Electric Utilities Stocks Technical Reports -- Southern, Companhia Energetica de Minas Gerais, Hawaiian Electric Industries, and Atlantica Yield

Sep 22, 2016, 05:30 ET from Chelmsford Park SA

NEW YORK, September 22, 2016 /PRNewswire/ --

Companies in the Electric Utilities space are engaged in electricity generation, transmission, and distribution. They are among the most popular stock options for dividend investors due to their stability and above-average dividend yields. Ahead of today's trading session, Stock-Callers.com takes a look at the recent performances of Southern Co. (NYSE: SO), Companhia Energetica de Minas Gerais S.A. (NYSE: CIG), Hawaiian Electric Industries Inc. (NYSE: HE), and Atlantica Yield PLC (NASDAQ: ABY). Download the free research reports on these stocks today:



Atlanta, Georgia headquartered Southern Co.'s stock finished Wednesday's session 1.99% higher at $53.18, with a total trading volume of 4.88 million shares. The Company's shares have advanced 2.27% in the past month, 5.70% over the previous three months, and 17.46% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.82% and 8.09%, respectively. Furthermore, shares of Southern, which together with its subsidiaries, engages in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi, have a Relative Strength Index (RSI) of 58.77.

On September 16th, 2016, Southern Co.'s subsidiary Mississippi Power announced that it has started producing syngas using the second gasifier at the Kemper County energy facility - continuing progress toward the project's commercial operation. The syngas, which is used similarly to natural gas, will produce electricity through the plant's combustion turbines. The company announced on July 15th, 2016 that the project had produced its first syngas, demonstrating the viability of the Transport Integrated Gasification (TRIG™) technology which is being used for the first time at commercial scale at the facility.  See our free and comprehensive research report on SO at:


Companhia Energetica de Minas Gerais  

On Wednesday, shares in Companhia Energetica de Minas Gerais S.A. ended the session at $2.70, jumping 3.05% from the previous session. The stock recorded a trading volume of 3.05 million shares. The Company's shares have surged 48.35% in the previous three months and 95.15% since the start of this year. The stock is trading 40.54% above its 200-day moving average. Moreover, shares of the company, which is a state-controlled mixed capital company organized in Minas Gerais, Brazil, have an RSI of 50.54.

On September 16th, 2016, Reuters reported that Cia Energética de Minas Gerais is currently in advanced talks with potential partners with which it would share control of electricity distributor Light SA, Chief Executive Officer Mauro Borges said. As per the article, several banks that form part of an investment vehicle called Parati SA and shares control of Light with Cia Energética de Minas Gerais exercised a put option to exit the partnership. As a result, the company has spearheaded talks to find potential investors willing to replace the banks in Parati. CIG free research report PDF is just a click away at:


Hawaiian Electric Industries  

Honolulu, Hawaii headquartered Hawaiian Electric Industries Inc.'s stock ended yesterday's session 2.05% higher at $30.87, with a total trading volume of 361,166 shares. The Company's shares have advanced 2.63% in the past month and 9.91% on an YTD basis. The stock is trading 1.81% and 1.31% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Hawaiian Electric Industries, which through its subsidiaries, engages in the electric utility and banking businesses primarily in the State of Hawaii, have an RSI of 59.14.

On September 19th, 2016, Hawai'i Electric Light proposed the first increase of base rates in nearly six years to help pay for operating costs, including expanded vegetation management focusing on albizia tree removal, as well as system upgrades to increase reliability, improve customer service and integrate more renewable energy. The request is for a 6.5% increase in revenues, or $19.3 million. The company stated that if approved, a typical residential bill for 500 kilowatt hours on Hawaii Island would increase by $9.31 a month to $171.16. The proposed rate change will be reviewed by regulators and would likely not take effect until the summer of 2017 at the earliest. Sign up for your complimentary report on HE at:


Atlantica Yield  

At the close on Wednesday, shares in Brentford, the UK-based Atlantica Yield PLC recorded a trading volume of 299,254 shares. The stock finished 0.82% higher at $18.41. The Company's shares have gained 3.05% in the previous three months. The stock is trading above its 200-day moving average by 4.55%. Furthermore, shares of Atlantica Yield, which owns a portfolio of contracted renewable energy, power generation, electric transmission, and water assets in North America, South America, and EMEA, have an RSI of 39.99. Register for free on Stock-Callers.com and download the latest research report on ABY at:



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