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Monday's Energy Stocks: Street ends year on an up note; Energy stocks positive

Major U.S. stock indices ended 2018 on a positive note Monday, Dec. 31, putting a cap on the most tumultuous year in a decade, with geopolitical tensions reigning over investor sentiments for the better part of the year.

The Dow Jones Industrial Average gained 1.15% to wrap at 23,327.46, and the S&P 500 added 0.85%, reaching 2,506.85.

Petroleum distributor Buckeye Partners LP saw its stock rise 4.36% to $28.99. Other major movers in the industry included TC PipeLines LP, Enterprise Products Partners LP, Cabot Oil & Gas Corp. and Dominion Energy Midstream Partners LP.

TC Pipelines stock advanced 5.35% to close a brisk session at $32.12 and Enterprise Products Partners shares climbed 2.97% to finish an average session at $24.59.

Cabot Oil & Gas shares fell 2.61% to $22.35 and Dominion Energy Midstream units slid 2.49% to $18.04, both on above-average volumes.

The S&P 500 Energy Index climbed 0.45% to 424.07, and the Alerian MLP Index rose 1.52% to 222.76.

In the power sector, AES Corp. stock jumped 1.33% to reach $14.46 on slim volume. AES subsidiary Dayton Power and Light Co. filed a plan with Ohio regulators to invest $576 million in grid modernization projects over the next decade.

Pattern Energy Group Inc. shares listed on Nasdaq closed up 1.53% to $18.62 and the stock listed on the Toronto Stock Exchange ticked up 1.52% to C$25.41, both on light volumes. Patricia Bellinger resigned from Pattern Energy's board of directors due to the time constraints of a new role at Harvard University, the company announced. The company appointed Mona Sutphen and Richard Goodman as independent directors

NRG Energy Inc. also saw a 2.54% hike in share price reaching $39.60 in the slow last session of the year.

The S&P 500 Utilities Index added 0.19% to close at 268.61.

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