Utilities: DTE Energy Company (DTE) Gets OK from MPSC, Public Service Enterprise Group (NYSE: PEG) Declares Quarterly Dividend

  on Nov 23,2012 Posted in Business News ,Featured
Share |
We're on   

DTE Energy Company (DTE) has got approval from the Michigan Public Service Commission (“MPSC”) for the second phase of the Solar Currents growth plan. According to the Solar Currents customer-owned pilot plan, the firm gives financial incentives for customers, who integrate solar energy systems on their homes and businesses.

DTE Energy Company (NYSE:DTE) moved down -0.46% with the closing price of $59.02. The overall volume in the last trading session was 761,736.00 shares. Its fifty two week range was $49.06-$62.56. The total market capitalization remained $10.16 billion.

DTE is ahead of its 52 week low with 25.52% and its last month’s price volatility remained 1.36%. Its beta coefficient was 0.58 with a target price of $62.40. DTE has institutional ownership remained 58.13%. Company’s current year earnings per share grew with 12.19% while the five years EPS growth rate was +13.86%.

Public Service Enterprise Group (PSEG) (NYSE: PEG) board of directors has announced a quarterly dividend of 35.50 cents a share of common stock for this year’s 4Q.

In last trading session, Public Service Enterprise Group Inc.(NYSE:PEG) reported the fall of -29.40% to close at $29.40 and its overall traded volume was 2.08 million shares,lower than the average volume of 2.42 million.

PEG has earnings per share of $2.78 with the net profit margin of 14.09% and operating margin of 24.76%.

Brazil-located integrated electric utility, CompanhiaEnergetica de Minas Gerais (CIG), also called as CEMIG declared a 43% year-over-year spike in its 3Q net income this year, which came at R$937 million (US$468.5 million).

CompanhiaEnergetica Minas Gerais (ADR)(NYSE:CIG) surged +0.93% and closed at $10.80 in last trading session. The overall traded volume was 5.53 million shares. Stock’s52 weeks high price was $20.97 and 52 weeks low price was $10.56.

In its share capital CIG has 853.02 million outstanding shares while 851.74 million shares have been floated in market. Company’s current year earnings per share grew with 6.86% while the five years EPS growth rate was +28.01%.

Shares of Exelon Corporation (NYSE:EXC) traded in a range of $28.60 to $29.15, completing the day down $0.13, or -0.45% to $28.85. The total volume of shares exchanged was 6.50 million. The stock was at -29.55% as on Nov 21, 2012 for this year as compared to -30.04% in the last 12 months. The company established a 52-week high of $44.45 on Dec 01, 2011 and is now -31.26% down than that level.

The price of The Southern Company (NYSE:SO) moved down -0.35% and finished the day at $42.28 on above average volume. The day started out with a higher opening price of $42.45 versus prior close of $42.43. The total number of shares traded on the latest trading day was about 5.47 million shares, and changed hands at average prices of $41.78 to $42.66 apiece. The shares declined about -4.75% since the start of 2012 and has a -6.75% fall in last three months. Narrowing down the performance period, the stock declined -8.39% for the month and a -1.40% fall over the week.



Leave a Reply