Buckeye (BPL) In Bullish Channel With Wells Fargo (WFC), Nisource (NI), L-3 (LLL)

Buckeye Partners, L.P. (BPL) Friday posted first-quarter net income attributable to Buckeye Partners, L.P of $ 90.4 million correlated with $ 89.3 million in the year-ago quarter. Earnings per share amounted to $0.78 versus $0.86 last year. On average, 12 analysts polled by Thomson Reuters potential earnings per share of $0.93 for the quarter. Buckeye Partners LP (NYSE:BPL), Oil & Gas Pipelines company, tumbled -0.85% in last trading session and ended the day on $78.98. The stock is trading -2.67% below its 52-week high and 33.08% above its 52-week low. Company has 115.95 million shares outstanding with $9157.73 million market capitalization. Buckeye Partners LP has $3.09 EPS currently and sees 36.30% growth this year and 11.61% next year. BPL’s yearly performance is 21.77%. Trade experts think of it as ‘Hold’ stock.

Wells Fargo & Co. (WFC) will hold an Investor Day on May 20, 2014, at 10:45 AM ET. To access the live webcast, log on at https://www.wellsfargo.com/invest_relations/presents To listen to the live call, dial 866-872-5161 (US) or 706-643-1962 (International). For a replay call, dial 855-859-2056 (US) or 404-537-3406 (International) with Conference ID #42271435. Wells Fargo & Company (NYSE:WFC), Money Center Banks, is currently trading at $52.04, which escalated 0.74%. The stock is trading -1.12% below its 50 days high and 12.18% above its 50 days low. WFC has 0.84x price to cash flow ratio with 45.80% profit margin. Its beta value stands at 1.04 times. The firm has the market capitalization of $274098.33 million. WFC showed 9.63% quarterly performance. Analysts rate it a ‘Hold’ stock.

NiSource Inc. (NI) stated its Board of Directors announced a quarterly common dividend payment of $0.26 per share, payable Aug. 20, 2014, to stockholders of record at the close of business July 31, 2014.

This represents a 4 percent burgeon in the company’s dividend. NiSource Inc. (NYSE:NI), Diversified Utilities company, soared 1.81% in last regular trading to $38.29. The stock is priced with the difference of 15.26% 200-day simple moving average and 5.07% 50-day moving average. The RSI of stock currently approaches at the level of 66.79 with 1.79% weekly volatility. The firm maintained its $1.73 EPS for the stock. NI showed 24.97% half yearly performance. Analysts rate it a ‘Hold’ stock.

L-3 Communications Holdings (LLL) swung steadily until mid-morning Tuesday and took out the session highs going into the close. The stock ended the day with a escalate of 5.21 at $121.06 on the highest volume of the year. L-3 Communications Holdings broke out past the upper end of nearly a 3-month trading range Tuesday and set a new high for the year. L-3 Communications Holdings Inc. (NYSE:LLL), Aerospace/Defense Products & Services company, plunged -0.21% in last regular trading to $123.86. The stock is priced with the difference of 15.79% 200-day simple moving average and 5.08% 50-day moving average. LLL has $10680.45 million market capitalization. The stock recorded a trading volume of 922300 shares as compared to its average volume of 978.58 million shares. LLL’s year to date performance is 17.11%. Analysts rate it a ‘Hold’ stock.


Joseph Clements, CPA, is a senior analyst for The Downtown Leader. If you have a great story idea for Joseph Clements, you can write at [Joseph.Clements@downtownleader.com ].