Against the current: Markets slid, yet Exelon Corp, American Electric Power Company Inc, CMS Energy Corp 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 1.44% and ended the session at 3,941.26. Nasdaq slipped 2% and closed at 11,000.
While price action maintains a negative bias, United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of -6.43 million, while the previous figure was -7.85 million.
Despite markets falling yesterday, some utilities stocks managed to go up. Have a look at these top gainers.
Exelon | +2.68% at $42.87
Having set a significant high of $57.95 a month ago, the energy and utility services provider is trading 17.47% lower. So far in 2022, it has performed better than the Nasdaq by 17.48%. The company's market cap is $42.60 billion with an average daily volume of 7.86 million shares. Exelon has a forecast of $5 billion with an EPS of 72 cents.
American Electric Power | +1.96% at $96.37
Pronounced bullish sentiment in the market helped the American electric utility company to make a notable 1.96% gain yesterday, rising $1.85 and ultimately closing at $96.37.
CMS Energy | +1.85% at $61.04
An influx of buyers helped CMC Energy, an energy company focused on US utitlities to end the session higher around $61.04, while establishing a $59.83 to $61.08 session range yesterday. The day's trading volume totalled 1.83 million shares — slightly below the 21-day average of 2 million.