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Highlights
- Utilities was the best performing sector today among 11 sectors on the ASX.
- It gained more than 1.08% and over 1.76% for the past five days.
- This is in line with S&P/ASX 200 Utilities Index which gained 1.08% today to 7,656.40.
On Monday (4 April 2022), the S&P/ASX200 Index closed higher, gaining 0.27% to 7,513.70. Over the last five days, the index has gained 1.37% but is virtually unchanged over the last year to date.
Six out of 11 sectors ended higher along with the S&P/ASX 200 Index on the same day. Utilities was the best performing sector, gaining more than 1.08% and over 1.76% for the past five days. This is in line with S&P/ASX 200 Utilities Index which gained 1.08% today to 7,656.40.
In this article, we will look at the performance of three utilities companies including APA Group, Origin Energy and AGL Energy.
Image Source: © 2022 Kalkine Media ®
APA Group (ASX:APA)
Australia-based energy infrastructure business APA Group provides gas transmission, gas distribution, asset management and other energy services. The company has a current market capitalisation of AU$12.36 billion.
Stock performance: APA Group's shares ended 0.76% higher today at AU$10.56 per share. With this, the company's shares recorded a 5% growth YTD. However, it provided over 20% returns to its investors in the last six months.
Origin Energy Ltd (ASX:ORG)
Origin Energy is an integrated energy company engaged in energy retailing, power generation and natural gas production businesses in Australia, New Zealand, and other parts of the world.
On 9 March 2022, the energy firm had announced its plans to launch an initial on-market share buyback of AU$250 million.
Stock performance: With a market capitalisation of AU$11.25 billion, Origin Energy's shares last traded at AU$6.43 each today (4 April 2022), up 0.63% on ASX. The company recorded an over 22% growth in its YTD share price and an over 30% hike in the last six months.
Also Read: Origin Energy (ASX:ORG) launches AU$250M buyback; how are shares reacting?
Source: © Kiankhoon | Megapixl.com
AGL Energy Ltd (ASX:AGL)
Energy major AGL Energy operates through three segments, including integrated energy, customer markets, and investments.
On 7 March 2022, the company had informed that it had rejected a fresh revised acquisition bid from the Brookfield consortium.
The consortium led by Brookfield Asset Management Inc had offered to acquire 100% of AGL Energy shares for AU$8.25 per share via a scheme of arrangement.
Stock performance: AGL Energy has a market capitalisation of AU$5.25 billion. The company shares last exchanged hands at AU$8.03 each on ASX today (4 April 2022), up 2.82% from its previous close.
The company has provided over 30% YTD returns to its shareholder and 36% returns in the last six months.
Also Read: From ORG to STO: ASX LNG stocks packing a punch amid supply concerns
