Electric utility Pepco Holdings Inc. (NYSE:POM) announced on Friday that it has loss for the Q1 on lower revenues and charges. Excluding items, the firm declared an adjusted profit, reflecting higher distribution revenue. Looking in advance, the firm maintained its earnings views for fiscal 2013.
Power Delivery revenues for the quarter increased 7% to $1.12B, while Pepco Energy Services revenues dropped 46% to $97M.
The firm’s total operating costs dropped 2% to $1.09B, owing mainly to lower fuel and bought energy costs.
Pepco Holdings’ Q1 net loss was $430M or $1.82 a share, in contrast to net income of $68M or $0.30 a share in the earlier-year quarter.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes FuelCell Energy, Inc. (NASDAQ:FCEL) rose +1.94%, CMS Energy Corporation (NYSE:CMS) edged up +0.20%, Wisconsin Energy Corporation (NYSE:WEC) which also increased +0.54% and NextEra Energy, Inc. (NYSE:NEE) closed up +0.02%.
Pepco Holdings, Inc. (NYSE:POM) stock’s trade at beginning with a price of $22.61 and throughout the trading session climbed at a high of $22.72 other than when day-trade ended the stock finally decreased -0.18% to $22.51.
The stock is going forward its 52 week low with 28.74% and lagging behind from its 52 week high price with -0.88%. POM last month stock price volatility remained 1.37%.
POM stock institutional ownership remained 57.54% while insider ownership included 0.33%. In its share capital POM has 248.20 million outstanding shares among them 247.59 million shares have been floated in market exchange.
Company’s beta coefficient included 0.43. Beta factors measures the amount of market risk associated with market trade.
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