Electric Utilities' Stocks Under Review -- Southern, AES Corp., CompanhiaEnergetica de Minas Gerais, and FirstEnergy

Jul 27, 2016, 07:40 ET from Chelmsford Park SA

NEW YORK, July 27, 2016 /PRNewswire/ --

Stock-Callers.com this morning has issued notes on four Electric Utilities stocks, namely: Southern Co. (NYSE: SO), The AES Corp. (NYSE: AES), Companhia Energetica de Minas Gerais S.A. (NYSE: CIG), and FirstEnergy Corp. (NYSE: FE). Huge demand growth continues to drive the sector; however, systems-maintenance costs and increased competition remain its biggest threats. Let us look at the recent performances of today's featured companies. Learn more about these stocks by accessing their freenotes at:



Atlanta, Georgiaheadquartered The Southern Co.'s shares fell 0.17%, closing Tuesday's trading session at $54.45. The stock recorded a trading volume of 6.10 million shares, which was above its three months average volume of 5.60 million shares. The Company's shares have advanced 6.37% in the last month, 11.92% in the previous three months, and 18.99% on an YTD basis. The stock is trading 5.92% above its 50-day moving average and 13.52% above its 200-day moving average. Additionally, 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 68.02.

On July 01st, 2016 Southern and AGL Resources announced the completion of a merger. After the merger Southern is now the second-largest utility company in the U.S. in terms of customer base with 11 regulated electric and natural gas distribution companies providing service to approximately 9 million customers with a projected regulated rate base of approximately $50 billion. Under the terms of the agreement, on July 1st, 2016, each share of AGL Resources common stock was canceled and converted into the right to receive $66.00 in cash, for a total purchase price of approximately $8 billion.

On July 14th, 2016, research firm Barclays upgraded the Company's stock rating from 'Equal Weight' to 'Overweight'. The research firm also revised upwards its previous target price from $59 to $62. Free notes on SO are available at:


The AES Corp. 

On Tuesday, shares in Arlington, Virginia headquartered The AES Corp. recorded a trading volume of 3.24 million shares. The stock saw a slight decline of 0.47%, ending the day at $12.61. The Company's shares have advanced 6.06% in the last month, 13.59% over the previous three months, and 34.67% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.84% and 20.43%, respectively. Furthermore, shares of AES, which operates as a diversified power generation and utility company, have an RSI of 62.50.

On July 12th, 2016, Indianapolis Power & Light Company, a subsidiary of AES, announced that IPL and AES leaders has inaugurated the new IPL Advancion® Energy Storage Array Facility located at the Harding Street Generation Station. The facility is the first grid-scale, battery-based energy storage system to make a footprint in the 15-state Midcontinent Independent System Operation (MISO) region. The complimentary notes on AES can be accessed at:


CompanhiaEnergetica de Minas Gerais 

Belo Horizonte, Brazilheadquartered Companhia Energetica de Minas Gerais S.A.'s stock finished the day 3.04% higher at $2.71, and with a total volume of 4.47 million shares traded. The Company's shares have surged 44.92% in the last one month, 44.73% in the previous three months, and 95.88% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 40.98% and 57.52%, respectively. Additionally, shares of Companhia Energetica de Minas Gerais, which through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil, have an RSI of 68.00. Visit us today and access our complete notes on CIG at:



Shares in Akron, Ohio-based FirstEnergy Corp. ended yesterday's session 1.94% lower at $35.89. The stock recorded a trading volume of 5.96 million shares, which was higher than its three months average volume of 4.10 million shares. The Company's shares have advanced 9.15% in the last one month, 5.49% over the previous three months, and 15.60% since the start of this year. The stock is trading 5.07% above its 50-day moving average and 9.33% above its 200-day moving average. Moreover, shares of FirstEnergy, which through its subsidiaries, generates, transmits, and distributes electricity in the U.S., have an RSI of 58.45.

On July 22nd, 2016, FirstEnergy announced that its FirstEnergy Solutions subsidiary plans to sell or deactivate the 136-megawatt (MW) Bay Shore Unit 1 in Oregon, Ohio, by October 2020. In addition, Units 1-4 of the company's seven-unit W.H. Sammis Plant in Stratton, Ohio - collectively representing 720 MW of capacity - will be retired in May 2020.  Units 5-7 will continue to provide 1,490 MW of reliable base load generation.

Yesterday, research firm Goldman downgraded the Company's stock rating from 'Neutral' to 'Sell'. Get free access to your notes on FEat:



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