XLU gains marginally
After mayhem the previous week when the Utilities Select Sector SPDR (XLU) tumbled 4.1%, utility sector stocks in the week ending March 13 lifted up the ETF marginally by 0.2%.
During the same period, the broad-based SPDR S&P 500 ETF Trust (SPY) dropped 0.8%. SPY is a key ETF that tracks the S&P 500 benchmark index.
MGE Energy up 4.2%
MGE Energy (MGEE) is the holding company of Madison Gas and Electric Company, which provides electricity to Dane County, Wisconsin. MGE Energy rose 4.2% to end the week ending March 13 at $42.52 with a market capitalization of $1.5 billion. The company published an interim report on March 13, signaling strong annual earnings. Most of the weekly gains came upon the announcement on Friday the 13th.
Other major gainers
Edison International (EIX), the holding company of Southern California Edison, gained 2.5% last week. It ended the week at $62.83 with a market capitalization of $20.5 billion.
After dropping on Monday, March 9, Calpine Corporation (CPN) gained steadily throughout the week to end the week with a 2.3% gain. The stock closed at $21.08 on Friday, March 13 with a market capitalization of $7.9 billion. Calpine Corporation (CPN) is an independent power producer headquartered in Houston, Texas.
Public Service Enterprise Group (PEG) gained steadily throughout the week before dropping on Friday to $40.55 with a $20.5 billion market capitalization.