Electrical Utility Stocks Rallying (DUK, DYN, AEP, FE)

by Michael - Penny Stock Pro on August 24, 2010

in Penny Stock Picks

Duke Energy Corporation (NYSE:DUK) added 0.41% to $ 17.13. Today, the stock opened the trade at $ 17.15 and is trading within the range of $ 17.07-$ 17.24. At current market price, the market capitalization of the stock stood at $ 22.59 billion.

Duke Energy Corporation is an energy company that provides its services through three business segments. The Company’s business segments are U.S. Franchised Electric and Gas, Commercial Power and International Energy.

Dynegy Inc. (NYSE:DYN) gained 0.63% to $ 4.81 on over 2.10 million shares. Over the past 52-weeks, the stock has been trading within the range of $ 2.76-$ 13.35. The daily average volume of the stock is 14.43 million shares.

Dynegy Inc. is a holding company and conducts the business operations through its subsidiaries. The primary business of Dynegy is the production and sale of electric energy, capacity and ancillary services from the fleet of 18 operating power plants in six states totaling approximately 12,300 megawatt (MW) of generating capacity.

American Electric Power Company, Inc. (NYSE:AEP) went up 0.95% to $ 35.15 after 2.05 million shares of trade. The daily average volume of the stock is 3.83 million shares. So far, the market capitalization of the stock stood at $ 16.85 billion.

FirstEnergy Corp. (NYSE:FE) gained 0.25% to $ 35.93 on over 1.95 million shares. FirstEnergy Corp. is principally a holding company that holds, directly or indirectly, eight principal electric utility operating subsidiaries: Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Pennsylvania Power Company, American Transmission Systems, Inc., Jersey Central Power & Light Company, Metropolitan Edison Company and Pennsylvania Electric Company, and its generating and marketing subsidiary, FirstEnergy Solutions Corp.

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