Utilities Sector Watch - Gurus Hold Three Companies on a 52-Week Low

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Nov 26, 2013
The GuruFocus 52-week low screener reveals that the following three regulated utility companies are on a 52-week low. This sector currently has eight stocks out of 164 at a 52-week low. The low ratio is 0.05. These stocks were also screened for yield, billionaire investors and recent insider action.

Highlight: FirstEnergy Corp. (FE, Financial)

The FE share price is currently around $33.33 or 28.7% off the 52-week high of $46.77. The yield is 6.60%.

Down 20% over 12 months, FirstEnergy Corp. has a market cap of $13.92 billion and is traded with a P/E of 135.40.

Organized in 1996, FirstEnergy Corp. is a diversified energy company. The company includes one of the nation's investor-owned electric systems and a diverse generating fleet with a total capacity of more than 18,000 megawatts. FirstEnergy has 10 regulated distribution companies, serving 6 million customers via 194,000 miles of distribution lines.

In the third quarter, FirstEnergy reported revenue of $4 billion and a net income of $218 million, with diluted earnings of $0.52 per share. In the company’s first nine months of 2013, FirstEnergy reported revenue at $11.3 billion and net income at $250 million. In the same nine-month period of 2012, revenue was $11.8 billion and net income was $919 million.

Guru Action: As of Sept. 30, 2013, Jean-Marie Eveillard’s First Eagle Investment Management LLC is the top guru stakeholder, holding 11,450,733 shares or 2.74% of shares outstanding. First Eagle reduced its position by 16.48%, selling 2,258,941 shares at an average price of $37.56 for a loss of 11.4%. The firm has averaged a loss of 14% on 13,709,674 shares bought at an average price of $38.67 per share. Selling, the firm lost 11% on 2,258,941 shares sold at an average price of $37.56 per share.

Check out the gurus and insiders trading FE.

Tracking share price, revenue and net income:

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Highlight: Exelon Corp. (EXC, Financial)

The EXC share price is currently around $27.27 or 27.9% off the 52-week high of $37.80. The yield is 5.32%.

Down 7% over 12 months, Exelon Corp. has a market cap of $23.33 billion and is traded at a P/E of 14.60.

Incorporated in 1999, Exelon Corporation is a public utility holding company, operating through its principal subsidiaries: ComEd, PECO and Generation. Exelon’s three operating segments are: Energy Delivery, Generation and Enterprises.

The company reported financial results (GAAP) for the third quarter of 2013, with a net income of $738 million, up from $296 million in the same quarter a year ago. Diluted earnings per share were $0.86, up from $0.35 for the same quarter in 2012.

Guru Action: As of Sept. 30, 2013, Charles Brandes made a new buy of 283,764 shares at an average price of $30.67 for a loss of 11.2%. His shares represent 0.03% of shares outstanding.

In the same quarter, Jeremy Grantham increased his position by 45.93%, buying 88,600 shares at an average price of $30.67 for a loss of 11.2%. His shares also represent 0.03% of shares outstanding.

Here are more gurus and insiders trading EXC.

Tracking share price, revenue and net income:

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Highlight: Gas Natural Inc. (EGAS, Financial)

The EGAS share price is currently $8.28 or 23.6% off the 52-week high of $10.84. The yield is 6.50%.

Down 11% over 12 months, Gas Natural Inc. has a market cap of $86.6 million and is traded at a P/E of 12.70.

Originally incorporated in Montana in 1909, Gas Natural Inc. was later reorganized as a holding company in 2009. The company is a natural gas company, primarily operating local distribution companies in seven states and serving approximately 69,000 customers in total.

The company reported financial results for the third quarter of 2013, with a net loss of $1 million, compared to a net loss of $0.7 million in the third quarter of 2012. The company had a net income of $3.5 million for the first nine months of 2013 compared to $1.9 million in the same period of 2012.

Guru Action: As of Sept. 30, 2013, Jim Simons is the only guru stakeholder. In the third quarter, he increased his position by 162.28%, buying 37,000 shares at an average price of $10.34 for a loss of 19.9%.

His shares represent 0.58% of shares outstanding.

He has lost 23% on 86,100 shares bought at an average price of $10.75 per share. Selling, he has also lost 17% on 26,300 shares at an average price of $10.02 per share.

Check out the lone guru stakeholder and lots of insider selling.

Tracking share price, revenue and net income:

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Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.