Aqua America and 4 Utilities Stocks Falling on Wall Street: SBS, ITC, EGN, WTR, ATO

Through most of the trading day on Friday, October 7, 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.

Shares of Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP (NYSE:SBS) are trading at $50.03, down 88 cents (-1.7%) from the previous close of $50.90. Companhia de Saneamento Basico is engaged in the provision of basic and environmental sanitation services. The company supplies treated water on a wholesale basis and provides sewage treatment services to six municipalities of the Greater Sao Paulo Metropolitan Area.

Stock Price Performance: From July 13, 2011, to October 6, 2011, the stock price had fallen $8.46 (-14.3%) from $59.36 to $50.90. The stock price saw one of its best stretches over the last year between July 14, 2011 and July 26, 2011 when shares rose for nine straight trading days, rising 5.5% (+$3.20). It saw one of its worst periods between September 16, 2011 and September 23, 2011 when shares fell for six straight trading days, falling 12.1% (-$6.56).

ITC Holdings Corp. (NYSE:ITC) is one of the sector losers in price. Its shares are trading at $70.60, down $3.41 (-4.1%) from the previous close of $73.65. ITC Holdings is engaged in the transmission of electricity in the United States. Its business consists of the operations of its Regulated Operating Subsidiaries, ITC Transmission, METC and ITC midwest.

Stock Price Performance: From August 10, 2011, to October 6, 2011, the stock price had risen $6.20 (9.2%) from $67.45 to $73.65. The stock price saw one of its best stretches over the last year between December 30, 2010 and January 11, 2011 when shares rose for nine straight trading days, rising 5.4% (+$3.31). It saw one of its worst periods between July 22, 2011 and July 29, 2011 when shares fell for six straight trading days, falling 2.8% (-$1.98).

Energen Corporation (NYSE:EGN) is among the price losers in the sector as its stock price is $42.96, down 77 cents (-1.8%) from the previous close of $43.74. Energen is engaged in the development, acquisition, exploration, and production of oil, natural gas, and natural gas liquids in the continental U.S. and in the purchase, distribution, and sale of natural gas in central and north Alabama.

Stock Price Performance: From July 13, 2011, to October 6, 2011, the stock price had fallen $13.22 (-23.2%) from $56.96 to $43.74. 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).

Aqua America, Inc. (NYSE:WTR) is among the price losers in the sector. Its shares are trading at $20.99, which is 33 cents (-1.7%) below the previous close of $21.35. Aqua America provides water or wastewater services to approximately three million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, New York, Florida, Indiana, Virginia, Maine, Missouri, South Carolina, and Georgia.

Stock Price Performance: From August 10, 2011, to October 6, 2011, the stock price had risen $1.29 (6.4%) from $20.06 to $21.35. It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven straight trading days, falling 5.6% (-$1.24). The stock price saw one of its best stretches over the last year between November 16, 2010 and November 26, 2010 when shares rose for eight straight trading days, rising 4.9% (+99 cents).

Atmos Energy Corporation (NYSE:ATO) stocks are trading at $31.98. This is 49 cents (-1.6%) below the previous close of $32.49, making the company one of the biggest price losers in the sector today. Atmos Energy is engaged in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses.

Stock Price Performance: From August 10, 2011, to October 6, 2011, the stock price had risen $2.84 (9.6%) from $29.65 to $32.49. It saw one of its worst periods between May 31, 2011 and June 7, 2011 when shares fell for six straight trading days, falling 4.8% (-$1.59). The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011 when shares rose for seven straight trading days, rising 4.9% (+$1.57).