Utilities: Exelon Corp. (NYSE:EXC) Paying Damages to Settle Constellation Energy Takeover Claims, Entergy Corporation’s (NYSE:ETR) Gets OK for MISO Move

  on Nov 19,2012 Posted in Business News ,Featured
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Exelon Corp. has decided to pay $400,000 to finish so-calledclaims associated to its $7.9 billion takeover of Constellation Energy Group Inc. in the start this year.

The payment was declared on Thursday by the Justice Department, however a federal judge would have to accept it before its finalized, as per reported by the Associated Press.

 Exelon Corporation (NYSE:EXC) moved down -0.41% with the closing price of $29.25. The overall volume in the last trading session was 10.02 million shares. Its fifty two week range was $29.01-$44.45. The total market capitalization remained $24.97 billion.

EXC is ahead of its 52 week low with 0.38% and its last month’s price volatility remained 2.27%. Its beta coefficient was 0.52 with a target price of $34.76. EXC has institutional ownership remained 59.68%. Company’s current year earnings per share dropped with -2.95% while the five years EPS growth rate was +9.79%.

New Orleans utility Entergy Corporation’s (ETR) attempt to move inthe Midwest Independent Transmission Operator (“MISO”) has been authorized by both the Mississippi Public Service Commission and the New Orleans City Council. The timid merge is kept for this year’s December.

In last trading session, Entergy Corporation (NYSE:ETR) reported the loss of -0.22% to close at $62.86 and its overall traded volume was 1.77 million shares, more than the average volume of 1.06 million.

ETR has earnings per share of $3.96 with the net profit margin of 7.02% and operating margin of 12.74%.

American Electric Power (AEP) on Wednesday released a latest, improved version of the firm’s corporate website at www.aep.com.

American Electric Power Company, Inc. (NYSE:AEP) surged +1.37% and closed at $41.52 in last trading session. The overall traded volume was 2.62 million shares. Stock’s52 weeks high price was $41.56 and 52 weeks low price was $36.97.

In its share capital AES has 485.00 million outstanding shares while 484.38 million shares have been floated in market. Company’s current year earnings per share grew with 28.71% while the five years EPS growth rate was +5.37%.

Genon Energy Inc (NYSE:GEN) has now dropped about 18.62% from its record high price level, and has declined by -14.80% for this year. It closed at $2.36, trading 5.86% above its 200 day moving average and -9.61% below its 20 day moving average. Latest close brings its distance from its 52-week low at +90.32%. The stock has a market value is $1.82 Billion.

As of latest close, The AES Corporation (NYSE:AES) shares are down about -16.12% for 2012 and topped out a 52-week high of $14.01 (Feb 23, 2012). Since then, it has retreated 29.15% but stands 3.89% above 52-week low. The shares slipped below the 200-Day SMA ($11.66) and are now sitting -8.21% below 50-day SMA. The performance measured for the month was -9.43% and weekly performance appeared at -0.70%.




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