Plains GP Holdings, L.P. (NYSE:PAGP) [Trend Analysis] retains strong position in active trade, as shares scoring 0.48% to $12.54 in a active trade session, while looking at the shares volume, about 3.56 Million shares have changed hands in this session. Plains GP Holdings, L.P. (NYSE:PAGP) released that it will hold a special meeting of shareholders on Tuesday, November 15, 2016.
At the special meeting, the Firm’s Class A and Class B shareholders will meet to consider and vote upon a proposal to approve the before reported Simplification Contract, dated July 11, 2016, by and amidPAGP, PAA GP Holdings LLC, Plains AAP, Plains All American GP LLC, Plains All American Pipeline, L.P. (PAA), and PAA GP LLC, and related transactions.
Shareholders of record as of the close of business on September 30, 2016 will be entitled to vote at the special meeting. The firm has institutional ownership of 79.40%, while insider ownership included 0.80%. PAGP attains analyst recommendation of 2.60 with week’s performance of 10.48%. Investors looking additional ahead will note that the Price to next year’s EPS is 10.84%.
DTE Energy Firm (NYSE:DTE) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -0.23% to 96.63 with about 787722 shares have changed hands in this session. DTE Energy reported it will purchase midstream natural gas assets in support of the firm’s strategy to continue to grow and earn competitive returns for shareholders.
The contract calls for DTE to purchase 100 percent of Appalachia Gathering System (AGS), located in Pennsylvania and West Virginia, and 40 percent of Stonewall Gas Gathering (SGG), in West Virginia, from M3 Midstream. In addition, DTE will purchase 15 percent of SGG from Vega Energy Partners. The combined purchase price for the assets to be takeoverd by DTE is $1.3 billion. These assets will become part of the DTE’s non-utility Gas Storage and Pipeline business which presently owns and manages a network of natural gas gathering, transmission and storage facilities serving the Midwest, Ontario and Northeast markets.
These assets gather natural gas produced in the Appalachia region and provide access to multiple markets, comprising the Great Lakes region, through interconnections with Columbia Gas Transmission, Texas Eastern Transmission and the NEXUS Gas Transmission project presently being developed by DTE and Spectra Energy. Demand for natural gas in the Great Lakes region is predictable to raise importantly, driven by coal to gas conversions for electricity generation and economic growth. The low-cost natural gas supply from the Marcellus/Utica region is predictable to serve this growth and displace higher cost alternatives. The stock is going forward its fifty-two week low with 29.17% and lagging behind from its 52-week high price with -2.99%.
Same, the positive performance for the quarter recorded as 0.99% and for the year was 26.04%, while the YTD performance remained at 23.47%. DTE has Average True Range for 14 days of 1.50.
Shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) [Trend Analysis] swings enthusiastically in regular trading session, it can raise of 3.40% to close at $3.35. Moving forward to saw long-term intention, the experts calculate Return on Investment of -2.10%. The stock is going forward its fifty-two week low with 204.55% and lagging behind from its 52-week high price with -57.59%. SHIP last month stock price volatility remained 12.59%.