08.02.2017 13:45:00
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Technical Roundup on Utilities Stocks -- NiSource, Eversource Energy, Westar Energy, and Pattern Energy
NEW YORK, February 8, 2017 /PRNewswire/ --
Companies in the Diversified Utilities space provide consumers and businesses with electricity, natural gas, and water. Most are government-sanctioned monopolies that operate without competition in their main service areas. The downside to this industry is that the government, in many cases, also determines how much these utilities can charge their customers. Pre-market, Stock-Callers.com follows the performances of these four stocks: NiSource Inc. (NYSE: NI), Eversource Energy (NYSE: ES), Westar Energy Inc. (NYSE: WR), and Pattern Energy Group Inc. (NASDAQ: PEGI). Sign up today and download for free the research reports for the stocks covered today at:
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NiSource
Merrillville, Indiana headquartered NiSource Inc.'s stock finished Tuesday's session 0.36% lower at $22.16. A total volume of 2.85 million shares was traded, which was above their three months average volume of 2.79 million shares. Over the previous three months and since the start of this year, the Company's shares have advanced 1.09% and 0.09%, respectively. The stock is trading above its 50-day moving average by 0.28%. Moreover, shares of NiSource, which provides natural gas, electricity, and other products and services in the US, have a Relative Strength Index (RSI) of 51.00.
On January 09th, 2017, research firm Guggenheim upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On January 31st, 2017, NiSource announced that Mark Kempic, President of Columbia Gas of Pennsylvania and Columbia Gas of Maryland, will become Chief Transformation Officer, effective February 13, 2017. In this role, Kempic will continue building on and enhancing NiSource's efforts to integrate processes and technology across the Company's seven-state footprint. He will report to NiSource President and CEO Joseph Hamrock and join the Company's Executive Council. NI complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=NI
Eversource Energy
Shares in Springfield, Massachusetts-based Eversource Energy rose 0.18%, ending yesterday's session at $55.78 with a total trading volume of 784,408 shares. The stock has gained 0.94% in the past month, 5.75% in the previous three months, and 1.00% on an YTD basis. The Company's shares are trading 2.85% above their 50-day moving average and 2.03% above their 200-day moving average. Moreover, shares of Eversource Energy, which engages in the energy delivery business, have an RSI of 61.06.
On January 25th, 2017, research firm Credit Suisse initiated a 'Neutral' rating on the Company's stock.
On February 02nd, 2017, Eversource Energy's Board of Trustees approved a quarterly dividend of $0.475 per share, payable on March 31st, 2017, to shareholders of record as of the close of business on March 02nd, 2017. The Company's March 2017 dividend represents a 6.7% increase over the previous quarterly dividend level. The complimentary report on ES can be downloaded at:
http://stock-callers.com/registration/?symbol=ES
Westar Energy
On Tuesday, Topeka, Kansas headquartered Westar Energy Inc.'s stock saw a slight drop of 0.99%, to close the day at $53.86 with a total trading volume of 468,852 shares. The Company's shares are trading 1.80% below their 200-day moving average. Shares of the Company, which generates, transmits, and distributes electricity in Kansas, have an RSI of 27.49.
On February 01st, 2017, Westar Energy announced that it plans to release year end 2016 earnings after market close on February 22nd, 2017. Due to the pending transaction with Great Plains Energy, Westar Energy will no longer host a quarterly webcast and conference call. Sign up for your complimentary report on WR at:
http://stock-callers.com/registration/?symbol=WR
Pattern Energy
Shares in San Francisco, California headquartered Pattern Energy Group Inc. ended the day 1.50% lower at $19.68. A total volume of 1.10 million shares was traded, which was above their three months average volume of 857,580 shares. The stock has gained 0.66% in the last one month and 3.63% since the start of this year. The Company's shares are trading above their 50-day moving average by 1.60%. Furthermore, shares of Pattern Energy Group, which operates as an independent power company that owns and operates power projects in the US, Canada, and Chile, have an RSI of 53.26.
On January 25th, 2017, Pattern Energy announced that it has closed the previously announced offering of US$350 million aggregate principal amount of its 5.875% Senior Notes due 2024 to qualified institutional buyers. The Notes are guaranteed on a senior unsecured basis by Pattern US Finance Company LLC. The Company intends to use approximately US$215 million of the net proceeds from the Offering to partially fund its acquisition of the Broadview project, approximately US$128 million to repay borrowings under its revolving credit facility used to finance the purchase of the Armow project and to pay related fees, expenses and other costs related thereto. Download the research report for free on PEGI at:
http://stock-callers.com/registration/?symbol=PEGI
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