Shares of utility and power generation companies traded modestly higher Wednesday, while the broader market was mixed after government report on factory orders, which helps give a picture of how higher energy prices are affecting customer demand, showed a modest 0.6 percent gain in May, in line with expectations.
The Standard & Poor's 500 index climbed 6.16, or 0.48 percent, to 1,291.07, despite higher oil prices.
Here is how some utilities are trading:
Progress Energy Inc. rose 39 cents to $42.08.
Duke Energy Corp. gained 20 cents to $17.47.
Dominion Resources added 79 cents to $48.47.
NRG Energy Inc. edged up 19 cents to $43.54.
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