Utilities Stocks are Trading Lower Today

Large cap utilities stocks are trading lower today.  Following is some information on the most actives as measured by dollar volume and the news stories that are moving them:

  • Duke Energy Corporation (NYSE:DUK):  The shares recently traded at $20.08, up $0.16, or 0.83%, on the day.  The shares have traded in a 52-week range of $16.87 to $20.27 and its market capitalization is $26.49 billion. About the company: Duke Energy Corporation is an energy company located primarily in the Americas that owns an integrated network of energy assets.  The Company manages a portfolio of natural gas and electric supply, delivery, and trading businesses in the United States and Latin America.
  • FirstEnergy Corp. (NYSE:FE): The shares recently traded at $44.31, up $0.01, or 0.02% on the day.  The shares have traded in a 52-week range of $35 to $46.51 and its market capitalization is $18.53 billion.  Analysts at Jefferies reiterated their rating of Hold on this stock.  On the other hand, analysts at Deutsche Bank rate the stock a Buy.   About the company: FirstEnergy Corp. is a public utility holding company.  The Company’s subsidiaries and affiliates are involved in the generation, transmission and distribution of electricity, exploration and production of oil and natural gas, transmission and marketing of natural gas, and energy management and other energy-related services.
  • Exelon Corporation (NYSE:EXC): The shares recently traded at $42.90, down $0.33, or 0.76%, on the day.  The shares have traded in a 52-week range of $39.05 to $45.27 and its market capitalization is $28.43 billion.  Exelon Corporation has filed papers with the Maryland Public Service Commission regarding its proposed merger with Constellation Energy.  Their press release reads, in part:  “The merger proposal provides a direct investment in Maryland of more than $25 million, including a $100 rate credit for each BGE residential customer, investment in energy efficiency and renewable energy, and a new headquarters building in Baltimore.”  About the company: Exelon Corporation is a utility services holding company.  The Company, through its subsidiaries distributes electricity to customers in Illinois and Pennsylvania.  Exelon also distributes electricity to customers in Illinois and Pennsylvania.  Exelon also distributes gas to customers in the Philadelphia area as well as operates nuclear power plants in states that include Pennsylvania and New Jersey.
  • Williams Companies, Inc. (NYSE:WMB): The shares recently traded at $28.17, up 0.85, or 3.11%, on the day.  The shares have traded in a 52-week range of $20.20 to $33.47 and its market capitalization is $16.59 billion.   Williams Companies has asked Energy Transfer Equity LP (NYSE:ETE) if it is interested in selling Southern Union Co‘s (NYSE:SUG) pipelines subsequent to the former’s acquisition of the latter later this year.  About the company: The Williams Companies, Inc. is an integrated natural gas company that produces, gathers, processes and transports natural gas.  The Company’s operations are concentrated in the Pacific Northwest, Rocky Mountains, Gulf Coast, the Eastern Seaboard, and the province of Alberta in Canada.
  • Dominion Resources, Inc. (NYSE:D): The shares recently traded at $50.11, down $0.38, or 0.73%, on the day.  The shares have traded in a 52-week range of $41.13 to $51.44 and its market capitalization is $28.52 billion.  About the company: Dominion Resources, Inc., a diversified utility holding company, generates, transmits, distributes, and sells electric energy in Virginia and northeastern North Carolina.  The Company produces, transports, distributes, and markets natural gas to customers in the Northeast and Mid-Atlantic regions of the United States.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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