Hot Movers: FirstEnergy Corp, Public Service Enterprise Group, the AES Corporation, Exelon Corporation

Lakeway, NY -- (SBWIRE) -- 02/22/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

FirstEnergy Corp. (NYSE:FE) shares declined 1.63% to $39.90. The company, on Feb. 20, announced that Jon Taylor, vice president and assistant controller, has been named the company's vice president, controller and chief accounting officer, effective May 1, 2013. He succeeds Harvey L. Wagner, who has elected to retire. In his new role, Taylor will have responsibility for the accounting, tax, and financial reporting activities of FirstEnergy and its subsidiaries. He will report to James F. Pearson, senior vice president and chief financial officer.

Get Latest News, Updates on FE Here

Public Service Enterprise Group Inc. (NYSE:PEG) shares climbed 1.44% and closed at $31.74. Public Service Electric and Gas Company (PSE&G), subsidiary of Public Service Enterprise Group Inc., on Feb. 20, has proposed to invest $3.9 billion during the next 10 years to proactively protect and strengthen its electric and gas systems against adverse weather conditions. In a filing with the New Jersey Board of Public Utilities, PSE&G asked for initial funding approval of $2.6 billion during the first five years. Since some of the improvements will take more than five years to implement, the utility may seek approval to spend an additional $1.3 billion in the following five years to complete the program.

Is PEG a Strong Buying Opportunity After The Recent Slump? Find out Here

The AES Corporation (NYSE:AES) shares dropped 2.73% and closed at $11.06 in the last trading session. The company, on Feb. 1, announced that it has agreed to sell its two power distribution businesses in Ukraine to VS Energy International. Under the agreement, AES will sell its 89.12% equity interest in AES Kyivoblenergo and its 84.56% equity interest in AES Rivneoblenergo. The transaction is expected to close by mid-2013.

Is AES Signaling a Buy After The Sudden Slump? Don’t Miss Out Free Trend Analysis Here

Exelon Corporation (NYSE:EXC) shares decreased 0.30% to $30.20. Constellation, a business unit of Exelon, recently launched Constellation Rate Response, which provides new options for commercial and industrial (C&I) customers to lower their electricity supply costs by participating in load response programs.

Additionally, Sanford C. Bernstein reissued their market perform rating on shares of Exelon in a report released yesterday. Sanford C. Bernstein currently has a $36.00 target price on the stock.

Is EXC a Strong Buying Opportunity After The Recent Fall? Get Free Trend Analysis Here

About ThePennyStockProfiler.com
ThePennyStockProfiler.com is engaged in providing the most up to date and useful information on Microcap Stocks poised to breakout. ThePennyStockProfiler.com also provides investors with trend analysis, detailed company profiles, and most importantly a much needed "informational edge" which can be used as a tool for making investment decisions. To Receive Instant updates in the inbox, readers are advised to sign up for free at http://www.ThePennyStockProfiler.com

Disclaimer
The assembled information disseminated by ThePennyStockProfiler.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. ThePennyStockProfiler.com does expect that investors will buy and sell securities based on information assembled and presented in phd-trading.com. PLEASE always do your own due diligence, and consult your financial advisor.