El Paso Corp, Edison and 3 Utilities Stocks Rallying Now: PCG, EP, EIX, SBS, EGN

Through early trading on Thursday, October 6, 2011, these stocks are helping the Utilities (NYSE:XLU) sector today. 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.

PG &E Corporation (NYSE:PCG) is one of the top price gainers. Its stock price is $42.48, which is $1.09 (+2.6%) above the previous close of $41.39. PG&E distributes electricity and natural gas, generates electricity, and procures natural gas through Pacific Gas and Electric Company.

Stock Price Performance: From August 8, 2011, to October 4, 2011, the stock price had risen $2.19 (5.6%) from $39.22 to $41.41. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 28, 2011 when shares rose for eight straight trading days, rising 3.6% (+$1.57). It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven straight trading days, falling 3.4% (-$1.43).

El Paso Corporation (NYSE:EP) is among the top price gainers in the sector. Its shares are trading at $18.28, up 36 cents (+2%) from the previous close of $17.92. El Paso is an energy company that provides natural gas and related energy products.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $2.19 (-11.1%) from $19.74 to $17.55. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven straight trading days, rising 5.2% (+$1.02). It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven straight trading days, falling 12.6% (-$2.48).

Edison International (NYSE:EIX) is among the sector price gainers, as its shares are trading at $37.19, up 92 cents (+2.5%) from the previous close of $36.27. Through its subsidiaries, Edison International generates and distributes electric power and invests in infrastructure and energy assets, including renewable energy.

Stock Price Performance: From July 12, 2011, to October 5, 2011, the stock price had fallen $2.22 (-5.8%) from $38.49 to $36.27. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 24, 2011 when shares rose for seven straight trading days, rising 3.6% (+$1.23). It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10 straight trading days, falling 10.7% (-$4.15).

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP (NYSE:SBS) is among the top price gainers in the sector. Its shares are trading at $50.26, up $1.36 (+2.8%) from the previous close of $48.90. 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 11, 2011, to October 4, 2011, the stock price had fallen $10.25 (-17.3%) from $59.27 to $49.02. 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).

Energen Corporation (NYSE:EGN) is among the sector price gainers, as its shares are trading at $43.73, up 69 cents (+1.6%) from the previous close of $43.04. 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 11, 2011, to October 4, 2011, the stock price had fallen $15.75 (-27.8%) from $56.69 to $40.94. 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).

 

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