uploads/2015/04/Part-1.1-utility-gainers1.png

Majority of Power Utility Stocks Fall on April 21

By

Updated

Utility stocks drop

On Tuesday, April 21, 38 out of 41 utility stocks that Market Realist tracks dropped. The Select Sector Utilities Select Sector SPDR ETF (XLU), which primarily invests in electrical utilities and multi-utilities providing multiple public services, fell by 0.9% the same day. The broad-based SPDR S&P 500 ETF Trust (SPY) lost 0.1%.

Mid- to longer-term yields increased by two basis points. Utility stocks are highly sensitive to interest rate moves as a result of their capital intensive nature.

Article continues below advertisement

Top gainers

On a tough day for utility stocks, there were only three gainers on our list of 41:

  • AES (AES) gained 0.7% to end the day at $13.33 with a market capitalization of $9.4 billion.
  • Covanta Holding (CVA) gained 0.5% to end the day at $21.97 with a market capitalization of $2.9 billion.
  • Dynegy (DYN) gained 0.3% to end the day at $33.04 with a market capitalization of $4.2 billion.

Top losers

  • ITC Holdings (ITC) dropped 2.2% to end at $35.83 with a market capitalization of $5.6 billion.
  • CenterPoint Energy (CNP) also lost 2.2% to end the day at $20.66 with a market capitalization of $8.9 billion.
  • Edison International (EIX), holding company for Southern California Edison, lost 1.9% to finish at $60.50 with a market capitalization of $19.7 billion.
  • Eversource Energy (ES) dropped 1.8% to end at $49.61 with a market capitalization of $15.7 billion.
Advertisement

More From Market Realist