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

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.