Latest news with #NehaPanjwani
Yahoo
2 days ago
- Business
- Yahoo
Is Atmos Energy Stock Outperforming the Dow?
Dallas, Texas-based Atmos Energy Corporation (ATO) distributes natural gas. With a market cap of $24.2 billion, the company provides natural gas marketing and procurement services to large customers, as well as manages storage and pipeline assets. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and ATO perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the regulated gas utilities industry. ATO's financial strength stems from operational efficiency, strategic rate management, and infrastructure investments, positioning it for continued financial success and customer service excellence. Forecasts for Sweltering US Heat Lift Nat-Gas Prices Middle East Jitters Underpin Crude Prices Crude Prices Fall on Hopes the Israel-Iran Conflict Will De-Escalate Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Despite its notable strength, ATO shares have slipped 9% from their 52-week high of $167.45, achieved on May 8. Over the past three months, ATO stock has gained 1.2%, underperforming the Dow Jones Industrials Average's ($DOWI) 1.4% gains during the same time frame. In the longer term, shares of ATO rose 9.4% on a YTD basis and climbed 30.3% over the past 52 weeks, outperforming DOWI's YTD marginal losses and 8.6% returns over the last year. To confirm the bullish trend, ATO has been trading above its 200-day moving average over the past year, with minor fluctuations. However, the stock is trading below its 50-day moving average since late May. On May 7, ATO shares closed up marginally after reporting its Q2 results. Its EPS of $3.03 beat Wall Street expectations of $2.92. The company's revenue stood at $2 billion, up 18.4% year over year. ATO expects full-year EPS to be between $7.20 and $7.30. ATO's rival, Southwest Gas Holdings, Inc. (SWX) shares lagged behind the stock, with a 4.6% uptick on a YTD basis and a marginal loss over the past 52 weeks. Wall Street analysts are moderately bullish on ATO's prospects. The stock has a consensus 'Moderate Buy' rating from the 14 analysts covering it, and the mean price target of $162.36 suggests a potential upside of 6.5% from current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
3 days ago
- Business
- Yahoo
Is State Street Stock Outperforming the S&P 500?
State Street Corporation (STT), headquartered in Boston, Massachusetts, provides a range of financial products and services to institutional investors worldwide. Valued at $27.5 billion by market cap, the company's products and services include custody, accounting, administration, daily pricing, international exchange services, cash management, financial asset management, securities lending, and investment advisory services. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and STT perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the asset management industry. State Street's strong brand and global presence are key strengths attracting a diverse client base across over 100 markets. Its robust financial performance, with substantial assets under custody and management, provides flexibility to invest in strategic initiatives and weather economic downturns. Trump Is Giving Tesla's Robotaxis a Leg Up Ahead of June 22. Should You Buy TSLA Stock Now? Dear Nvidia Stock Fans, Mark Your Calendars for July 16 The Trump Family Is Betting Big on Mobile Phones. Should Apple Stock Investors Be Worried? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Despite its notable strength, STT slipped 6.4% from its 52-week high of $103, achieved on Jan. 30. Shares of STT gained 9.8% over the past three months, outperforming the S&P 500 Index's ($SPX) 5.4% rise during the same time frame. In the longer term, shares of STT dipped 1.8% on a YTD basis, underperforming SPX's YTD gains of 1.7%. However, the stock climbed 34.5% over the past 52 weeks, outperforming SPX's 9.3% returns over the last year. To confirm the bullish trend, STT has been trading above its 50-day and 200-day moving averages since early May. STT's outperformance stems from solid fee revenue growth, driven by higher management fees and increased foreign exchange trading activity. On Apr. 17, STT shares closed up more than 2% after reporting its Q1 results. Its EPS increased 48.9% year over year to $2.04. The company's revenue stood at $3.3 billion, up 4.7% year over year. STT's rival, Blackstone Inc. (BX) shares lagged behind the stock, with a 21.3% downtick on a YTD basis and a 11.1% gainover the past 52 weeks. Wall Street analysts are moderately bullish on STT's prospects. The stock has a consensus 'Moderate Buy' rating from the 18 analysts covering it, and the mean price target of $105.25 suggests a potential upside of 9.1% from current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
How Is Hewlett Packard Enterprise's Stock Performance Compared to Other Technology Stocks?
