NEW YORK, September 6, 2016 /PRNewswire/ --
Operators in the Utilities space are involved in the production and delivery of electric power, natural gas, water, and other utility services, such as steam and cooled air. Today, Stock-Callers.com assesses four equities in this sector: SCANA Corp. (NYSE: SCG), Pinnacle West Capital Corp. (NYSE: PNW), NRG Yield Inc. (NYSE: NYLD), and CPFL Energia S.A. (NYSE: CPL). Sign up today and download for free the research reports for the stocks covered today at:
http://stock-callers.com/registration
SCANA
Last Friday, Cayce, South Carolina-based SCANA Corp.'s shares recorded a trading volume of 968,967 shares, which was above their three months average volume of 822,800 shares. The stock ended the session 2.34% higher at $71.65. The Company's shares have gained 1.76% over the previous three months and 20.47% on an YTD basis. The stock is trading 7.07% above its 200-day moving average. Moreover, shares of SCANA, which through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina, have an RSI of 46.60.
On August 30th, South Carolina Electric & Gas Co, principal subsidiary of SCANA, along with Santee Cooper, the co-owner, placed the reactor vessel in the containment building of V.C. Summer Unit 2. This is the first reactor vessel to be set at a new nuclear plant in the U.S. in more than 30 years. SCG complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=SCG
Pinnacle West Capital
Phoenix, Arizona headquartered Pinnacle West Capital Corp.'s shares recorded a trading volume of 693,386 shares, which was higher than their three months average volume of 685,320 shares. The stock finished the trading session 1.68% higher at $76.07. The Company's shares have gained 1.89% over the previous three months and 21.14% since the start of this year. The stock is trading above its 200-day moving average by 7.50%. Furthermore, shares of Pinnacle West Capital, which through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the State of Arizona, have a Relative Strength Index (RSI) of 45.20.
On August 30th, 2016, research firm Williams Capital Group reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $58 a share to $79 a share.
As per notes filed with the SEC, on August 31st, 2016, Pinnacle West Capital entered into a 364-day unsecured revolving credit facility with The Bank of Tokyo-Mitsubishi UFJ, Ltd., as Agent and Issuing Bank, and JPMorgan Chase Bank, N.A., as Syndication Agent, allowing Pinnacle West to borrow, repay and reborrow, from time to time, up to $75 million through August 30, 2017. Borrowings under the facility will bear interest at LIBOR plus 0.80% per annum. The complimentary report on PNW can be downloaded at:
http://stock-callers.com/registration/?symbol=PNW
NRG Yield
Princeton, New Jersey headquartered NRG Yield Inc.'s stock ended the day 2.11% higher at $17.46 and with a total volume of 358,666 shares traded. The Company's shares have gained 10.91% in the previous three months and 23.88% on an YTD basis. The stock is trading 4.92% above its 50-day moving average and 21.23% above its 200-day moving average. Additionally, shares of NRG Yield, which through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the US, have an RSI of 59.49.
On August 10th, 2016, research firm Avondale downgraded the Company's stock rating from 'Market Outperform' to 'Market Perform'.
On August 19th, 2016, NRG Yield Operating LLC, a subsidiary of NRG Yield, announced that it has closed its previously announced offering of $350.0 million in aggregate principal amount of senior 5.000% notes due 2026. Sign up for your complimentary report on NYLD at:
http://stock-callers.com/registration/?symbol=NYLD
CPFL Energia
Shares in Sao Paulo, Brazil headquartered CPFL Energia S.A. recorded a trading volume of 210,787 shares and ended Friday's session 1.80% higher at $14.69. The stock has advanced 4.26% in the last month, 35.77% over the previous three months, and 105.02% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 6.69% and 42.31%, respectively. Furthermore, shares of CPFL Energia, which together with its subsidiaries, generates, transmits, distributes, and commercializes electricity to industrial, residential, commercial, rural, and other consumers; and provides energy-related services in Brazil, have an RSI of 63.91.
On August 13th, 2016, Bloomberg reported that State Grid Corp. of China reached a deal to gain control of Brazil's CPFL Energia, after two major shareholders agreed to sell the Chinese company their stakes in the $7.3 billion utility. According to the article, Bonaire Participacoes and Banco do Brasil SA's pension fund, known as Previ, have given informal approval to sell their combined 44.5% stake in CPFL for 25 reais a share. Download the research report for free on CPL at:
http://stock-callers.com/registration/?symbol=CPL
--
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
