Utilities Sector: Exelon Corporation (NYSE:EXC) Planning to End Oyster Station, NRG-GenOn (NYSE:NRG) Gets Approval for Merger

  on Nov 14,2012 Posted in Business News ,Featured
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Exelon Corp. (EXC), the biggest US nuclear plant operator, would think over ending its Oyster Creek station ahead of the plant’s intended 2019 decommissioning, Chief Executive Officer Christopher Crane stated.

Exelon Corporation (NYSE:EXC) reported the loss of -1.01% and closed at $29.94 with the total traded volume of 9.51 million shares. EXC has trailing twelve months’ earnings per share of $1.87 and its price to earnings ratio stands at 16.00.

Sports Backers and Venture Richmond declared on Wednesday that Dominion has changed a three-year deal to carry on its title sponsorship of Dominion Riverrock, the nation’s biggest outdoor sports and music festival.

Dominion Resources, Inc. (NYSE:D) shares moved up +2.07% to close at $50.21 and its total traded volume during last trading session was 4.08 million shares.

Dominion has market capitalization of $28.85billion and its beta value stands at 0.45 times. Dominion has current ratio of 0.71 and its debt-to-equity ratio was 1.71.

New Jersey utility, NRG Energy Inc’s (NRG) projected takeover of GenOn Energy Inc. got acceptance from the stockholders of both firms the Federal Trade Commission and the Texas regulatory division. Though, the takeover is still waiting for the green signal from the Federal Energy Regulatory Commission and New York Public Service Commission.

NRG Energy Inc(NYSE:NRG) dropped -2.67% with the closing price of $19.67. The overall volume in the last trading session was 7.95 million shares. Its fifty two week range was $14.29-$23.78. The total market capitalization remained $4.49 billion.

In its share capital NRG has 228.30million outstanding shares while 227.27million shares have been floated in market. NRG has insider ownership of 0.25% with its institutional ownership remained 99.84%. Company’s current year earnings per share dropped with -57.66% while the five years EPS growth rate was -15.24%.

The Southern Company (NYSE:SO) has now dropped about -9.74% from its record high price level, and has declined by -3.24% for this year. It closed at $42.95, trading -4.14% below its 200 day moving average and -4.74% below its 20 day moving average. Latest close brings its distance from its 52-week low at +6.38%. The stock has a PE ratio of 16.98 and their market value is $37.54B.

As of latest close, Companhia Energetica Minas Gerais (ADR) (NYSE:CIG) shares are down about -18.13% for 2012 and recently topped out a 52-week high of $20.97 (Apr 25, 2012). Since then, it has retreated 44.42% but stands 2.38% above 52-week low. The shares slipped below the 200-Day SMA ($16.39) and are now sitting -14.12% below 50-day SMA. The performance measured for the month was -8.57% and weekly performance appeared at -4.84%.



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