Against the current: Markets slid, yet Essential Utilities, Inc., Evergy Inc, PG&E Corporation went up and made this list of yesterday's top utilities stocks gainers.
Leading equity indices in the US declined as S&P 500 lost 1.58% and ended the session at 4,071.63. After dropping 1.98%, Nasdaq closed at 11,800.
Meanwhile, United States New Home Sales (Mar) released yesterday at 14:00 UTC with a figure of 683,000, while the previous figure was 623,000.
Despite markets falling yesterday, some utilities stocks managed to post gains. Have a look at these Top Gainers.
Evergy | Closed +0.94% at $63.68
The US utilities company is up 14.48% from the significant low of $55.11 it hit 6 months ago. So far this year, it has been under-performing the S&P by 6.28%. The company has a market cap of $14.62 billion with an average daily volume of 1 million shares. Evergy is forecasted to generate revenues of $927.85 million and EPS of 22 cents.
Pacific Gas & Electric gains 0.76%, closes at $17.27 ahead of the quarterly earnings report set for today
Bullish sentiment helped the gas company to hammer out a noteworthy $17.02 to $17.27 range yesterday, and finally closing at $17.27 to end the session. The company is currently trading with a market cap of $39.35 billion with an average daily volume of 15 million shares. So far this year, it has been doing worse than the Nasdaq by 3.48%.
Pacific Gas & Electric is scheduled to announce earnings results today. The consensus EPS estimate is 0.3 and the consensus revenue estimate is $5.89 billion.
+1.36%: Essential Utilities ended yesterday at $43.87, a 1.36% increase
The US water treatment company rallied 1.36% and maintained $43.87. The company's market cap currently stands at $11.60 billion with an average daily trading volume of 1 million shares. So far this year, it has been doing worse than the Nasdaq by 22.73%.