Utilities Stocks Touched New Highs: Korea Electric Power (NYSE:KEP), PNM Resources (NYSE:PNM), Alliant Energy (NYSE:LNT), SCANA Corporation (NYSE:SCG)



AREVA has been awarded a contract by Korea Hydro & Nuclear Power (KHNP), subsidiary of the Korea Electric Power Corporation (ADR) (NYSE:KEP) for the supply and the replacement of six stators for the Kori Nuclear Power Plant Units 3 and 4. Korea Electric Power Corporation (ADR) (NYSE:KEP) stock performance was -0.68% in last session and finished the day at $18.94. Traded volume was 130.5K shares in the last session and the average volume of the stock remained 238.58K shares. The beta of the stock remained 1.31.

RBC Capital initiated coverage on shares of PNM Resources Inc (NYSE:PNM) in a research report released on Friday morning,TheFlyOnTheWall.com reports. The firm issued an outperform rating and a $30.00 price objective on the stock. PNM Resources Inc (NYSE:PNM) rose 1.70 percent to $27.53 Monday on volume of 500.4K shares. The intra-day range of the stock was $27.02 to $27.69. PNM Resources Inc (NYSE:PNM) has a market capitalization of $2.19billion.

Alliant Energy Corporation (NYSE:LNT) received its final permit needed for power plant construction Monday. Kenn Vinson, of Alliant Energy, told city council members Monday night the natural gas-fired generation station received the air permit from the Iowa Department of Natural Resources. Alliant Energy Corporation (NYSE:LNT)’s stock on Apr 14, 2014 reported a increase of 0.62% to the closing price of $57.10. Its fifty two weeks range is $46.79 -$57.38. The total market capitalization recorded $6.33billion. The overall volume in the last trading session was 593.9K shares. In its share capital, LNT has 110.94million outstanding shares.

“The nearly $5.7 billion project to expand the V.C. Summer nuclear plant in South Carolina may continue to have problems with its modules, raising the possibility of more delays for the new reactors that are among the first to be constructed in the country in decades, according to a report from the South Carolina Office of Regulatory Staff. The report, publicly released by state regulators April 7, came a few days after Summer majority owner and SCANA Corporation (NYSE:SCG) subsidiary South Carolina Electric & Gas Co. said that a key date for the installation of a module for Summer unit 2, the first of the two new reactors, has been pushed back.” On Monday, shares of SCANA Corporation (NYSE:SCG) advanced 0.77% to close the day at $52.14. Company return on investment (ROI) is 6.50% and its monthly performance is recorded as 3.91%. SCANA Corporation (NYSE:SCG) quarterly revenue growth is 13.57%.

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