Morning Research on Exelon, CenterPoint Energy, Public Service Enterprise, and PNM Resources
LONDON, April 18, 2013 /PRNewswire/ --
Utilities are expected to see an increase in capital spending over the next few years as they look to improve their existing infrastructure. Costs are also expected to rise as utilities implement measures to meet new environmental regulations. One positive for utilities, however, has been a sharp decline in natural gas prices. Several electric utilities have switched from coal to natural gas to generate electricity over the past year as prices of natural gas have fallen sharply. Utilities sector ended mostly lower in Wednesday's trading session, tracking losses in the broad market. Among the major movers in the sector included Exelon Corporation (NYSE: EXC), CenterPoint Energy Inc. (NYSE: CNP), Public Service Enterprise Group Inc. (NYSE: PEG), and PNM Resources Inc. (NYSE: PNM), all of which belong to the diversified utilities industry. StockCall has posted free technical research reports on EXC, CNP, PEG, and PNM and these can be accessed by signing up at
http://www.stockcall.com/analysis
Exelon Corporation shares edged higher on Wednesday; however, the gains were limited. The stock closed 0.19% higher at $36.07 on above average volume of 5.71 million. Exelon's shares have gained more than 23.30% so far in 2013, easily outperforming the broad market. The stock also has a high dividend yield of 5.82%. Exelon's shares have seen a series of highs over the last two months. However, the stock's MACD has just slipped below the signal line, which indicates that the bullish trend may have come to an end. Download the free report on EXC upon registration at
http://www.StockCall.com/EXC041813.pdf
CenterPoint Energy Inc.'s shares fell sharply yesterday, tracking losses in the broad market. The stock traded between $23.42 and $23.84 before finishing the day 1.17% lower at $23.57 volume of 3.47 million. Despite the pullback, CenterPoint's shares are trading close to their 52-week high of $24.26. Year-to-date, the stock has gained more than 23.60%, outperforming the S&P 500. However, technical indicators for the company suggest that market sentiment has turned bearish on the stock. CNP technical report can be accessed for free by signing up at
http://www.StockCall.com/CNP041813.pdf
PNM Resources Inc.'s shares fell on Wednesday, extending their losses for the week. The stock ended the day 1.02% lower at $22.91 on above average volume of 491,780, taking its losses in the last three trading sessions to over 3.30%. Despite the sharp losses this week, PNM Resources shares are trading close to their 52-week high of $23.81. The stock has gained more than 12.50% so far in 2013, compared to a gain of over 8.80% for the S&P 500. The company's shares are trading well above their 50-day and 200-day moving averages. The free report on PEG can be downloaded by signing up now at
http://www.StockCall.com/PEG041813.pdf
PNM Resources Inc.'s shares fell on Wednesday, extending their losses for the week. The stock ended the day 1.02% lower at $22.91 on above average volume of 491,780, taking its losses in the last three trading sessions to over 3.30%. Despite the sharp losses this week, PNM Resources shares are trading close to their 52-week high of $23.81. The stock has gained more than 12.50% so far in 2013, compared to a gain of over 8.80% for the S&P 500. The company's shares are trading well above their 50-day and 200-day moving averages. Free report on PNM can be accessed by registering at
http://www.StockCall.com/PNM041813.pdf
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