Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Pepco Holdings, Inc. (“Pepco” or the “Company”) (POM) to Exelon Corporation (NYSE:EXC). Under the terms of the proposed transaction, shareholders of Pepco will receive only $27.25 in cash for each share of Pepco common stock that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. Exelon Corporation (NYSE:EXC) shares after opening at $34.22 moved to $35.36 on last trade day and at the end of the day closed at $35.03 . Company price to sales ratio in past twelve months was calculated as 1.21and price to cash ratio as18.69. Exelon Corporation (NYSE:EXC) showed a negative weekly performance of -2.42%.
Southern Company (NYSE:SO) reported first quarter 2014 earnings of $351 million, or 39 cents per share, compared with earnings of $81 million, or 9 cents per share, in the first quarter of 2013. The Southern Company (NYSE:SO) shares fell -1.14% in last trading session and ended the day on $45.83. SO return on equity ratio is recorded as 8.90% and its return on assets is 2.60%. The Southern Company (NYSE:SO) yearly performance is -0.43%.
Public Service Enterprise Group Inc (NYSE:PEG) reported Net Income for the first quarter of 2014 of $386 million, or $0.76 per share as compared to Net Income of $320 million, or $0.63 per share, in the first quarter of 2013. Operating Earnings for the first quarter of 2014 were $515 million, or $1.01 per share, compared to Operating Earnings for the first quarter of 2013 of $433 million, or $0.85 per share. Public Service Enterprise Group Inc. (NYSE:PEG) shares moved up 1.31% in last trading session and was closed at $40.97 while trading in range of $40.35 – $41.38 – Public Service Enterprise Group Inc. (NYSE:PEG) year to date (YTD) performance is 29.20%.
FuelCell Energy Inc (NASDAQ:FCEL) the company that built the world’s biggest fuel-cell power plant, won a contract to build and operate two 2.8-megawatt power plants in Connecticut for UIL Holdings Corp. (UIL)’s United Illuminating. FuelCell Energy Inc (NASDAQ:FCEL) weekly performance is -8.84%. On last trading day company shares ended up $2.27. FuelCell Energy Inc (NASDAQ:FCEL) distance from 50-day simple moving average (SMA50) is -8.16%. Analysts mean target price for the company is $2.73.