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] and S&P [.SPX
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] fell for the third day in a row. The sector has been on a run since hitting a low in early March and has been one of best performing sectors in the past three months. Since its March low, the S&P Utilities Sector is up nearly 10%. Utilities are often seen as a defensive play, with steady cash flows and solid dividends. What is impressive is the fact that this seems to be holding true even with record fossil fuel prices. Rising commodity prices increase the cost of producing electricity and regulated pricing on the transmission and distribution end make it hard (or at least slower) to pass the cost increases onto end customers. Interestingly, it is not the Nuclear leaders (a cheaper alternative to fossil) like Exelon [EXC
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] and Entergy [ETR
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] that have had the biggest gains.
Yesterday's jump was partly driven by the recent slide in crude prices. AES Corp [AES
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] jumped 3.3% followed by PSEG [PEG
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] up 2.9% and Constellation Energy [CEG
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] up 2.7%.
Here are the biggest gainers in the S&P Utilities Sector over the past three months:
- TECO Energy [TE
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] is up 30.6% and boosted its dividend in April
- Nicor [GAS
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] is up 24.9% and has 4.5% dividend yield
- CenterPoint Energy [CNP
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] is up 18.9% and has a 4.4% dividend yield.
- AES [AES
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] is up 18.1% in the past 3 months
- Dynegy [DYN
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] is up 16.6% in the past 3 months
- Vote and suggest your own, and remember--there's a fine line between a hero and a zero.
- If you are lucky enough to have money and the time, this is a great time to see America, says CNBC's Jane Wells.
- What’s powering your microwave, fridge and computer? Part of it is fuel from Russian nuclear weapons. The NYT reports.
- One author sees lessons for you in Disney’s recent Makeover of Mickey Mouse: “Nice” doesn’t always win.
- With 123 years of history, slogans and commercials, Coca-Cola is the most recognized brand on earth.
- The opening of a virtual pet store in “World of Warcraft” could prove a cash bonanza for Activision-Blizzard.
Data is a real-time snapshot *Data is delayed at least 15 minutes