Opening Glance: Utility company shares open lower

NEW YORK—Shares of utility companies opened lower Tuesday as the broader market fell on weak earnings and more expensive crude oil.

The broader market fell for a second straight session after government-sponsored mortgage company Fannie Mae, homebuilder D.R. Horton Inc. and Swiss bank UBS reported quarterly losses. A new record for crude oil prices also pulled stocks lower.

Here is how some utility shares are trading:

American Electric Power Co. Inc. fell 65 cents to $44.01

Pepco Holdings Inc. fell 64 cents, or 2.5 percent, to $24.97

Consolidated Edison Inc. fell 36 cents to $41.69

Southern Co. fell 41 cents to $36.40.