Utilities Stocks on Investors' Radar -- NiSource, Eversource Energy, Westar Energy, and Pattern Energy
NEW YORK, September 6, 2016 /PRNewswire/ --
Companies in the Diversified Utilities space are engaged in the generation, transmission, and distribution of resources, such as electricity, natural gas, steam, and water, to residential, commercial, and industrial consumers. Stock-Callers.com now takes a look at today's featured companies: NiSource Inc. (NYSE: NI), Eversource Energy (NYSE: ES), Westar Energy Inc. (NYSE: WR), and Pattern Energy Group Inc. (NASDAQ: PEGI). Learn more about these stocks by downloading their comprehensive and free reports at:
Merrillville, Indiana headquartered NiSource Inc.'s shares finished Friday's session 1.26% higher at $24.13, with a total volume of 2.06 million shares traded. The stock has gained 26.26% on an YTD basis. The Company's shares are trading above their 200-day moving average by 7.03%. Moreover, shares of NiSource, which provides natural gas, electricity, and other products and services in the US, have a Relative Strength Index (RSI) of 38.93.
On August 9th, 2016, the Board of Directors of NiSource declared a quarterly common dividend payment of $0.16 per share, payable on November 18th, 2016, to stockholders of record at the close of business on October 31st, 2016.
On August 19th, 2016, research firm Credit Suisse downgraded the Company's stock rating from 'Neutral' to 'Underperform'. NI complete research report is just a click away and free at:
Shares in Springfield, Massachusetts-based Eversource Energy ended the day 1.46% higher at $54.37. A total volume of 1.62 million shares was traded, which was above their three months average volume of 1.50 million shares. The stock has advanced 8.22% since the start of this year. The Company's shares are trading 0.63% below their 200-day moving average. Moreover, shares of Eversource Energy, which engages in the energy delivery business, have an RSI of 37.06. The complimentary report on ES can be downloaded at:
Topeka, Kansas headquartered Westar Energy Inc.'s shares rose 0.84%, closing the session at $55.25. A total volume of 437,116 shares was traded. The stock has gained 1.69% in the last one month and 32.32% on an YTD basis. The Company's shares are trading 0.15% above their 50-day moving average and 13.23% above their 200-day moving average. Additionally, shares of Westar Energy, which generates, transmits, and distributes electricity in Kansas, have an RSI of 58.64.
On August 25th, 2016, Great Plains Energy Inc., the parent company of KCP&L, and Westar Energy, each announced special meetings on September 26th, 2016, for their respective shareholders to vote on the companies' proposed transaction. On May 31st, 2016, Great Plains Energy announced a definitive agreement to acquire Westar in a combined cash and stock transaction with an enterprise value of approximately $12.2 billion, including total equity value of approximately $8.6 billion. Upon closing, Westar will become a wholly owned subsidiary of Great Plains Energy. Sign up for your complimentary research report on WR at:
Pattern Energy Group
On Friday, shares in San Francisco, California headquartered Pattern Energy Group Inc. closed the session 1.68% higher at $24.27, with a total volume of 797,591 shares traded. The stock has gained 0.91% in the last month, 11.20% over the previous three months, and 20.66% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 2.56% and 21.88%, respectively. 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 58.15.
On August 22nd, 2016, the company announced that in connection with the recently completed public offering on August 12th, 2016 of its Class A common stock, par value US$0.01 per share, the underwriters have partially exercised their over-allotment option and purchased today an additional 1,300,000 shares of Class A Common Stock on the same terms and conditions as the Equity Offering. Aggregate gross proceeds of the Equity Offering, including the proceeds of the over-allotment option, are approximately US$270 million. Get free access to your research report on PEGI at:
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