Financial News

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:

http://stock-callers.com/registration

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

--

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer/

CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@stock-callers.com
Phone number:  +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


SOURCE Chelmsford Park SA

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback