Filed Under: ,
Tickers in this Article: XTXI, KMP, EXLP, OKE, PNY, DPM, CVA
The Nasdaq is up 1.7%, the S&P 500 has risen 1% and the Dow has climbed 0.9% on a good day for the market so far. The utilities sector is a category of stocks for utilities such as gas and power. It contains companies such as electric, gas and water firms and integrated providers. Because utilities require significant infrastructure, these firms often carry large amounts of debt. With a high debt load, utilities companies become sensitive to changes in the interest rate. As interest rates rise or drop, the debt payments will increase or decrease. The utilities sector performs best when interest rates are falling or remain low.

Underperforming the market overall, the Utilities sector (XLU) is up 0.4%, and these are its current biggest movers:
CompanyMarket CapPercentage Change
Crosstex Energy (Nasdaq:XTXI)$619.2 million+5.2%
Kinder Morgan Energy (NYSE:KMP)$19.84 billion-2%
Exterran Partners (Nasdaq:EXLP)$901.1 million-1.6%
Oneok (NYSE:OKE)$8.79 billion+1.5%
Piedmont Natural Gas Company (NYSE:PNY)$2.27 billion+1.5%
DCP Midstream (NYSE:DPM)$2.37 billion+1.4%
Covanta (NYSE:CVA)$2.5 billion-1.4%
Broker Summary: Charles Schwab Online Brokerage

After an increase of 5.2%, Crosstex Energy (Nasdaq:XTXI) has reached a current price of $13.74. The company's volume is currently 241,392 shares for the day, 1.3 times its current three-month average.

Kinder Morgan Energy (NYSE:KMP) is trading at $78.96 per share, down 2%. So far today, the company's volume is 2.5 million shares.

Exterran Partners (Nasdaq:EXLP) is currently trading at a share price of $20.98, a 1.6% decline. At 52,691 shares, the company's volume so far today is 0.3 times the average daily volume.

Oneok (NYSE:OKE) has increased to a share price of $43.60, a 1.5% rise. So far today, the company's volume is 494,514 shares. This is on pace to fall short of yesterday's volume of 1.4 million shares.

Piedmont Natural Gas Company (NYSE:PNY) has moved up 1.5% and is currently trading at $31.99 per share. So far today, the company's volume is 51,485 shares, 0.3 times the average volume over the last three months.

Increasing 1.4%, DCP Midstream (NYSE:DPM) is trading at $39.32 per share. So far today, 47,427 shares have changed hands.

Covanta (NYSE:CVA) has fallen 1.4% and is currently trading at $18.70 per share. So far today, the company's volume is 241,913 shares, 0.3 times its current daily average.

The Bottom Line The nature of the market is such that stocks will have good days and bad days. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

comments powered by Disqus

Trading Center