The analysts wrote, “Exelon (EXC) has been upgraded by The Street Ratings from hold to buy. The Exelon Corporation (NYSE:EXC) strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, attractive valuation levels, good cash flow from operations, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.” Exelon Corporation (NYSE:EXC) stock opened at $30.26 in last session, and closed at $30.42, while the day range of EXC stock is $30.10-$30.71.The stock showed a positive weekly performance of 3.47%.
Jefferies downgraded Public Service Enterprise Group Inc. (NYSE:PEG) from Buy to Hold with a price target of $38.50 (from $36.00) on valuation. The stock currently trades at a slight discount to our regulated group average T&D multiple and pays an average yield of 4.0%,” analyst Paul B. Fremont noes. Public Service Enterprise Group Inc. (NYSE:PEG) stock opened at $36.32, in last session and closed at $36.58, by gained 0.14%.The 52 week range was $31.02-$37.34.Company’s market capitalization is $18.05 billion.
Ameren Corporation (NYSE: AEE) announced 2013 net income from continuing operations of $512 million , or $2.10 per diluted share, compared to 2012 net income from continuing operations of $516 million , or $2.13 per diluted share. As a result of Ameren’s divestiture of its merchant generation business, the results of this business are classified as discontinued operations in the financial statements. Ameren Corp (NYSE:AEE) stock gained 5.33% and finished the last session at $40.88.The EPS of the stock remained -2.87.Company’s market capitalization is $9.92 billion.
CenterPoint Energy, Inc.’s (NYSE: CNP) Board of Directors appointed Phillip R. Smith as a director, effective March 3 2014. Smith, expected to stand for election at the company’s 2014 annual meeting in April, is president and chief executive officer of Torch Energy Advisors, Inc. He served as a partner of KPMG from 2002 until his retirement in 2012 and also previously served as audit partner of another international accounting firm from 1987 to 2002. CenterPoint Energy, Inc. (NYSE:CNP) stock opened the session at $24.26, and closed the session at $24.48. The 52 week range of the CNP stock remained $20.50-$25.65 and the day range was $24.16-$24.53.