Utilities Sector Wrap

Published August 02, 2012

| FOXBusiness

The Utilities sector (XLU) held steady on a trading day that saw S&P 500 drop 0.7%.

The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. Entering today's trading, XLU was up 0.8% over the last thirty trading days. The S&P 500, in comparison, went up -0.6%.

Ormat Technologies (ORA) was a significant gainer in the sector, rising 11.8%. The stock closed at $19.69 with 314,646 shares moving. The stock traded in a range of $18 to $20.36. Shares price has risen $1.81 (10.1%) from $17.88 on July 26, 2012.

Cadiz (CDZI) was a major loser in the sector, falling 8.4% (-83 cents) to close at $9.11 with 242,284 shares moving. The stock traded in a range of $8.98 to $10.17. The stock has been on an upward trajectory over the last two months, climbing $2.17 (31.3%) from a price of $6.94 on June 5, 2012.

Energy Transfer Partners (ETP) declined 4.9% to close at $43.53, moving below its 50-day moving average of $44.85 and 200-day moving average of $45.89. OGE Energy (OGE) climbed 2.2% to close at $54.08, moving past its 200-day moving average of $52.97.

Energy Transfer Equity L.P (BWP) fell 3.3% to close at $41.54, moving closer to its 50-day moving average of $40.76. Also, the stock moved closer to its 200-day moving average of $27.40. EnerNOC (ENOC) rose 2.6% to close at $6.36, moving closer to its 50-day moving average of $6.59.

TransAlta Corporation (TAC) hit a new 52-week low today, hitting $14.88 to fall below the previous low of $15.25.

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