, April 21, 2017
Focus is on the Utilities sector, which received an "Underperform" rating from Charles Schwab on April 13th, 2017. As per the research firm, an improving US economy could create a headwind for the sector, as rising inflation could lead to higher interest rates, reducing the attractiveness of dividend-paying utilities companies. Pre-market today, Stock-Callers.com presents for assessment these four stocks: CenterPoint Energy Inc. (NYSE: CNP), American Water Works Co. Inc. (NYSE: AWK), National Grid PLC (NYSE: NGG), and New Jersey Resources Corp. (NYSE: NJR). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
Houston, Texas-based CenterPoint Energy Inc.'s stock finished Thursday's session 0.25% lower at $27.90 with a total trading volume of 1.94 million shares. The Company's shares have advanced 1.16% in the past month, 10.78% over the previous three months, and 14.38% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.86% and 14.86%, respectively. Furthermore, shares of CenterPoint Energy, which operates as a public utility holding company in the US, have a Relative Strength Index (RSI) of 54.21.
On April 03rd, 2017, CenterPoint Energy's electric utility submitted a proposal to the Electric Reliability Council of Texas requesting its endorsement for the Company to enhance existing, and construct new, electric transmission infrastructure. This project would meet the unprecedented load growth of the petrochemical industry in the Freeport, Texas area. The Company expects to have the proposed enhancements complete by summer 2019 and the proposed new line to be in service in 2021. Visit us today and access our complete research report on CNP at:
American Water Works
Shares in Voorhees, New Jersey headquartered American Water Works Co. Inc. ended at $79.17, down 0.19% from the last trading session. The stock recorded a trading volume of 873,974 shares. The Company's shares have gained 3.50% in the last one month, 10.73% in the previous three months, and 9.98% on an YTD basis. The stock is trading 3.68% above its 50-day moving average and 6.09% above its 200-day moving average. Moreover, shares of American Water Works, which through its subsidiaries, provides water and wastewater services in the US and Canada, have an RSI of 64.80.
On April 19th, 2017, American Water Works announced that it intends to release its Q1 2017 financial results after the market closes on Wednesday, May 03rd, 2017. Susan Story, President and CEO, Linda Sullivan, Executive Vice President and CFO, and Walter Lynch, COO, will host the conference call and webcast on Thursday, May 04th, 2017, at 9:00 a.m. ET. The complimentary report on AWK can be downloaded at:
London, UK headquartered National Grid PLC's stock ended yesterday's session 0.76% lower at $63.60. A total volume of 621,388 shares was traded, which was above their three months average volume of 618,250 shares. The Company's shares have advanced 1.35% in the past month, 9.98% over the previous three months, and 9.03% on an YTD basis. The stock is trading 3.09% above its 50-day moving average. Additionally, shares of National Grid, which transmits and distributes electricity and natural gas, have an RSI of 53.00.
On March 21st, 2017, research firm Exane BNP Paribas upgraded the Company's stock rating from 'Underperform' to 'Neutral'. Register for free on Stock-Callers.com and access the latest research report on NGG at:
New Jersey Resources
On Thursday, shares in Wall, New Jersey-based New Jersey Resources Corp. recorded a trading volume of 353,217 shares. The stock finished flat at $40.05. The Company's shares have advanced 2.96% in the last one month, 11.07% in the previous three months, and 13.57% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.87% and 12.75%, respectively. Furthermore, shares of New Jersey Resources, which provides regulated gas distribution, and retail and wholesale energy services, have an RSI of 56.96.
On April 10th, 2017, New Jersey Resources announced that it will host a live webcast of its Q2 FY17 earnings results on Friday, May 05th, 2017, at 10:00 a.m. ET. Chairman and CEO Laurence M. Downes, and CFO Patrick Migliaccio, will present an overview of the Company's financial performance. The webcast may be accessed under the Investors Relations section of the Company's website. Get free access to your research report on NJR at:
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