Gaining Green

Utilities New Highs: Companhia Energetica Minas Gerais (NYSE:CIG), Enersis S.A. (ADR) (NYSE:ENI), Pampa Energia (NYSE:PAM), Transportadora de Gas del Sur (NYSE:TGS), EDENOR (NYSE:EDN)

Companhia Energetica Minas Gerais (ADR) (NYSE:CIG), was the recipient of a significant increase in short interest in the month of June. As of June 13th, there was short interest totalling 19,569,585 shares, an increase of 41.6% from the May 30th total of 13,817,191 shares, Stock Ratings Network reports. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 3,974,878 shares, the days-to-cover ratio is presently 4.9 days. Companhia Energetica Minas Gerais (ADR) (NYSE:CIG), net profit margin is 21.10% and weekly performance is 6.98%. On last trading day company shares ended up $7.82. Analysts mean target price for the company is $5.58. Companhia Energetica Minas Gerais (ADR) (NYSE:CIG), distance from 50-day simple moving average (SMA50) is 11.06%.

Enersis S.A. (ADR) (NYSE:ENI), was downgraded by analysts at Scotiabank to a “sector perform” rating in a research report issued to clients and investors on Tuesday. Enersis S.A. (ADR) (NYSE:ENI), advanced 0.93% in last trading session and ended the day on $17.43. ENI, Gross Margin is 43.20% and its return on assets is 4.40%. Enersis S.A. (ADR) (NYSE:ENI), quarterly performance is 13.55%.

On May 12, 2014, Pampa Energia S.A. (ADR) (NYSE:PAM), the largest integrated electricity company in Argentina that, through its subsidiaries, participates in the generation, transmission and distribution of electricity, announces the results for the quarter ended on March 31, 2014. Consolidated sales revenues of AR$1,431.4 million1 for the quarter ended on March 31, 2014, 2.8% higher than the AR$1,392.2 million for the same period of 2013, primarily explained by increases of 7.7% (AR$64.2 million) in distribution and 108.5% (AR$40.1 million) in holding and others segments, partially offset by a decrease of 8.7% (AR$45.7 million) in the generation segment. Consolidated loss of AR$719.8 million during the quarter ended on March 31, 2014, of which AR$390.1 million are attributable to the owners of the Company, compared to a AR$386.6 million loss attributable to the owners of the Company in the same period of 2013. The results from first quarter of 2014 were affected by a loss of AR$617.9 million from net exchange rate difference, which was caused by the 23% devaluation of local currency against US Dollar. Pampa Energia S.A. (ADR) (NYSE:PAM), shares moved up 5.69% in last trading session and was closed at $10.95, while trading in range of $10.22 – 10.96. Pampa Energia S.A. (ADR) (NYSE:PAM), year to date (YTD) performance is 108.97%.

Transportadora de Gas del Sur SA (ADR) (NYSE:TGS), was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research note issued on Wednesday. Transportadora de Gas del Sur SA (ADR) (NYSE:TGS), ended the last trading day at $3.35. Company weekly volatility is calculated as 6.48%. Transportadora de Gas del Sur SA (ADR) (NYSE:TGS), showed a positive weekly performance of 18.79%.

On July 02, 2014, EDENOR S.A. (ADR) (NYSE:EDN), had an interesting day on New York Stock Exchange. The stock gained more than 7 percent on volume that exceeded the daily average. The stock also touched a new 52-week high on the widely exciting day as investors once again reaffirmed their confidence in the future of the electricity company. EDENOR S.A. (ADR) (NYSE:EDN), net profit margin is 7.60% and weekly performance is 14.34%. On last trading day company shares ended up $15.47. EDENOR S.A. (ADR) (NYSE:EDN), distance from 50-day simple moving average (SMA50) is 44.39%.