Utilities Stocks Technical Reports -- Exelon, NRG Energy, Public Service Enterprise, and Cosan
NEW YORK, October 27, 2016 /PRNewswire/ --
Stock-Callers.com takes a look at the Diversified Utilities space, which is engaged in the generation, transmission, and distribution of a wide array of utilities such as electricity, natural gas, steam, and water. Equities to assess are Exelon Corp. (NYSE: EXC), NRG Energy Inc. (NYSE: NRG), Public Service Enterprise Group Inc. (NYSE: PEG), and Cosan Ltd (NYSE: CZZ). Download the free research reports on these stocks today:
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Exelon
Chicago, Illinois headquartered Exelon Corp.'s shares rose 1.09% and finished Wednesday's trading session at $33.26. A total volume of 5.79 million shares was traded, which was above their three months average volume of 4.70 million shares. Since the start of this year, the stock has advanced 23.15%. The Company's shares are trading below their 200-day moving average by 0.72%. Moreover, shares of Exelon, which engages in the energy generation and delivery businesses in the US and Canada, have a Relative Strength Index (RSI) of 52.61.
On October 13th, 2016, research firm UBS reiterated its 'Neutral' rating on the Company's stock with a decrease of the target price from $38 a share to $33 a share.
On October 26th, 2016, Exelon reported that its GAAP net income decreased to $0.53 per share in Q3 2016 from $0.69 per share in Q3 2015. Exelon's adjusted operating earnings increased to $0.91 per share in the reported quarter from $0.83 per share in Q3 2015. Exelon's operating company, ComEd, reported Q3 2016 net income of $37 million compared with $149 million in Q3 2015. Its PECO unit, which consists of electricity transmission and distribution operations and retail natural gas distribution operations in Southeastern Pennsylvania, reported net income of $122 million for Q3 2016 compared with $90 million in Q3 2015. See our free and comprehensive research report on EXC at:
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NRG Energy
On Wednesday, shares in Princeton, New Jersey headquartered NRG Energy Inc. recorded a trading volume of 7.67 million shares, which was above their three months average volume of 4.67 million shares. The stock ended the session 3.84% lower at $10.53. The Company's shares are trading 9.53% below their 50-day moving average. Furthermore, shares of NRG Energy, which together with its subsidiaries, operates as a power company, have an RSI of 37.54.
On October 19th, 2016, NRG Energy announced that its Board of Directors declared a quarterly dividend on its common stock of $0.03 per share, or $0.12 per share on an annualized basis. The dividend is payable on November 15th, 2016 to stockholders of record as of November 1st, 2016. NRG free research report PDF is just a click away at:
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Public Service Enterprise Group
Shares in Newark, New Jersey headquartered Public Service Enterprise Group Inc. closed the day at $41.22, rising 0.12%. The stock recorded a trading volume of 1.92 million shares. The Company's shares have gained 9.55% on an YTD basis, and are trading 2.11% below their 50-day moving average. Additionally, shares of Public Service Enterprise Group, which through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic US, have an RSI of 46.18.
On October 17th, 2016, research firm Goldman upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On October 20th, 2016, the company announced that it has named Federal Energy Regulatory Commission (FERC) Chief of Staff Larry Gasteiger, chief, federal regulatory policy. Gasteiger will report to Tamara Linde, PSEG's executive vice president and general counsel. Gasteiger will join PSEG in late October. Gasteiger served as Chief of Staff at FERC, having 19-year tenure there, holding a variety of leadership roles. Sign up for your complimentary report on PEG at:
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Cosan
At the closing bell yesterday, shares in Sao Paulo, Brazil-based Cosan Ltd ended 0.66% lower at $9.05. A total volume of 2.42 million shares was traded, which was above their three months average volume of 1.81 million shares. The stock has surged 31.35% in the last one month, 40.53% in the previous three months, and 149.24% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 22.13% and 62.38%, respectively. Furthermore, shares of Cosan, which together with its subsidiaries, engages in piped natural gas, Logistics service, agricultural land, lubricant, sugar and ethanol, and fuel businesses primarily in Brazil and internationally, have an RSI of 75.01.
On September 30th, 2016, Cosan entered into a Share Purchase Agreement with Mansilla Participações Ltda., through which it undertook to sell 3,468,696 shares issued by Radar Propriedades Agrícolas S.A., representing 16.41% of the capital stock of Radar, and 515,059,188 shares issued by Radar II Propriedades Agrícolas S.A., representing 62% of the capital stock of Radar II.
On October 07th, 2016, research firm Standpoint Research downgraded the Company's stock rating from 'Buy' to 'Hold'. Register for free on Stock-Callers.com and download the latest research report on CZZ at:
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