Spring, Texas-based Hewlett Packard Enterprise Company (HPE) delivers solutions that allow customers to capture, analyze, and act upon data seamlessly. Valued at $23.9 billion by market cap, the company provides servers, advanced storage products, high-performance computing, AI-driven platforms, and more. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and HPE fits right into that category with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the communication equipment industry. HPE is a trusted IT brand known for reliability and innovation. Its comprehensive product portfolio, including servers, storage, and networking equipment, makes it a one-stop-shop for enterprise needs. HPE's focus on high-performance computing and edge-to-cloud solutions keeps it at the forefront of tech advancements. Trump Is Giving Tesla's Robotaxis a Leg Up Ahead of June 22. Should You Buy TSLA Stock Now? Dear Nvidia Stock Fans, Mark Your Calendars for July 16 The Trump Family Is Betting Big on Mobile Phones. Should Apple Stock Investors Be Worried? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Despite its notable strength, HPE slipped 27.4% from its 52-week high of $24.66, achieved on Jan. 22. Over the past three months, HPE stock gained 13%, underperforming the Technology Select Sector SPDR Fund's (XLK) 12% gains during the same time frame. In the longer term, shares of HPE declined 16.2% on a YTD basis and fell 17.4% over the past 52 weeks, underperforming XLK's YTD gains of 3.8% and 4.4% returns over the last year. To confirm the bearish trend, HPE has been trading below its 200-day moving average since late February. However, the stock is trading above its 50-day moving average since early May. HPE's underperformance stems from server segment execution issues and industry-wide challenges, including tariff uncertainty, evolving AI policies, and shifting demand patterns affecting order visibility. The company has implemented corrective measures, such as pricing adjustments and inventory reduction. On Jun. 3, HPE shares closed up more than 2% after reporting its Q2 results. Its adjusted EPS came in at $0.38, down 9.5% year over year. The company's revenue stood at $7.6 billion, up 5.9% year over year. The company expects full-year adjusted EPS in the range of $1.78 to $1.90. In the competitive arena of communication equipment, Cisco Systems, Inc. (CSCO) has taken the lead over HPE, showing resilience with a 10.4% gain on a YTD basis and 43% uptick over the past 52 weeks. Wall Street analysts are moderately bullish on HPE's prospects. The stock has a consensus 'Moderate Buy' rating from the 15 analysts covering it, and the mean price target of $21.36 suggests a potential upside of 19.3% from current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
FirstEnergy Stock: Is FE Underperforming the Utilities Sector?
FirstEnergy Corp. (FE), headquartered in Akron, Ohio, generates, transmits, and distributes electricity as well as explores, produces, and distributes natural gas. Valued at $23 billion by market cap, the company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities, and provides energy management and other energy related services. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and FE perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the utilities - regulated electric industry. FirstEnergy's diversified presence in regulated and competitive markets balances its revenue streams. Strategic investments in transmission infrastructure boost grid reliability and support renewable energy integration, serving over 6 million customers across multiple states with a seasoned leadership team. Grains, Unrest, & Gold: What Middle East Tensions Mean for Your Portfolio Now Solar Stocks Are Plunging on Trump's Tax Bill. Should You Buy the Dip? Hot US Temps and Middle East Tensions Boost Nat-Gas Prices Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Despite its notable strength, FE slipped 11.7% from its 52-week high of $44.97, achieved on Sep. 5, 2024. Over the past three months, FE stock has declined marginally, underperforming the Utilities Select Sector SPDR Fund's (XLU) 1.5% gains during the same time frame. In the longer term, shares of FE dipped marginally on a YTD basis but climbed 3.9% over the past 52 weeks, underperforming XLU's YTD gains of 6.2% and 16.2% returns over the last year. To confirm the bearish trend, FE has been trading below its 50-day and 200-day moving averages since early June. On Apr. 23, FE shares closed down marginally after reporting its Q1 results. Its adjusted EPS of $0.67 topped Wall Street expectations of $0.60. The company's revenue was $3.8 billion, beating Wall Street forecasts of $3.7 billion. FE expects full-year adjusted EPS in the range of $2.40 to $2.60. In the competitive arena of utilities - regulated electric, Duke Energy Corporation (DUK) has taken the lead over FE, showing resilience with a 6.5% gain on a YTD basis and 13.9% uptick over the past 52 weeks. Wall Street analysts are moderately bullish on FE's prospects. The stock has a consensus 'Moderate Buy' rating from the 16 analysts covering it, and the mean price target of $45.36 suggests a potential upside of 14.2% from current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
