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Friday's Energy Stocks: Enbridge Energy up 3.75%, outperforms sector

U.S. benchmarks closed with gains on Friday, May 11, while energy indexes finished the week with mixed results.

The Dow Jones Industrial Average grew 0.37% to close the day at 24,831.17, and the S&P 500 rose 0.17% to end at 2,727.72.

In the midstream sector, Enbridge Energy Partners LP units advanced 3.75% to close a light session at $9.68; Williams Cos. Inc. shares climbed 1.69% to close at $27.14 on below-average volume; and Williams Partners LP stock gained 1.30% to finish the day at $37.49, also on below-average volume.

Apache Corp. and Noble Energy Inc. saw their respective share prices decrease after agreeing to anchor Epic Midstream Holdings, LP's 730-mile crude oil pipeline running from the Permian Basin to Corpus Christi, Texas. Apache shares shed 0.55% to wrap the day at $41.41, and Noble Energy stock declined 1.11% to close at $34.86, both on slim volumes.

NGL Energy Partners LP shares shaved off 3.96% to end an average session at $10.90; Range Resources Corp. lost 3.18% to close a slow session at $14.29; and Andeavor Logistics LP gave away 2.74% finishing a brisk session at $44.01.

The S&P 500 Energy Index lost 0.10% closing at 565.28, and the Alerian MLP Index slipped 0.46% finishing at 259.64.

Among major power producers, SunPower Corp. share prices dropped 3.33% to close a roughly average session at $8.71, and Pattern Energy Group Inc. shares shrank 1.78%, finishing at $18.26 on below-average volume.

In the electric and diversified utilities business, DTE Energy Co. shares hiked 1.11% to close a robust session at $102.45, and Dominion Energy Inc. stock ticked up 1.00%, finishing at $64.70.

Algonquin Power & Utilities Corp. shares added 0.61% to finish the day at $9.93 on thin volume after the company reported first-quarter 2018 adjusted EBITDA of $279.2 million, a 45% increase from $192.3 million in the same quarter of 2017.

Another Canada-headquartered utilities holding company, Emera Inc., released its financial results after the market closed on May 10. In trading on May 11, the company's shares spiked 0.57% closing a heavy session at C$40.23 after Emera posted first-quarter adjusted net income of C$202 million, or 87 Canadian cents per basic share, compared to C$152 million, or 72 Canadian cents basic per share, in the year-ago quarter.

The S&P 500 Utilities Index gained 0.20% to close at 255.11.

June natural gas futures lacked direction in the week's closing session, seesawing between modest gains and losses before closing the day in shallow negative territory. The contract settled 0.8 cent lower at $2.806/MMBtu while trading a range from $2.793/MMBtu to $2.818/MMBtu.

Market prices and index values are current as of the time of publication and are subject to change.