Utilities Most Active: TECO Energy (NYSE:TE), Exelon Corporation (NYSE:EXC), AES Corp (NYSE:AES), The Southern Company (NYSE:SO), Companhia Energetica Minas Gerais (ADR) (NYSE:CIG)

TECO Energy, Inc. (NYSE:TE), reported that it has entered into an underwriting agreement for the sale by the company of 15.5 million primary shares of its common stock pursuant to an effective shelf registration statement at a price to the public of $18.10 per share through underwriters led by Morgan Stanley, Citigroup and JP Morgan as joint bookrunning managers. The offering is expected to close on or about July 8, 2014, subject to customary closing conditions. TECO Energy, Inc. (NYSE:TE), net profit margin is 8.60% and weekly performance is 0.17%. On last trading day company shares ended up $18.10. Analysts mean target price for the company is $17.90. TECO Energy, Inc. (NYSE:TE), distance from 50-day simple moving average (SMA50) is 2.99%.

On June 18, 2014, Exelon Corporation (NYSE:EXC), and Pepco Holdings Inc. (NYSE: POM) filed applications seeking approval of their proposed merger (click here for filings) with the Delaware Public Service Commission, the Public Service Commission of the District of Columbia and the New Jersey Board of Public Utilities. The companies announced their proposed merger on April 30. Exelon Corporation (NYSE:EXC), fell 3.11% in last trading session and ended the day on $34.59. EXC, Gross Margin is 53.60% and its return on assets is 2.30%. Exelon Corporation (NYSE:EXC), quarterly performance is 4.12%.

AES Corp (NYSE:AES)‘s stock had its “equal weight” rating restated by analysts at Morgan Stanley in a research report issued to clients and investors on Thursday. They currently have a $16.00 target price on the stock. Morgan Stanley’s price target would indicate a potential upside of 3.03% from the stock’s previous close. AES Corp (NYSE:AES), shares moved down 0.83% in last trading session and was closed at $15.44, while trading in range of $15.35 – 15.60. AES Corp (NYSE:AES), year to date (YTD) performance is 7.15%.

The Southern Company (NYSE:SO), was the recipient of unusually large options trading on Tuesday. Traders purchased 5,027 put options on the company, Analyst Ratings Net reports. This represents an increase of 357% compared to the average volume of 1,100 put options. The Southern Company (NYSE:SO), ended the last trading day at $44.26. Company weekly volatility is calculated as 1.26% and price to cash ratio as 66.83. The Southern Company (NYSE:SO), showed a negative weekly performance of 0.92%.

Companhia Energetica Minas Gerais (ADR) (NYSE:CIG), was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Monday. They currently have a $8.25 target price on the stock.Zacks‘s target price indicates a potential upside of 3.25% from the stock’s previous close. Companhia Energetica Minas Gerais (ADR) (NYSE:CIG), net profit margin is 20.90% and weekly performance is -3.56%. On last trading day company shares ended up $7.86. Analysts mean target price for the company is $5.60. Companhia Energetica Minas Gerais (ADR) (NYSE:CIG), distance from 50-day simple moving average (SMA50) is 4.74%.