How These Utilities Stocks are Faring? — Sempra Energy, TerraForm Global, TerraForm Power, and UGI Corp.
The Diversified Utilities space provides consumers and businesses with electricity, natural gas, and water. Most of the companies in this category are government-sanctioned monopolies that operate without competition in their main service areas. The downside to this industry is that the government in many cases also determines how much these utilities can charge their customers. Ahead of today’s trading session, Stock-Callers.com directs its attention to: Sempra Energy, TerraForm Global Inc., TerraForm Power Inc. and UGI Corp.
San Diego, California headquartered Sempra Energy’s stock finished Thursday’s session 0.12% higher at $100.77 with a total trading volume of 838,033 shares. The Company’s shares have advanced 3.83% in the past month and 9.47% since the start of this year. The stock is trading 0.98% below its 50-day moving average. Additionally, shares of Sempra Energy, which operates as an energy services holding company worldwide, have a Relative Strength Index (RSI) of 49.66.
On December 15th, 2016, Sempra Energy announced that its Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V., has completed the acquisition of the Ventika I and Ventika II wind generation facilities in Mexico for approximately $900 million, including the assumption of outstanding debt. Mexico’s antitrust commission, the Comisión Federal de Competencia Económica, approved the acquisition a day earlier. Located in the state of Nuevo León, Mexico, Ventika I and Ventika II consist of 84 operating wind turbines with an installed power generation capacity of 252 megawatts, making it the largest operating wind farm in Mexico.
On Thursday, shares in Bethesda, Maryland headquartered TerraForm Global Inc. recorded a trading volume of 794,193 shares, which was above its three months average volume of 674,000 shares. The stock ended the session 2.86% higher at $3.60. The Company’s shares have advanced 5.88% in the previous three months. The stock is trading 8.21% above its 200-day moving average. Moreover, shares of TerraForm Global, which owns and operates renewable energy generation assets worldwide, have an RSI of 41.50.
On December 06th, 2016, TerraForm Global announced that its subsidiary TerraForm Global Operating, LLC has successfully completed the amended and restated solicitation of consents from holders of record as of 5:00 p.m. ET, on November 14th, 2016, of its 9.75% Senior Notes due 2022 to obtain waivers relating to certain reporting covenants under the indenture dated as of August 05th, 2015 among TerraForm Global Operating, as issuer, the Guarantors party thereto and US Bank National Association, as trustee.
Shares in Bethesda, Maryland headquartered TerraForm Power Inc. closed the day 1.51% higher at $13.48. The stock recorded a trading volume of 874,161 shares. The Company’s shares have gained 3.53% in the last month, 3.30% in the previous three months, and 7.15% on an YTD basis. The stock is trading 3.74% above its 50-day moving average and 19.34% above its 200-day moving average. Additionally, shares of TerraForm Power, which owns and operates solar and wind generation assets serving utility, commercial, and residential customers, have an RSI of 55.00.
On December 06th, 2016, TerraForm reported net loss of $33.51 million, or $0.01 per share, for Q1 2016 compared to net loss of $83.66 million, or $0.57 per share, for Q1 2015. The Company’s operating revenue surged 118% to $153.92 million in Q1 2016 compared to operating revenue of $70.52 million in Q1 2015.
At the close, shares in King of Prussia, Pennsylvania-based UGI Corp. finished 1.68% higher at $44.86. The stock recorded a trading volume of 489,934 shares. The Company’s shares have advanced 2.48% in the last one month and 35.82% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.09% and 3.93%, respectively. Furthermore, shares of UGI Corp., which distributes, stores, transports, and markets energy products and related services in the US and internationally, have an RSI of 52.04.
On December 14th, UGI Corp. released a recap of its Investor day. The company held its biennial Investor Day in New York City on December 08th, 2016. As discussed during the meeting, UGI continues to be a balanced growth and income investment with objectives to grow its adjusted earnings per share by 6%-10% annually and its dividend by 4% annually.
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