Summit Midstream Partners LP (NYSE:SMLP) reports that its wholly owned subsidiary, Grand River Gathering LLC, has agreed to acquire 100% of the equity interests in Red Rock Gathering Co. LLC from a subsidiary of Summit Midstream Partners LLC (Summit Investments) for total cash consideration of $305 million, subject to customary working capital adjustments. Summit Midstream Partners LP (NYSE:SMLP) stock opened today at $41.50 and is currently trading at $40.90. The stock showed a positive weekly performance of 0.29%.
Wednesday’s second-highest performing stock for XLU was Wisconsin Energy (NYSEARCA:WEC). WEC shares soared 1.86 percent to $44.39 following reports that Warren Buffett is interested in the company. Wisconsin Energy Corp (NYSE:WEC) stock opened at $44.39, in current trading session and currently is at $44.40, by gaining 0.02%. The 52 week range is $39.04 – $45.00. Company’s market capitalization is $10.06 billion.
Analysts at Credit Suisse initiated coverage on shares of ITC Holdings Corp. (NYSE:ITC) in a research report issued to clients and investors on Monday, Analyst Ratings News reports. The firm set a “neutral” rating on the stock. ITC Holdings Corp. (NYSE:ITC) currently trading at $36.31. The EPS of the stock is 1.29. Company’s market capitalization is $5.72 billion.
New Jersey Resources Corp. (NYSE:NJR) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $44.25 to $45.62 in the past one-month time frame. New Jersey Resources Corp (NYSE:NJR) stock opened the session at $47.61, and now is at $47.88. The 52 week range of the stock remained $40.60 – $48.07 and the day range was $47.61 -$48.07.