Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
Author: Vineet Kulkarni
Vineet Kulkarni joined Market Realist in 2015. He covers utilities, MLPs, and the renewable energy space.
Williams Companies stock fell for the seventh consecutive day on Wednesday and closed almost at an 11-month low. Midstream stocks are trading weak.
The strong sell-off continues in Energy Transfer (ET) stock. The stock lost another 4% and closed at its three-year low of $11.16 on Wednesday.
The biggest utility stock by market capitalization, NextEra, has soared almost 30% year-to-date, while the third-biggest, Dominion, has risen only 11%.
Southern Company (SO), the top regulated utility, declared a quarterly dividend of $0.62 per share last month. The ex-date for the dividends is Friday.
Energy Transfer stock fell below $12 yesterday. Once again, the company's strong earnings results, released November 6, didn't boost the stock.