Yahoo Finance StockCall Pre-Market Review on GXP, DTE, AEE, and JE
StockCall.com Provides Stock Research on Great Plains Energy Inc., DTE Energy Co., Ameren Corp., and Just Energy Group Inc.
New York City, New York -- (May 28, 2013)
The U.S. utilities sector is expected to see a sharp rise in its costs as companies boost their capital spending in order to upgrade their existing infrastructure. U.S. utilities are also under pressure from regulator to meet new environmental regulations. At the same time, utilities will be hoping for a normal weather pattern this year since an unusually warm winter last year had a major impact on companies’ financial performance. Electric utilities in the U.S., however, are likely to continue to benefit from cheaper natural gas prices. On Friday, May 24, 2013, shares in utility companies ended mostly lower as the broad market remained under pressure. The major movers in the sector included Great Plains Energy Incorporated (NYSE:GXP - News), DTE Energy Co. (NYSE:DTE - News), Ameren Corp. (NYSE:AEE - News), and Just Energy Group Inc. (NYSE:JE - News). StockCall analysts initiated preliminary technical research on GXP, DTE, AEE, and JE. These free reports are accessible by signing today at
Shares in Great Plains Energy Incorporated fell sharply on Friday, closing 1.48% lower at $23.23. A total of 911,573 shares were traded between $23.11 and $23.57. The company’s shares have fallen nearly 4.30% in the last three sessions. However, despite the pullback, the stock is trading near its 52-week high of $24.44. GXP’s shares slipped below their 50-day moving average as a result of the recent drop. So far this year, the stock has gained over 15.50% which is in-line with the performance of the S&P 500. The free technical analysis on GXP is available by signing up at
www.StockCall.com/GXP052813.pdf
DTE Energy Co.’s stock was one of the worst performers in the utilities sector last Friday. The company’s shares fell 1.46% to finish the day at $68.27, extending their losses in the last three trading sessions to over 4.50%. A total of 764,263 shares were traded which is below the daily average volume of 1.18 million. However, despite the recent decline, shares of DTE are up nearly 14.80% so far this year. The stock is currently trading 6.89% below its 52-week high. Register now to download the free research on DTE at
www.StockCall.com/DTE052813.pdf
Shares in Ameren Corp. slipped on Friday, closing 1.09% lower at $34.53 after trading between $34.45 and $34.89. A total of 857,862 shares were traded which is below the daily average volume of 1.51 million. The company’s shares fell nearly 4.50% in the last three sessions. The stock has slipped below its 50-day moving average as a result of the recent pullback. Shares of AEE are now trading over 6% below their 52-week high. However, despite the recent pullback, the stock has gained over 13.70% so far in 2013. Free report on AEE can be accessed by registering at
www.StockCall.com/AEE052813.pdf
Shares in Just Energy Group Inc. ended slightly lower on Friday, closing at $7.21, down 0.14% over previous day’s closing price. A total of 576,777 shares were exchanged in the previous week’s last trading session which is below the daily average volume of 611,984. The company’s shares fell nearly 1.80% last week, tracking losses in the broader market. So far this year, the stock has fallen over 20.40%, underperforming the S&P 500. The stock is currently trading over 32% below its 52-week high.Register withStockCall and download the research on JE for free at
www.StockCall.com/JE052813.pdf
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