DividendChannel.com

Tuesday Sector Laggards: Utilities, Energy

By Dividend Channel Staff, Tuesday, March 26, 2:31 PM ET

In afternoon trading on Tuesday, Utilities stocks are the worst performing sector, showing a 0.8% loss. Within the sector, Dominion Energy Inc (NYSE:D) and NextEra Energy Inc (NYSE:NEE) are two large stocks that are lagging, showing a loss of 2.5% and 2.0%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (NYSE:XLU), which is down 0.9% on the day, and up 1.18% year-to-date. Dominion Energy Inc, meanwhile, is up 1.51% year-to-date, and NextEra Energy Inc is up 1.90% year-to-date. Combined, D and NEE make up approximately 18.2% of the underlying holdings of XLU.

The next worst performing sector is the Energy sector, showing a 0.5% loss. Among large Energy stocks, APA Corp (NASDAQ:APA) and Baker Hughes Company (NASDAQ:BKR) are the most notable, showing a loss of 3.8% and 1.2%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is up 0.9% in midday trading, and up 12.11% on a year-to-date basis. APA Corp, meanwhile, is down 6.61% year-to-date, and Baker Hughes Company, is down 3.16% year-to-date. Combined, APA and BKR make up approximately 2.7% of the underlying holdings of XLE.

Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:

Market News Video

Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, five sectors are up on the day, while three sectors are down.

Sector% Change
Services+0.5%
Technology & Communications+0.4%
Consumer Products+0.3%
Financial+0.2%
Industrial+0.1%
Healthcare0.0%
Materials-0.1%
Energy-0.5%
Utilities-0.8%


This Article's Word Cloud:   Among   Baker   Change   Combined   Communications   Company   Comparing   Consumer   Corp   Dividend   Dominion   ETFs   Energy   Financial   Giants   Healthcare   Held   Here   Hughes   Industrial   Materials   NYSE   NextEra   Products   SPDR   Sector   Select   Tuesday   Utilities   afternoon   approximately   basis   date   down   holdings   large   loss   make   meanwhile   performing   respectively   sector   sectors   showing   stocks   trading   underlying   which   worst   year

Tuesday Sector Laggards: Utilities, Energy | www.DividendChannel.com

Copyright © 2010 - 2024, All Rights Reserved Nothing in Dividend Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Dividend Channel; Meet Our Editorial Staff.