Utilities Touched New Highs: ONEOK (NYSE:OKE), Cleco Corporation (NYSE:CNL), IDACORP Inc (NYSE:IDA), Northwest Natural Gas Co (NYSE:NWN)

On 16 JUNE ONEOK, Inc. (NYSE:OKE) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and growth in earnings per share. ONEOK, Inc. (NYSE:OKE) net profit margin is 1.70% and weekly performance is 2.60%. On last trading day company shares ended up $67.02. Analysts mean target price for the company is $66.92. ONEOK, Inc. (NYSE:OKE) distance from 50-day simple moving average (SMA50) is 6.08%.

Cleco Corporation (NYSE:CNL) reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.01. The company had revenue of $284.40 million for the quarter, compared to the consensus estimate of $242.23 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. Analysts expect that Cleco Corp. will post $2.75 EPS for the current fiscal year. Cleco Corporation (NYSE:CNL) shares advanced 0.73% in last trading session and ended the day on $58.02. CNL Gross Margin is 91.80% and its return on assets is 3.80%. Cleco Corporation (NYSE:CNL) quarterly performance is 17.07%.

IDACORP Inc (NYSE:IDA) reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.09. During the same quarter in the previous year, the company posted $0.67 earnings per share. On average, analysts predict that IDACORP will post $3.49 earnings per share for the current fiscal year. IDACORP Inc (NYSE:IDA) shares moved down -0.56% in last trading session and was closed at $57.11, while trading in range of $56.86 – $57.72. IDACORP Inc (NYSE:IDA) year to date (YTD) performance is 11.94%.

On 3 JUNE Northwest Natural Gas Co (NYSE:NWN) announced that it will credit it’s customers in Oregon on their June bills. Northwest Natural Gas Co (NYSE:NWN) ended the last trading day at $46.33. Company weekly volatility is calculated as 0.90% and price to cash ratio as 70.25. Northwest Natural Gas Co (NYSE:NWN) showed a positive weekly performance of 2.05%.