 (-23%) from $18 on May 1, 2012.

Copano Energy L.L.C (CPNO) was a major loser in the sector. Its price dropped 4.4% (-$1.30) to close at $28.18, as 340,927 shares moved. The stock traded between $27.67 and $28.88. The stock has lost momentum over the last three months, losing $7.95 (-22%) from $36.13 on May 1, 2012.

Oneok (OKE) rose 3.9% to close at $45.32, cross its 50-day moving average of $45.26 and 200-day moving average of $69.31.

Companhia Paranaense de Energia (ELP) rose 4% to close at $20.53, approaching its 50-day moving average of $20.81. It has also moved closer to its 200-day moving average of $22.19.

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Enersis (ENI) hit a new 52-week low today, hitting $15.50 to fall below the previous low of $15.81.