5 Utilities Stocks Falling This Morning

Through the early part of trading on Thursday, September 8, 2011, these stocks are bringing down the Utilities (NYSE:XLU) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

NextEra Energy, Inc. (NYSE:NEE) is one of the sector losers in price. Its shares are trading at $54.77, down 9 cents (-0.4%) from the previous close of $55. NextEra Energy provides electricity-related services through two operating subsidiaries, FPL and FPL Energy.

Stock Price Performance: From August 8, 2011, to September 6, 2011, the stock price had risen $5.38 (10.8%) from $49.67 to $55.05. The stock price saw one of its best stretches over the last year between March 28, 2011 and April 6, 2011 when shares rose for eight straight trading days, rising 5.2% (+$2.74). It saw one of its worst periods between November 4, 2010 and November 17, 2010 when shares fell for 10 straight trading days, falling 5.1% (-$2.69).

American Electric Power Company Inc (NYSE:AEP) is among the price losers in the sector as its stock price is $38.03, down 13 cents (-0.5%) from the previous close of $38.24. American Electric Power Co Inc is a public utility holding company that provides electric service, consisting of generation, transmission and distribution, to its retail customers through subsidiaries.

Stock Price Performance: From August 9, 2011, to September 7, 2011, the stock price had risen $3.18 (9.1%) from $35.06 to $38.24. It saw one of its worst periods between November 5, 2010 and November 17, 2010 when shares fell for nine straight trading days, falling 4.1% (-$1.46). The stock price saw one of its best stretches over the last year between April 21, 2011 and May 3, 2011 when shares rose for eight straight trading days, rising 4.1% (+$1.42).

Spectra Energy Corp (NYSE:SE) is among the price losers in the sector. Its shares are trading at $25.41, which is 7 cents (-0.4%) below the previous close of $25.52. Spectra Energy Corp. through its subsidiaries and equity affiliates, owns and operates natural gas-related energy assets.

Stock Price Performance: From August 9, 2011, to September 7, 2011, the stock price had risen $1.47 (6.1%) from $24.05 to $25.52. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine straight trading days, rising 7.5% (+$1.99). It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven straight trading days, falling 2.4% (-65 cents).

Energen Corporation (NYSE:EGN) stocks are trading at $47.20. This is 12 cents (-0.3%) below the previous close of $47.35, making the company one of the biggest price losers in the sector today. Energen Corporation is engaged in the development, acquisition, exploration & production of oil & natural gas & natural gas liquids in the continental U.S. and in the purchase, distribution and sale of natural gas in central & north Alabama.

Stock Price Performance: From June 10, 2011, to September 6, 2011, the stock price had fallen $13.15 (-22.6%) from $58.23 to $45.08. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine straight trading days, rising 8.6% (+$5.13). It saw one of its worst periods between May 31, 2011 and June 13, 2011 when shares fell for 10 straight trading days, falling 9.5% (-$5.92).

Shares of Covanta Holding Corporation (NYSE:CVA) are trading at $16.07, down 6 cents (-0.4%) from the previous close of $16.14. Covanta Holding Corporation is a developer, owner and operator of infrastructure for the conversion of waste to energy known as ‘energy-from-waste’, as well as other waste disposal and renewable energy production businesses in the Americas, Europe & Asia.

Stock Price Performance: From August 9, 2011, to September 7, 2011, the stock price had risen $1.22 (8.2%) from $14.92 to $16.14. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 8, 2011 when shares rose for 10 straight trading days, rising 6.2% (+$1). It saw one of its worst periods between April 6, 2011 and April 19, 2011 when shares fell for 10 straight trading days, falling 6.8% (-$1.19).

 

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