Utilities Stocks on Investors' Radar -- Clean Energy Fuels, ONEOK, South Jersey Industries, and CPFL Energia
NEW YORK, October 21, 2016 /PRNewswire/ --
Merger and Acquisition activities in the Utilities sector is down significantly this year, reflecting a rising level of uncertainty due to volatility in oil prices and concerns over the outcome of the upcoming U.S. election. However, not all electricity providers have been equally impacted as many continue to operate at higher levels of profit due to the decline in fuel prices. This morning, Stock-Callers.com has on its radar the following four Utilities stocks: Clean Energy Fuels Corp. (NASDAQ: CLNE), ONEOK Inc. (NYSE: OKE), South Jersey Industries Inc. (NYSE: SJI), CPFL Energia S.A. (NYSE: CPL). Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Clean Energy Fuels
Newport Beach, California headquartered Clean Energy Fuels Corp.'s stock finished Thursday's session 0.93% lower at $4.28 with a total trading volume of 687,069 shares. The Company's shares have advanced 37.18% in the previous three months and 18.89% on an YTD basis. The stock is trading 28.11% above its 200-day moving average. Additionally, shares of Clean Energy Fuels, which provides natural gas as an alternative fuel for vehicle fleets in the US and Canada, have a Relative Strength Index (RSI) of 44.85.
On October 20th, 2016, Clean Energy Fuels announced the opening of a new state of the art, public natural gas station along Interstate 5 in Fife, a suburb of Tacoma. The station adds to Clean Energy's "America's Natural Gas Highway™", allowing fleets to operate from state to state utilizing natural gas vehicle fuel. Interstate Distributor Co., headquartered in nearby Tacoma, will use the station for its fleet of LNG tractors operating throughout the Pacific Northwest. CLNE complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=CLNE
ONEOK
On Thursday, shares in Tulsa, Oklahoma headquartered ONEOK Inc. recorded a trading volume of 1.01 million shares. The stock ended the session 0.25% lower at $50.91. The Company's shares have advanced 4.03% in the last one month, 12.06% over the previous three months, and 118.60% since the start of this year. The stock is trading 4.70% above its 50-day moving average and 34.73% above its 200-day moving average. Moreover, shares of ONEOK, which through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the US, have an RSI of 57.92.
On October 04th, 2016, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'.
On October 19th, 2016, ONEOK's board of directors declared a quarterly dividend of $0.61 per share, effective for Q3 2016, resulting in an annualized dividend of $2.46 per share. The dividend is payable November 14th, 2016, to shareholders of record at the close of business October 31st, 2016. ONEOK has increased its dividend by 54% since becoming the pure-play general partner of ONEOK Partners in February 2014. The complimentary report on OKE can be downloaded at:
http://stock-callers.com/registration/?symbol=OKE
South Jersey Industries
Shares in Folsom, New Jersey-based South Jersey Industries Inc. closed the day 0.42% lower at $28.51. The stock recorded a trading volume of 163,922 shares. The Company's shares have gained 24.60% on an YTD basis. The stock is trading 1.79% above its 200-day moving average. Additionally, shares of South Jersey Industries, which through its subsidiaries, provides energy-related products and services, have an RSI of 44.90.
As per notes filed with the SEC on September 09th, 2016, South Jersey Industries entered into an unsecured $50 million 364-day revolving credit agreement on September 7th, 2016, with Morgan Stanley Senior Funding, Inc. as lender and as administrative agent. The maturity date of the credit agreement is September 7th, 2017, at which time the principal and any accrued but unpaid interest must be paid. At the annual request of the Company, but on not more than 2 occasions, the credit agreement may be extended for an additional period of 364 days. Sign up for your complimentary research report on SJI at:
http://stock-callers.com/registration/?symbol=SJI
CPFL Energia
At the close, shares in Sao Paulo, Brazil headquartered CPFL Energia S.A. ended at $15.42, climbing 0.98%. The stock recorded a trading volume of 147,638 shares. The Company's shares have advanced 1.72% in the last one month, 10.38% in the previous three months, and 115.21% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.89% and 34.26%, respectively. Furthermore, shares of CPFL Energia, which together with its subsidiaries, generates, transmits, distributes, and commercializes electricity to industrial, residential, commercial, rural, and other consumers; and provides energy-related services in Brazil, have an RSI of 66.73. Get free access to your research report on CPL at:
http://stock-callers.com/registration/?symbol=CPL
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