This Morning's Technical Outlook on Electric Utilities Stocks -- Black Hills, Xcel Energy, PG&E, and Calpine
NEW YORK, Dec. 7, 2017 /PRNewswire/ -- In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on BKH, XEL, PCG, and CPN which is a click away at www.wallstequities.com/registration. Perennial demand for electricity and utility services has made the Utility sector a safe haven for investors, as per a Zacks report. Consistent demand enables a smooth flow of cash to utility operators. In today's pre-market research, WallStEquities.com recalls the recent performance of four Electric Utilities companies, particularly: Black Hills Corp. (NYSE: BKH), Xcel Energy Inc. (NYSE: XEL), PG&E Corp. (NYSE: PCG), and Calpine Corp. (NYSE: CPN). With Wall St. Equities' free research reports get an edge over stock markets, sign up now at:
www.wallstequities.com/registration
Black Hills
Rapid City, South Dakota headquartered Black Hills Corp.'s shares gained 0.84%, closing Wednesday's trading session at $57.92. The stock recorded a trading volume of 448,484 shares. The Company's shares are trading 8.65% below their 50-day moving average. Additionally, shares of Black Hills, which through its subsidiaries, operates as a vertically-integrated utility company in the US, have a Relative Strength Index (RSI) of 32.97.
On November 13th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Underperform' to 'Neutral'.
On December 04th, 2017, Black Hills announced that its management team will meet with equity investors at the 2017 Wells Fargo Pipeline, MLP and Utility Symposium on December 07th, 2017, in New York City. A copy of the materials for this meeting will be available under the "Investor Relations" section of the Company's website. Our free and thorough report on BKH awaits you at:
www.wallstequities.com/registration/?symbol=BKH
Xcel Energy
On Wednesday, shares in Minneapolis, Minnesota-based Xcel Energy Inc. recorded a trading volume of 2.07 million shares. The stock rose 0.57%, ending the day at $51.09. The Company's shares have advanced 3.42% in the past month, 2.41% in the previous three months, and 25.53% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.32% and 8.32%, respectively. Furthermore, shares of Xcel Energy, which through its subsidiaries, engages primarily in the generation, purchase, transmission, distribution, and sale of electricity in the US, have an RSI of 59.88. XEL's complimentary research coverage is a few simple steps away at:
www.wallstequities.com/registration/?symbol=XEL
PG&E
San Francisco, California headquartered PG&E Corp.'s stock finished the day 1.01% lower at $53.06 with a total trading volume of 4.28 million shares. Shares of the Company, which through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California, are trading below their 50-day moving average by 10.16%. The stock has an RSI of 30.01.
On December 01st, 2017, Pacific Gas and Electric Company, a subsidiary of PG&E, announced that scholarship applications are now being accepted for college-bound high schoolers as well as current college and continuing students living in Northern and Central California. More than 200 awards totaling nearly $700,000 are being made available through PG&E Scholarships, which includes the Better Together STEM Scholarship and employee resource group scholarship programs. Register for your free research report on PCG at:
www.wallstequities.com/registration/?symbol=PCG
Calpine
Shares in Houston, Texas-based Calpine Corp. ended yesterday's session 0.20% higher at $15.08. The stock recorded a trading volume of 4.75 million shares. The Company's shares have advanced 0.53% in the last one month, 2.86% over the previous three months, and 31.93% since the start of this year. The stock is trading 1.05% and 13.50% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Calpine, which owns and operates natural gas-fired and geothermal power plants in North America, have an RSI of 63.13.
On December 04th, 2017, Calpine announced the pricing of $560,000,000 in aggregate principal amount of its 5.250% Senior Secured Notes due 2026 in a private placement. The aggregate principle amount of the notes offered was increased from $550,000,000. The notes will be issued as additional notes under the indenture governing the Company's 5.250% Senior Secured Notes due 2026 that were issued on May 31st, 2016. The offering is expected to close on December 15th, 2017, subject to customary closing conditions. Wall St. Equities' downloadable research report on CPN available at:
www.wallstequities.com/registration/?symbol=CPN
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