StockCall.com Provides Stock Research on FirstEnergy Corp., American Electric Power Co. Inc., Dominion Resources Inc., Entergy Corp., and Wisconsin Energy Corp.
New York City, New York -- (May 30, 2013)
Natural gas prices fell to record low levels last year thanks mainly to the shale revolution in the U.S. One of the biggest beneficiaries of low natural gas prices has been the U.S. electric utilities industry. Record low natural gas prices have allowed several companies to switch from coal to natural gas to generate power. Also, natural gas is cleaner than coal therefore switching to natural gas has allowed electric utilities in the U.S. to meet new environmental regulations. On Wednesday, May 29, 2013, shares in electric utilities ended mostly lower, tracking losses in the broad market, which fell as concerns over the Federal Reserve’s bond buying program continue to linger. The major movers in the sector included FirstEnergy Corp. (NYSE: FE), American Electric Power Company Inc. (NYSE: AEP), Dominion Resources Inc. (NYSE: D), Entergy Corporation (NYSE: ETR), and Wisconsin Energy Corporation (NYSE: WEC). StockCall free coverage on FE, AEP, D, ETR, and WEC is available upon registration at
Shares in FirstEnergy Corp. fell sharply on yesterday, May 29, 2013, extending their losses from previous trading sessions. The stock closed 1.61% lower at $39.22 after trading between $38.83 and $39.63. A total of 5.68 million shares were traded which is well above the daily average volume of 3.49 million. The company’s shares have fallen nearly 8.80% in the last three sessions. The stock is currently trading close to its 52-week low of $38.26. Download the free technical research on FE by signing up at
American Electric Power Company Inc.’s stock also extended its losses from previous sessions on Wednesday. The stock closed 0.79% lower at $46.19, taking its losses in the last three trading sessions to over 4.30%. A total of 4.28 million shares were traded which is well above the daily average volume of 3.23 million. However, despite the recent losses, the company’s shares are still up over 10.40% in the last three sessions. Register now and get access to the free analysis on AEP at
Shares in Dominion Resources Inc. moved lower in its last session, closing at $57.07, down 1.14% from previous trading session’s closing price. A total of 2.50 million shares were traded which is above the daily average volume of 2.43 million. Shares of D have slipped below their 50-day moving average as a result of the recent losses. The stock is still trading well above its 200-day moving average. Sign up and read the complimentary report on D at
Entergy Corporation’s stock was one of the worst performers in the utilities sector on Wednesday. The company’s shares traded between $68.35 and $69.25 before finishing the day 1.31% lower at $68.59. A total of 1.71 million shares were traded which is above the daily average volume of 1.70 million. So far this year, the stock has gained over 10.30%. Shares of ETR are currently trading 3.80% below their 52-week high. The free report on ETR can be downloaded by signing up now at
Shares in Wisconsin Energy Corporation fell sharply yesterday, extending their losses from previous trading sessions. The stock closed 2.50% lower at $40.89. A total of 1.92 million shares were traded which is well above the daily average volume of 1.28 million. Shares of the company have fallen nearly 3.60% in the last three sessions. Free report on WEC can be accessed by registering at
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William T. Knight
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