EdgeWater 10/27/2010 10:05:09 PM
News / Business

Top Traded Utility Stock Movers (FE, RRI, DUK, AYE)

Top Traded Utility Stock Movers

FirstEnergy Corp. (NYSE:FE) went down 0.88% to $6.90 after BofA/Merrill Lynch downgraded the stock from Neutral to Underperform.

The stock opened at $36.99 and traded within the range of $35.88-$37.10. The stock went down more than 23% year-to-date. 

RRI Energy, Inc. (NYSE:RRI) surged 2.82% to $3.65. Yesterday, the company and Mirant Corporation (NYSE: MIR) announced that stockholders of both companies have approved the proposals related to their proposed merger to form GenOn Energy, Inc. All proposals considered at each company’s special meeting of stockholders passed by substantial margins.

Over the past 52-week, the stock had traded within the range of $3.35-$6.41. 

Duke Energy Corporation (NYSE:DUK) added 0.51% to $17.86. The company announced that it has declared a quarterly cash dividend on its common stock of $0.245 per share. The dividend is payable on Dec. 16, 2010, to shareholders of record at the close of business Nov. 12, 2010.

The stock opened at $17.75 and traded within the range of $17.65-$17.87.

Allegheny Energy, Inc. (NYSE:AYE) slid 0.77% to $23.23. The company authorized a cash dividend of $0.15 per outstanding share of the company's common stock. The dividend is payable December 27, 2010 to shareholders of record at the close of business on December 13, 2010.

The stock went down more than 2% year-to-date.

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