NEW YORK, September 6, 2016 /PRNewswire/ --
Companies in the Diversified Utilities space are engaged in the generation, transmission, and distribution of resources, such as electricity, natural gas, steam, and water, to residential, commercial, and industrial consumers. Stock-Callers.com now takes a look at today's featured companies: NiSource Inc. (NYSE: NI), Eversource Energy (NYSE: ES), Westar Energy Inc. (NYSE: WR), and Pattern Energy Group Inc. (NASDAQ: PEGI). Learn more about these stocks by downloading their comprehensive and free reports at:
Merrillville, Indiana headquartered NiSource Inc.'s shares finished Friday's session 1.26% higher at $24.13, with a total volume of 2.06 million shares traded. The stock has gained 26.26% on an YTD basis. The Company's shares are trading above their 200-day moving average by 7.03%. Moreover, shares of NiSource, which provides natural gas, electricity, and other products and services in the US, have a Relative Strength Index (RSI) of 38.93.
On August 9th, 2016, the Board of Directors of NiSource declared a quarterly common dividend payment of $0.16 per share, payable on November 18th, 2016, to stockholders of record at the close of business on October 31st, 2016.
On August 19th, 2016, research firm Credit Suisse downgraded the Company's stock rating from 'Neutral' to 'Underperform'. NI complete research report is just a click away and free at:
Shares in Springfield, Massachusetts-based Eversource Energy ended the day 1.46% higher at $54.37. A total volume of 1.62 million shares was traded, which was above their three months average volume of 1.50 million shares. The stock has advanced 8.22% since the start of this year. The Company's shares are trading 0.63% below their 200-day moving average. Moreover, shares of Eversource Energy, which engages in the energy delivery business, have an RSI of 37.06. The complimentary report on ES can be downloaded at:
Topeka, Kansas headquartered Westar Energy Inc.'s shares rose 0.84%, closing the session at $55.25. A total volume of 437,116 shares was traded. The stock has gained 1.69% in the last one month and 32.32% on an YTD basis. The Company's shares are trading 0.15% above their 50-day moving average and 13.23% above their 200-day moving average. Additionally, shares of Westar Energy, which generates, transmits, and distributes electricity in Kansas, have an RSI of 58.64.
On August 25th, 2016, Great Plains Energy Inc., the parent company of KCP&L, and Westar Energy, each announced special meetings on September 26th, 2016, for their respective shareholders to vote on the companies' proposed transaction. On May 31st, 2016, Great Plains Energy announced a definitive agreement to acquire Westar in a combined cash and stock transaction with an enterprise value of approximately $12.2 billion, including total equity value of approximately $8.6 billion. Upon closing, Westar will become a wholly owned subsidiary of Great Plains Energy. Sign up for your complimentary research report on WR at:
Pattern Energy Group
On Friday, shares in San Francisco, California headquartered Pattern Energy Group Inc. closed the session 1.68% higher at $24.27, with a total volume of 797,591 shares traded. The stock has gained 0.91% in the last month, 11.20% over the previous three months, and 20.66% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 2.56% and 21.88%, respectively. Furthermore, shares of Pattern Energy Group, which operates as an independent power company that owns and operates power projects in the US, Canada, and Chile, have an RSI of 58.15.
On August 22nd, 2016, the company announced that in connection with the recently completed public offering on August 12th, 2016 of its Class A common stock, par value US$0.01 per share, the underwriters have partially exercised their over-allotment option and purchased today an additional 1,300,000 shares of Class A Common Stock on the same terms and conditions as the Equity Offering. Aggregate gross proceeds of the Equity Offering, including the proceeds of the over-allotment option, are approximately US$270 million. Get free access to your research report on PEGI at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: firstname.lastname@example.org Phone number: +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA