Technical Roundup on Gas Utilities Stocks -- National Grid, Atmos Energy, Piedmont Natural Gas, and Avangrid

Sep 21, 2016, 07:20 ET from Chelmsford Park SA

NEW YORK, September 21, 2016 /PRNewswire/ -- has marked the following Gas Utilities equities for assessment this morning: National Grid PLC (NYSE: NGG), Atmos Energy Corp. (NYSE: ATO), Piedmont Natural Gas Co. Inc. (NYSE: PNY), and Avangrid Inc. (NYSE: AGR). These companies belong to the Utilities sector which remains attractive to investors given today's volatile market conditions. Year-to-date, the Dow Jones Utility Average (DJU) has returned 19.6%, compared with the S&P 500's 8.8%. Sign up today and download for free the research reports for the stocks covered today at:

National Grid  

London, UK headquartered National Grid PLC's stock finished Tuesday's session at $70.31, which was a slight drop of 0.16% from the previous session. A total volume of 651,102 shares was traded, which was above their three months average volume of 533,000 shares. The Company's shares gained 3.99% since the start of this year. The stock is trading above its 200-day moving average by 1.13%. Moreover, shares of National Grid, which transmits and distributes electricity and natural gas, have a Relative Strength Index (RSI) of 46.85.

On September 7th, 2016, research firm Bernstein downgraded the Company's stock rating from 'Outperform' to 'Market Perform'.

On September 12th, 2016, Bloomberg reported that National Grid Gas is marketing bonds to refinance older debt as its parent company readies the unit for a potential sale. As per the article, the natural gas distributor is seeking to sell sterling bonds due between five years and 30 years, as well as euro notes with maturities of between six years and 10 years. National Grid intends to sell a majority stake in its gas distribution unit to cut costs and to increase its focus on faster-growing business areas. NGG complete research report is just a click away at:

Atmos Energy  

Shares in Dallas, Texas headquartered Atmos Energy Corp. ended yesterday's session 0.33% lower at $75.20. A total volume of 620,822 shares was traded, which was higher than their three months average volume of 440,630 shares. The stock has gained 0.15% in the past month and 21.40% on an YTD basis. The Company's shares are trading 5.27% above their 200-day moving average. Moreover, shares of Atmos Energy, which together with its subsidiaries, engages in the distribution, transmission, and storage of natural gas in the US, have an RSI of 51.28. The complimentary report on ATO can be downloaded at:

Piedmont Natural Gas  

On Tuesday, Charlotte, North Carolina headquartered Piedmont Natural Gas Co. Inc.'s stock rose 0.02%, to close the day at $60.23. A total volume of 214,575 shares was traded. The Company's shares have advanced 0.58% in the last one month, 0.96% in the previous three months, and 6.84% on an YTD basis. The stock is trading 0.50% above its 50-day moving average and 2.09% above its 200-day moving average. Additionally, shares of Piedmont Natural Gas, which operates in three segments: Regulated Utility, Regulated Non-Utility Activities, and Unregulated Non-Utility Activities, have an RSI of 59.33.

On September 7th, 2016, Piedmont Natural Gas reported a seasonal loss of $6.7 million, or $(0.08) per diluted share for Q3 FY16, compared to a seasonal loss of $8.3 million, or $(0.10) per diluted share, for Q3 FY15. The company's margin for Q3 FY16 was $114.8 million, an increase of $3.2 million from Q3 FY15. Utility interest charges for the Q3 FY16 were $15.7 million compared to $16.7 million for the same period in 2015. Sign up for your complimentary report on PNY at:


Shares in New Gloucester, Maine-based Avangrid Inc. ended the day 0.36% higher at $41.98. A total volume of 222,940 shares was traded. The stock has gained 12.79% since the start of this year. The Company's shares are trading above their 200-day moving average by 4.17%. Furthermore, shares of Avangrid, which operates as a diversified energy and utility company in the US, have an RSI of 47.51.

On September 8th, 2016, research firm Guggenheim initiated a 'Neutral' rating on the Company's stock. Download the research report for free on AGR at:


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