NEW YORK, October 27, 2016 /PRNewswire/ --
Focus is shifted on the Gas Utilities space which provides services connected to pipeline transmission, distribution, and delivery of natural gas. As per a report by Plunkett Research, natural gas utilities are expected to reach $118,343 billion by 2023. This morning, Stock-Callers.com has initiated reports coverage on CenterPoint Energy Inc. (NYSE: CNP), National Grid PLC (NYSE: NGG), Atmos Energy Corp. (NYSE: ATO), and New Jersey Resources Corp. (NYSE: NJR). These stocks research reports can be downloaded now by simply registering for free at:
Houston, Texas headquartered CenterPoint Energy Inc.'s stock finished Wednesday's session 0.04% lower at $22.66 with a total trading volume of 2.20 million shares. The Company's shares have advanced 28.11% on an YTD basis. The stock is trading above its 200-day moving average by 6.12%. Furthermore, shares of CenterPoint Energy, which operates as a public utility holding company in the US, have a Relative Strength Index (RSI) of 49.64.
On October 26th, 2016, CenterPoint Energy's Board of Directors appointed John W. Somerhalder II as a director. Somerhalder is expected to stand for election at the company's annual meeting in April 2017. Prior to retiring in 2015 from AGL Resources Inc., a former publicly traded energy services holding company, which was acquired by Southern Company, whose principal business is the distribution of natural gas, he served as chairman, president and chief executive officer. He currently serves as a director of Crestwood Equity GP LLC, the general partner of Crestwood Equity Partners L.P. Your complete research report on CNP can be retrieved for free at:
On Wednesday, shares in London, UK headquartered National Grid PLC ended the session at $64.65, down 0.08%. The stock recorded a trading volume of 349,394 shares. The Company's shares are trading 6.57% below their 50-day moving average. Moreover, shares of National Grid, which transmits and distributes electricity and natural gas, have an RSI of 32.53.
On October 14th, 2016, Bloomberg reported that National Grid has selected a consortium of investors that includes Allianz SE and the infrastructure arm of Australian investment bank Macquarie Group Ltd. as potential bidders for its U.K. gas distribution business. As per the article, two separate groups of Chinese investors, including one led by Fosun International Ltd. and another by China Resources Gas Group Ltd., have also been invited to make final bids for the assets by the November deadline. NGG free report is just a click away at:
Dallas, Texas headquartered Atmos Energy Corp.'s stock ended yesterday's session 0.33% higher at $72.38 with a total trading volume of 224,778 shares. The Company's shares have advanced 16.84% since the start of this year. The stock is trading 0.76% below its 200-day moving average. Additionally, shares of Atmos Energy, which together with its subsidiaries, engages in the distribution, transmission, and storage of natural gas in the US, have an RSI of 49.19.
As per notes filed with the SEC on October 11th, 2016, Atmos Energy entered into the First Amendment to Revolving Credit Agreement on October 5th, 2016, with Credit Agricole Corporate and Investment Bank as Administrative Agent, Mizuho Bank, Ltd. and JPMorgan Chase Bank, National Association as co-syndication agents and a syndicate of 17 lenders identified therein, which amends the Company's existing Revolving Credit Agreement dated September 25th, 2015. The primary changes to Facility, were to (i) extend the expiration date of the Facility for one (1) additional year to September 25th, 2021, (ii) increase the committed loan amount from $1,250,000,000 to $1,500,000,000 and (iii) retain the $250,000,000 accordion feature (allowing for an increase in the total committed loan amount to $1,750,000,000). Sign up for your complimentary research report on ATO at:
New Jersey Resources
At the close on Wednesday, shares in Wall, New Jersey-based New Jersey Resources Corp. recorded a trading volume of 430,697 shares. The stock finished 0.30% lower at $33.20. The Company's shares have gained 2.86% on an YTD basis. The stock is trading below its 50-day moving average by 0.07%. Furthermore, shares of New Jersey Resources, which provides regulated gas distribution, and retail and wholesale energy services, have an RSI of 53.34.
On October 14th, 2016, New Jersey Resources announced that its Q4 FY16 and FY16 webcast will be moved from its previously announced date of November 22nd, 2016, to November 17th, 2016. The time of the webcast remains at 10 a.m. EST. Register for free on Stock-Callers.com and download the latest research report on NJR at:
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