Utilities Sector Wrap

Published August 10, 2012

| FOXBusiness

The Utilities sector (XLU) showed little movement while the S&P 500 gained 0.2% during trading today.

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 1.5% over the last thirty trading days while the S&P 500 was up 5.5%.

Increasing 4.3% (+60 cents) to close at $14.66, Cheniere Energy (LNG) was a major gainer in the sector. Today, 5.5 million shares traded hands. The stock traded in a range of $14.15 to $14.67. Over the last two months, shares have shown some positive movement as the price has climbed $2.15 (17.2%) from a price of $12.51 on June 13, 2012.

Crosstex Energy L.P (XTEX) was one of the sector's big losers, as its price dropped 3.4% (-52 cents) to close at $14.65. 578,104 shares of the stock moved. The stock traded in a range of $14.62 to $15.43. The share price has dropped $1.76 (-10.7%) from $16.41 on July 12, 2012.

Middlesex Water Company (MSEX) rose 1.9% to close at $19.07, cross its 50-day moving average of $18.84 and 200-day moving average of $18.60.

Spectra Energy (SE) rose 1.1% to close at $29.29, approaching its 50-day moving average of $29.44. It has also moved closer to its 200-day moving average of $29.90. Kinder Morgan (KMI) fell 3.2% to close at $34.65, moving closer to its 50-day moving average of $34.35. Also, the stock moved closer to its 200-day moving average of $34.18.

Companhia de Saneamento Basico (SBS) hit a new 52-week high today, reaching $89.47 to top the previous high of $88.06.

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