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Utilities lag again as group seen benefiting less than others from tax cuts

Published 12/19/2017, 06:17 PM
© Reuters.  Utilities lag again as group seen benefiting less than others from tax cuts
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FXU
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  • Utilities (NYSEARCA:XLU) took it on the chin again today, capping a 5.6% swoon over the past month that lags the S&P's 11 industry groups during the period.
  • Williams Capital analyst Christopher Ellinghaus blames the tax bill for most of the group's woes, saying that while utilities will get a tax cut like everyone else, they are regulated so most will be forced to pass the savings on to consumers in the form of lower power bills.
  • All 10 of the top utility stocks by market cap fell in today's trade: PPL -4.5%, SRE -2.5%, EXC -2.1%, DUK -1.7%, D -1.7%, EIX -1.5%, SO -1.4%, NEE -1.4%, AEP -1.3%, PCG -0.8%.
  • ETFs: XLU, UTG, VPU, GUT, IDU, BUI, FUTY, RYU, UPW, PSCU, FXU, SDP, PUI, FUGAX, JHMU, BUYN, UTLF, XU
  • Now read: Strategy For RIV's Rights Offering (+Comparison With UTG)


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