Research Report Initiated on Select Electric Utilities Stocks

June 23, 2016   |   9:11 am

Contributor: Tom Johnson, Active Wall Street

ActiveWallSt.com announces the list of stocks for today’s research coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Electric Utilities industry. Companies recently under review include Companhia Energetica de Minas Gerais, Southern Co., AES Corp., and FirstEnergy. See our complete report on Companhia Energetica de Minas Gerais at: http://www.activewallst.com/registration-3/?symbol=CIG.

Today, ActiveWallSt.com is promoting its equity research coverage. Get all of our research report free by signing up to http://www.activewallst.com/register/.

Environmental concerns are motivating operators in the Electric Utilities segment to transform their energy-management implementations and shift to a renewable-energy-based system, opening up numerous opportunities. Given this and a positive outlook for the industry, now would be a good time for investors to keep an eye out for potential prospects. Let us see how these are affecting some of the big names in the industry. Register with us now for your free membership and more research reports at http://www.activewallst.com/register/.

ActiveWallSt.com takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

Companhia Energetica de Minas Gerais S.A. (NYSE: CIG)

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At the close on Wednesday, shares in Brazil-based state-controlled mixed capital Company, Companhia Energetica de Minas Gerais S.A., surged 7.06%, ending the day at $1.82. The stock recorded a trading volume of 4.83 million shares, which was higher than its three months average volume of 4.67 million shares. The Company’s shares have advanced 26.39% in the last one month and 31.55% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.24% and 10.70%, respectively. Moreover, shares of Companhia Energetica de Minas Gerais, which is an integrated concessionaire of electric power generation, transmission and distribution, have a Relative Strength Index (RSI) of 63.11.

Southern Co. (NYSE: SO)

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Shares in Atlanta, Georgia headquartered Southern Co. ended the day 0.10% lower at $50.85 and with a total volume of 3.02 million shares traded. In the last month and the previous three months, the stock has gained 5.74% and 1.48%, respectively. Moreover, the Company’s shares have advanced 11.13% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.24% and 8.93%, respectively. Furthermore, shares of Southern, which together with its subsidiaries, engages in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi, have an RSI of 59.83. Visit us today and activate your complimentary research report on SO at: http://www.activewallst.com/registration-3/?symbol=SO.

The AES Corp. (NYSE: AES)

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On Wednesday, shares in Arlington, Virginia headquartered The AES Corp. finished 0.17% lower at $11.99. A total volume of 5.21 million shares was traded, which was above their three months average volume of 4.63 million shares. The stock has advanced 11.64% in the last one month, 7.14% over the previous three months, and 28.05% on an YTD basis. The Company’s shares are trading above their 50-day and 200-day moving averages by 7.41% and 17.16%, respectively. Additionally, shares of AES Corp., which operates as a diversified power generation and utility Company, have an RSI of 69.33. Research report on AES is available for free at: http://www.activewallst.com/registration-3/?symbol=AES.

FirstEnergy Corp. (NYSE: FE)

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Akron, Ohio-based FirstEnergy Corp.’s stock recorded a trading volume of 4.10 million shares at the end of yesterday’s session and closed the day at $33.04, which was a correction of 1.49%. The stock has advanced 3.06% in the last one month and 6.42% since the start of this year. The Company’s shares are trading above their 200-day moving average by 2.54%. Additionally, shares of FirstEnergy, which through its subsidiaries, generates, transmits, and distributes electricity in the U. S., have an RSI at 43.78. Complimentary research on FE is accessible at: http://www.activewallst.com/registration-3/?symbol=FE

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