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Coal and Electricity Indicators for the Week Ending April 17 (Part 5 of 7) (Continued from Part 4) Utilities stocks follow broader market
After rising marginally during the previous week, the Utilities Select Sector SPDR ETF (XLU) dropped 1.3% during the week ending April 17. The drop came in spite of the drop in Treasury yields across maturities. Utility stocks, especially the highly leveraged ones, are very sensitive to interest rates.
While the drop in Treasury yields signaled diminished interest rate worries, the broader market dropped. The SPDR S&P 500 ETF Trust (SPY) represents the broader market—it dropped 1%. SPY is a key ETF that tracks the S&P 500 benchmark index. The iShares Core S&P 500 (IVV) also tracks the S&P 500.
Dynegy
Dynegy (DYN) was the biggest gainer among the power utilities for the week ending April 17. The stock gained 3.2% to end the week at $32.32 with a market capitalization of $4.1 billion. Most of the gains came in on Wednesday, April 15, on the news that the electricity auctions in Illinois saw the prices scaling up higher. Dynegy has a large generating asset base in Illinois. Many analysts, including those in Barclays and Goldman Sachs (GS), recently gave a “buy” rating on Dynegy.
Other gainers
OGE Energy (OGE) gained 1.9% to end the week at $32.67 with a market capitalization of $6.5 billion.
NRG Energy (NRG) gained 1.6% to end the week at $24.96 with a market capitalization of $8.4 billion.
Centerpoint Energy (CNP) gained 0.7% to end the week at $20.90 with a market capitalization of $9 billion.
Continue to Part 6 Browse this series on Market Realist:
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Dynegy Inc.
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CODE : DYN |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Dynegy est une société de production minière basée aux Etats-Unis D'Amerique. Dynegy est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 4,3 milliards US$ (4,0 milliards €). La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2000 à 90,12 US$, et son plus bas niveau récent le 27 avril 2012 à 0,30 US$. Dynegy possède 131 350 008 actions en circulation. |