NEW YORK, August 30, 2016 /PRNewswire/ --
Stock-Callers.com has issued research reports on the following Electric Utilities companies: NextEra Energy Inc. (NYSE: NEE), WEC Energy Group Inc. (NYSE: WEC), DTE Energy Co. (NYSE: DTE), and ITC Holdings Corp. (NYSE: ITC). According to the NASDAQ, SPDR Utilities (XLU), which has $7.3 billion in assets, rose 0.7% on midday Monday, August 29, 2016. Register now and get full and free access to our downloadable research reports on these stocks at:
On Monday, shares in Juno Beach, Florida headquartered NextEra Energy Inc. recorded a trading volume of 2.13 million shares, which was above their three months average volume of 1.94 million shares. The stock ended the session 0.59% higher at $122.34. The Company's shares have gained 1.85% in the previous three months and 19.52% since the start of this year. The stock is trading 6.49% above its 200-day moving average. Moreover, shares of NextEra Energy, which through its subsidiaries, generates, transmits, and distributes electric energy in the US and Canada, have a Relative Strength Index (RSI) of 34.94.
On August 29th, 2016, NextEra Energy announced that it has secured access to a broad contingent of leading financial institutions to act as financial advisors related to its previously announced definitive agreement to acquire 100% of the equity of reorganized Energy Future Holdings Corp. ("EFH") and certain of its direct and indirect subsidiaries, including EFH's approximately 80% indirect interest in Oncor Electric Delivery Company LLC. Access our complete research report on NEE for free at:
WEC Energy Group
Milwaukee, Wisconsin headquartered WEC Energy Group Inc.'s stock closed the day 1.11% higher at $60.34 and with a total volume of 1.08 million shares traded. The Company's shares have advanced 1.13% in the previous three months and 20.56% on an YTD basis. The stock is trading 5.99% above its 200-day moving average. Additionally, shares of WEC Energy Group, which through its subsidiaries, generates and distributes electric energy, have an RSI of 38.41.
On August 15th, 2016, Cliffs Natural Resources Inc. announced that its Tilden Mining Company has entered into a new 20-year energy agreement with WEC Energy to provide Tilden mine with a long-term, reliable and affordable source of electrical power in Michigan. Under this agreement WEC Energy Group, through the proposed Upper Michigan Energy Resources Corporation plans to construct, own and operate 170 MW of new natural gas generating capacity across two sites in the Upper Peninsul In a subsequent clarification provided by both companies, WEC Energy Group through its affiliates will fund the entire $255 million investment. The complimentary research report on WEC can be downloaded at:
Shares in Detroit, Michigan-based DTE Energy Co. recorded a trading volume of 845,280 shares. The stock ended yesterday's trading session 1.00% higher at $93.52. The Company's shares have advanced 3.94% in the previous three months and 18.50% since the start of this year. The stock is trading above its 200-day moving average by 6.90%. Furthermore, shares of DTE Energy, which engages in the utility operations, have an RSI of 40.15. Register for free on Stock-Callers.com and get access to the latest PDF format report on DTE at:
Novi, Michigan headquartered ITC Holdings Corp.'s stock finished Monday's session 0.32% lower at $46.05. A total volume of 988,897 shares was traded, which was above their three months average volume of 861,260 shares. The Company's shares have advanced 3.44% over the previous three months and 18.36% since the start of this year. The stock is trading above its 200-day moving average by 9.49%. Additionally, shares of ITC Holdings, which through its subsidiaries, engages in the electric transmission operations in the US, have an RSI of 42.12.
On August 25th, 2016, Fortis Inc. and ITC Holdings announced that the Illinois Commerce Commission has approved its application authorizing Fortis to proceed with its acquisition of ITC. The transaction is expected to close by the end of the year. Fortis and ITC shareholders approved the acquisition at shareholder meetings held on May 5th, 2016 and June 22nd, 2016, respectively. Download your free research report on ITC at:
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