NEW YORK, September 13, 2016 /PRNewswire/ --
Stock-Callers.com shifts its focus on the following Electric Utilities: FirstEnergy Corp. (NYSE: FE), Dominion Resources Inc. (NYSE: D), PG&E Corp. (NYSE: PCG), and American Electric Power Co. Inc. (NYSE: AEP). These stocks belong to the Utilities sector which has rebounded at the start of this month after suffering significantly in August 2016 on rate hike possibilities. Download the free research reports on these stocks today:
Shares in Akron, Ohio-based FirstEnergy Corp. ended Monday's session at $33.28, rising 1.96%. The stock recorded a trading volume of 3.34 million shares. The Company's shares have gained 1.22% in the last one month and 8.36% since the start of this year. The stock is trading 0.89% above its 200-day moving average. Moreover, shares of FirstEnergy, which through its subsidiaries, generates, transmits, and distributes electricity in the US, have a Relative Strength Index (RSI) of 50.89.
On September 1st, 2016, Mon Power, a subsidiary of FirstEnergy, announced that it has completed a new substation and power lines that will provide electric service to a new Marcellus shale gas facility under construction in Doddridge County, West Virginia. The $5 million project was completed in early August and will provide electric service to a new fracking water treatment plant being built near Greenwood. See our free and comprehensive research report on FE at:
Richmond, Virginia headquartered Dominion Resources Inc.'s stock climbed 2.14%, closing the day at $74.05. A total volume of 3.19 million shares was traded, which was above their three months average volume of 2.94 million shares. The Company's shares have advanced 1.85% in the previous three months and 12.72% on an YTD basis. The stock is trading 4.42% above its 200-day moving average. Additionally, shares of Dominion Resources, which produces and transports energy in the US, have an RSI of 45.63.
On August 23rd, 2016, Dominion Resources and Questar Corporation (STR) announced that the Public Service Commission (PSC) of Utah has approved their merger. With the PSC of Utah's action, the final regulatory approval needed to complete the merger is pending with the Wyoming's PSC. The proposed merger would create an integrated energy company serving about 2.5 million electric utility customers and 2.3 million gas utility customers in seven states. The companies expect the transaction to close in 2016 shortly after final regulatory approval is received. D free research report PDF is just a click away at:
On Monday, shares in San Francisco, California headquartered PG&E Corp. recorded a trading volume of 2.92 million shares, which was higher than their three months average volume of 2.85 million shares. The stock ended the day 1.18% higher at $61.55. The Company's shares have advanced 17.54% since the start of this year and are trading above their 200-day moving average by 5.89%. Furthermore, shares of PG&E, which through its subsidiary, Pacific Gas and Electric Co., transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California, have an RSI of 40.03.
On August 18th, 2016, the company announced that it has successfully passed a comprehensive gas safety audit and has been certified to the chemical industry's RC14001® management system standard. The audit reviewed numerous end-to-end safety processes at the company, ultimately approving PG&E as the first utility to secure the certification. Sign up for your complimentary report on PCG at:
American Electric Power
Columbus, Ohio headquartered American Electric Power Co. Inc.'s stock gained 1.57%, finishing yesterday's session at $64.71. A total volume of 2.81 million shares was traded, which was above their three months average volume of 2.32 million shares. The Company's shares have advanced 13.96% on an YTD basis. The stock is trading above its 200-day moving averages by 2.87%. Additionally, shares of American Electric Power, which engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers, have an RSI of 41.57.
On August 17th, 2016, AEP Southwestern Electric Power Company (SWEPCO) announced a Request for Proposals for the purchase of wind energy assets as the company seeks to add more renewable energy to its diverse resource mix. SWEPCO is seeking bids for projects that can be placed in commercial operation by December 31st, 2018. Register for free on Stock-Callers.com and download the latest research report on AEP at:
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