NEW YORK, November 9, 2016 /PRNewswire/ --
Stock-Callers.com today has lined up four Electric Utilities equities for assessment which are: FirstEnergy Corp. (NYSE: FE), Great Plains Energy Inc. (NYSE: GXP), Dominion Resources Inc. (NYSE: D), and PG&E Corp. (NYSE: PCG). These companies belong to the Utilities sector which has received an "Under Perform" rating from research firm Charles Schwab on October 27, 2016 due to an accelerating U.S. economy and increased expectations of a Fed hike in December. Download the free research reports on these stocks today:
Shares in Akron, Ohio-based FirstEnergy Corp. ended Tuesday's session at $34.50, rising 0.26% from the previous trading session. The stock recorded a trading volume of 4.32 million shares, above its three months average volume of 4.06 million shares. The Company's shares have gained 9.92% in the last one month, 6.62% in the previous three months, and 13.56% on an YTD basis. The stock is trading 5.59% and 4.23% above its 50-day and 200-day moving averages, respectively. Moreover, shares of FirstEnergy, which through its subsidiaries, generates, transmits, and distributes electricity in the US, have a Relative Strength Index (RSI) of 66.89.
On October 25th, 2016, research firm Deutsche Bank upgraded the Company's stock rating from 'Hold' to 'Buy'. The research firm also revised downwards its previous target price from $38 to $37.
On November 04th, 2016, FirstEnergy reported Q3 2016 GAAP earnings of $380 million, or $0.89 per basic and diluted share of common stock, on revenue of $3.9 billion. Operating (non-GAAP) earnings for Q3 2016 were $0.90 per basic share of common stock. These results compared to Q3 2015 GAAP earnings of $395 million, or $0.94 per basic share of common stock ($0.93 diluted), on revenue of $4.1 billion. Operating (non-GAAP) earnings for Q3 2015 were $0.98 per basic share of common stock. See our free and comprehensive research report on FE at:
Great Plains Energy
Kansas City, Missouri headquartered Great Plains Energy Inc.'s stock climbed 1.96%, closing the day at $28.60, with a total trading volume of 3.40 million shares. The Company's shares have advanced 5.50% in the last month, 1.58% over the previous three months, and 7.59% since the start of this year. The stock is trading 4.46% above its 50-day moving average. Additionally, shares of Great Plains Energy, which through its subsidiaries, generates, transmits, distributes, and sells electricity in Missouri and Kansas, have an RSI of 63.77.
On October 26th, 2016, research firm Ladenburg Thalmann upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On November 04th, 2016, Great Plains Energy announced Q3 2016 earnings of $132.7 million, or $0.86 per share of average common stock outstanding, compared with Q3 2015 earnings of $126.4 million, or $0.82 per share. The Company also announced it is increasing its FY16 adjusted earnings (non-GAAP) guidance range of $1.65 to $1.80 per share to $1.75 to $1.85 per share. GXP free research report PDF is just a click away at:
On Tuesday, shares in Richmond, Virginia headquartered Dominion Resources Inc. recorded a trading volume of 1.82 million shares. The stock ended the day 1.04% higher at $75.50. The Company's shares have gained 4.54% in the past month, 1.60% in the previous three months, and 14.93% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.93% and 3.98%, respectively. Furthermore, shares of Dominion Resources, which produces and transports energy in the US, have an RSI of 61.88.
On October 31st, 2016, Dominion Midstream Partners, L.P. and Dominion Resources, Inc. announced an agreement in which Dominion Midstream will acquire Questar Pipeline, LLC, from Dominion for consideration of approximately $1.725 billion, including indebtedness of Questar Pipeline as part of the transaction value. The acquisition has an anticipated effective date of December 1st, 2016. Sign up for your complimentary report on D at:
San Francisco, California headquartered PG&E Corp.'s stock gained 1.52%, finishing yesterday's session at $62.02, with a total trading volume of 2.33 million shares. The Company's shares have advanced 4.29% in the last one month and 19.36% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.57% and 3.98%, respectively. Additionally, shares of PG&E, which through its subsidiary, Pacific Gas and Electric Company, 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 59.17.
On November 04th, 2016, PG&E reported Q3 2016 net income available for common shareholders of $388 million, or $0.77 per share, compared to net income available for common shareholders of $307 million, or $0.63 per share, in Q3 2015. PG&E adjusted its previously issued guidance for projected FY16 GAAP earnings to the range of $2.79 to $3.05 per share. Register for free on Stock-Callers.com and download the latest research report on PCG at:
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