Diversified Utilities: Consolidated Edison (NYSE:ED), NiSource (NYSE:NI), Duke Energy Corp (NYSE:DUK), Cosan Limited(USA) (NYSE:CZZ), PNM Resources Inc (NYSE:PNM)

Posted by on Jul 02, 2014

Consolidated Edison, Inc. (NYSE:ED), saw unusually large options trading on Monday. Stock traders acquired 8,074 put options on the company, American Banking and Market News reports. This is an increase of approximately 1,352% compared to the average volume of 556 put options. Consolidated Edison, Inc. (NYSE:ED), net profit margin is 9.50% and weekly performance is 0.72%. On last trading day company shares ended up $57.09. Analysts mean target price for the company is $57.36. Consolidated Edison, Inc. (NYSE:ED), distance from 50-day simple moving average (SMA50) is 1.97%.

On June 16, 2014, NiSource Inc. (NYSE:NI), is transferring 20 jobs from its Merrillville headquarters to a new office complex recently built in the Arena District of Columbus, Ohio.NiSource Inc. (NYSE:NI), fell 0.46% in last trading session and ended the day on $39.16. NI, Gross Margin is 64.50% and its return on assets is 3.60%. NiSource Inc. (NYSE:NI), quarterly performance is 10.40%.

Duke Energy Corp (NYSE:DUK), declared a quarterly dividend on Tuesday, July 1st, Analyst Ratings.Netreports. Shareholders of record on Friday, August 15th will be given a dividend of 0.795 per share on Tuesday, September 16th. This represents a $3.18 dividend on an annualized basis and a yield of 4.29%. Duke Energy Corp (NYSE:DUK), shares moved down 0.75% in last trading session and was closed at $73.63, while trading in range of $73.51 – 74.24. Duke Energy Corp (NYSE:DUK), year to date (YTD) performance is 9.07%.

On June 27, 2014, Cosan Limited (USA) (NYSE:CZZ), executed an Investment and Other Terms Agreement with Fundo de Investimentos em Participações Multisetorial Plus II (“FIP Multisetorial Plus II”), and with Razac Fundo de Investimentos em Participações (“FIP Razac”). Also on June 27, 2014, FIP Multisetorial and FIP Razac subscribed non-voting preferred shares issued by Cosan
Investimentos for the amount of R$2,000,000,000.00, to be fully paid up in cash. The Shareholders”Agreement of Cosan Investimentos, establishing the governance rules and also certain rights between the Shareholders related to exit and termination of their respective stakes at Cosan Investimentos. Such reorganization aims optimizing the Company?s capital structure and reshaping its debt profile, not impacting or increasing its indebtedness. Cosan Limited (USA) (NYSE:CZZ), ended the last trading day at $13.34. Company weekly volatility is calculated as 3.55% and price to cash ratio as 5.13. Cosan Limited(USA) (NYSE:CZZ), showed a negative weekly performance of 6.25%.

PNM Resources Inc (NYSE:PNM), issued an update on its FY14 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.42-1.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.47, Stock Ratings Network reports. PNM Resources Inc (NYSE:PNM), net profit margin is 7.30% and weekly performance is 3.11%. On last trading day company shares ended up $29.80. Analysts mean target price for the company is $28.53. PNM Resources Inc (NYSE:PNM), distance from 50-day simple moving average (SMA50) is 5.88%.

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