The market has been slipping so far today. The Nasdaq has slipped 0.3%; the S&P 500 has fallen 0.5%; and the Dow has declined 0.5%. 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.
The Utilities sector (XLU) is currently ahead of the overall market, down only 0.1%, and its biggest movers are currently:
|Company||Market Cap||Percentage Change|
|Korea Electric Power Corporation (NYSE:KEP)||$17.49 billion||+2.9%|
|Clean Energy (Nasdaq:CLNE)||$1.08 billion||-2.4%|
|Ormat Technologies (NYSE:ORA)||$884.1 million||-1.5%|
|Targa (NYSE:TRGP)||$2.17 billion||+1.1%|
|TC (NYSE:TCP)||$2.08 billion||+1%|
|Energy Transfer Equity (NYSE:ETE)||$12.51 billion||-0.9%|
|Oneok (NYSE:OKS)||$11.66 billion||+0.9%|
After rising 2.9%, Korea Electric Power Corporation (NYSE:KEP) is currently trading at a share price of $14.02. The company's volume is currently 391,620 shares for the day, 0.4 times the average daily volume.
Clean Energy (Nasdaq:CLNE) has decreased to $12.09 per share, a 2.4% fall. So far today, 369,957 shares of the company's stock have changed hands. This is a sign that there will be less trading activity than there was yesterday.
After a decline of 1.5%, Ormat Technologies (NYSE:ORA) has hit a share price of $19.17. The company's volume for the day so far is 29,374 shares, 0.3 times the average volume over the last three months.
Targa (NYSE:TRGP) has moved up 1.1% and is currently trading at $51.54 per share. The company is currently trading a volume of 89,379 shares.
TC (NYSE:TCP) is currently trading at $39.29 per share, a 1% increase. So far today, the company's volume is 53,197 shares, 0.4 times the current daily average.
Energy Transfer Equity (NYSE:ETE) has fallen 0.9% and is currently trading at $44.27 per share. The company's volume is currently 177,503 shares. This is on pace to reach yesterday's trading volume of 416,777 shares.
After an increase of 0.9%, Oneok (NYSE:OKS) has reached a current price of $53.52. The company's volume is currently 79,608 shares for the day, 0.1 times the current three-month average.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Daily stock performance should be weighed against historical performance and put in context of the market overall. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.