Technical Roundup on Utilities Stocks -- SCANA, Pinnacle West Capital, NRG Yield, and CPFL Energia

Sep 06, 2016, 08:15 ET from Chelmsford Park SA

NEW YORK, September 6, 2016 /PRNewswire/ --

Operators in the Utilities space are involved in the production and delivery of electric power, natural gas, water, and other utility services, such as steam and cooled air. Today, assesses four equities in this sector: SCANA Corp. (NYSE: SCG), Pinnacle West Capital Corp. (NYSE: PNW), NRG Yield Inc. (NYSE: NYLD), and CPFL Energia S.A. (NYSE: CPL). Sign up today and download for free the research reports for the stocks covered today at:


Last Friday, Cayce, South Carolina-based SCANA Corp.'s shares recorded a trading volume of 968,967 shares, which was above their three months average volume of 822,800 shares. The stock ended the session 2.34% higher at $71.65. The Company's shares have gained 1.76% over the previous three months and 20.47% on an YTD basis. The stock is trading 7.07% above its 200-day moving average. Moreover, shares of SCANA, which through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina, have an RSI of 46.60.

On August 30th, South Carolina Electric & Gas Co, principal subsidiary of SCANA, along with Santee Cooper, the co-owner, placed the reactor vessel in the containment building of V.C. Summer Unit 2. This is the first reactor vessel to be set at a new nuclear plant in the U.S. in more than 30 years. SCG complete research report is just a click away at:

Pinnacle West Capital  

Phoenix, Arizona headquartered Pinnacle West Capital Corp.'s shares recorded a trading volume of 693,386 shares, which was higher than their three months average volume of 685,320 shares. The stock finished the trading session 1.68% higher at $76.07. The Company's shares have gained 1.89% over the previous three months and 21.14% since the start of this year. The stock is trading above its 200-day moving average by 7.50%. Furthermore, shares of Pinnacle West Capital, which through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the State of Arizona, have a Relative Strength Index (RSI) of 45.20.

On August 30th, 2016, research firm Williams Capital Group reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $58 a share to $79 a share.

As per notes filed with the SEC, on August 31st, 2016, Pinnacle West Capital entered into a 364-day unsecured revolving credit facility with The Bank of Tokyo-Mitsubishi UFJ, Ltd., as Agent and Issuing Bank, and JPMorgan Chase Bank, N.A., as Syndication Agent, allowing Pinnacle West to borrow, repay and reborrow, from time to time, up to $75 million through August 30, 2017. Borrowings under the facility will bear interest at LIBOR plus 0.80% per annum. The complimentary report on PNW can be downloaded at:

NRG Yield  

Princeton, New Jersey headquartered NRG Yield Inc.'s stock ended the day 2.11% higher at $17.46 and with a total volume of 358,666 shares traded. The Company's shares have gained 10.91% in the previous three months and 23.88% on an YTD basis. The stock is trading 4.92% above its 50-day moving average and 21.23% above its 200-day moving average. Additionally, shares of NRG Yield, which through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the US, have an RSI of 59.49.

On August 10th, 2016, research firm Avondale downgraded the Company's stock rating from 'Market Outperform' to 'Market Perform'.

On August 19th, 2016, NRG Yield Operating LLC, a subsidiary of NRG Yield, announced that it has closed its previously announced offering of $350.0 million in aggregate principal amount of senior 5.000% notes due 2026. Sign up for your complimentary report on NYLD at:

CPFL Energia  

Shares in Sao Paulo, Brazil headquartered CPFL Energia S.A. recorded a trading volume of 210,787 shares and ended Friday's session 1.80% higher at $14.69. The stock has advanced 4.26% in the last month, 35.77% over the previous three months, and 105.02% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 6.69% and 42.31%, respectively. Furthermore, shares of CPFL Energia, which together with its subsidiaries, generates, transmits, distributes, and commercializes electricity to industrial, residential, commercial, rural, and other consumers; and provides energy-related services in Brazil, have an RSI of 63.91.

On August 13th, 2016, Bloomberg reported that State Grid Corp. of China reached a deal to gain control of Brazil's CPFL Energia, after two major shareholders agreed to sell the Chinese company their stakes in the $7.3 billion utility.  According to the article, Bonaire Participacoes and Banco do Brasil SA's pension fund, known as Previ, have given informal approval to sell their combined 44.5% stake in CPFL for 25 reais a share. Download the research report for free on CPL at:


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