Utilities Sector Wrap

Published August 22, 2012

| FOXBusiness

During trading today, both the Utilities sector (XLU) and the S&P500 showed little movement.

As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLU was down 0.7% over the last thirty trading days. The S&P 500, in comparison, went up 5.9%.

Tri-Tech (TRIT) was a significant gainer in the sector, rising 8.7%. The stock closed at $3.86 with 24,088 shares moving. The stock traded in a range of $3.58 to $3.90. The stock has fallen over the last three months, dropping $1.15 (-23%) from $5.01 on May 25, 2012.

Delta Natural Gas Company (DGAS) was a major loser in the sector. Its price dropped 3.2% (-68 cents) to close at $20.30, as 13,410 shares moved. The stock traded in a range of $20.30 to $21.30.

Niska Gas Storage Partners (NKA) rose 1.1% to close at $12.67, cross its 50-day moving average of $12.59 and 200-day moving average of $11.27. Empresa Nacional de Electricidad (EOC) declined 2% to close at $49.58, moving below its 50-day moving average of $50.50 and 200-day moving average of $50.64.

Artesian Resources Corporation (YORW) fell 1.4% to close at $22.03, moving closer to its 50-day moving average of $21.70. Also, the stock moved closer to its 200-day moving average of $17.59.

Covanta Holding Corporation (CVA) hit a new 52-week high today, reaching $17.96 to top the previous high of $17.77.

URL

http://www.foxbusiness.com/markets/2012/08/22/utilities-sector-wrap/