During trading today, both the Utilities sector (XLU) and the S&P500 showed little movement.
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The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLU was up 0.4% over the last thirty trading days, and the S&P 500 climbed 4%.
Markwest Energy Partners (MWE) was a major loser in the sector, falling 4.3% (-$2.28) to close at $50.47 with seven million shares moving. The stock traded between $50.09 and $50.72. The share price has been falling in the last month, down $2.77 (-5.2%) from $53.24 on July 16, 2012.
Crosstex Energy L.P (XTEX) was a significant gainer in the sector, rising 2.5%. The stock closed at $14.91 with 485,721 shares moving. The stock traded in a range of $14.63 to $15. The stock has been losing steam over the last month, slipping $1.85 (-11%) from a price of $16.76 on July 16, 2012.
Niska Gas Storage Partners (NKA) rose 2.4% to close at $12.63, cross its 50-day moving average of $12.49 and 200-day moving average of $11.15. Companhia Energetica Minas Gerais (CIG) declined 1.3% to close at $19.47, moving below its 50-day moving average of $18.89 and 200-day moving average of $20.22.
Connecticut Water Service (EXLP) fell 1% to close at $31.17, moving closer to its 50-day moving average of $30.39. Also, the stock moved closer to its 200-day moving average of $21.39.