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Wednesday Sector Laggards: Energy, Utilities

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The worst performing sector as of midday Wednesday is the Energy sector, showing a 1.5% loss. Within that group, Schlumberger Ltd (Symbol: SLB) and Targa Resources Corp (Symbol: TRGP) are two large stocks that are lagging, showing a loss of 3.3% and 2.9%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 1.5% on the day, and up 11.16% year-to-date. Schlumberger Ltd, meanwhile, is down 9.74% year-to-date, and Targa Resources Corp is up 33.60% year-to-date. Combined, SLB and TRGP make up approximately 5.8% of the underlying holdings of XLE.

The next worst performing sector is the Utilities sector, showing a 0.8% loss. Among large Utilities stocks, NRG Energy Inc (Symbol: NRG) and WEC Energy Group Inc (Symbol: WEC) are the most notable, showing a loss of 2.9% and 2.3%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 0.7% in midday trading, and up 15.08% on a year-to-date basis. NRG Energy Inc, meanwhile, is up 57.49% year-to-date, and WEC Energy Group Inc is up 0.14% year-to-date. Combined, NRG and WEC make up approximately 4.0% of the underlying holdings of XLU.

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:

Dividend Channel

Here’s a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, two sectors are up on the day, while six sectors are down.

Sector % Change
Technology & Communications +0.9%
Healthcare +0.3%
Industrial 0.0%
Financial -0.1%
Consumer Products -0.5%
Materials -0.6%
Services -0.7%
Utilities -0.8%
Energy -1.5%

nslideshow 25 Dividend Giants Widely Held By ETFs »

Also see:

• CI Next Dividend Date
• Funds Holding ACND
• GA Options Chain

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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