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April 27, 2023
Off to the races! Markets are off to a great start this session; DTE Energy has already added 1.9% to lead the way for utilities stocks
The leading indices are showing gains — Nasdaq up to 11,970, gaining 0.98%. S&P 500 up 0.69%, trading at 4,084.
Today's rise takes place amid mixed market indicators — GDP in United States fell short of market expectations (two) with a reading of 1.1, continuing the decline from the previous figure of 2.6.
Here are the biggest utilities stocks gainers so far today.
+1.64%: CMS Energy is up 1.64%, trades at $62.73
After closing the previous trading day at $61.72, CMS Energy is up to $62.73, which makes for a move of 1.64%/$1 today. CMS Energy's market cap is currently $18.30 billion with an average daily volume of 1.95 million shares. So far this year, it has been under-performing the S&P by 10.78%.
CMS Energy trades at $62.73 ahead of quarterly performance report which is scheduled to be released Monday.
+1.9%: DTE Energy rallies to $115.12
After closing the previous trading day at $112.97, DTE Energy is up to $115.12, which makes for a move of 1.9%/$2.15 today. DTE Energy is currently trading with a market cap of $23.73 billion with an average daily volume of 1.14 million shares. So far this year, it has been under-performing the S&P by 11.78%.
After three days of going down, Korea Electric Power is up 1.6% today
After closing the previous trading day at $6.87, Korea Electric Power is up to $7, which makes for a move of 1.6%/13 cents today. South Korea's largest electric utility company's market cap currently stands at $8.96 billion with an average daily volume of 249,055 shares. So far this year, it has been under-performing the Nasdaq by 23.85%.
