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Research analysts at Jefferies Group started coverage on shares of Progress Energy (NYSE:PGN) in a report released on Wednesday, reports. The firm set a “hold” rating on the stock.

Separately, analysts at Stephens initiated coverage on shares of Progress Energy in a research note on Monday, August 4th. They set an “equal weight” rating on the stock.

Progress Energy (NYSE:PGN) opened at 9.51 on Wednesday. Progress Energy has a 52-week low of $9.36 and a 52-week high of $17.50. The stock’s 50-day moving average is $11.05 and its 200-day moving average is $11.05.

Progress Energy, Inc (NYSE:PGN) is a utility holding company engaged in the regulated electric utility business.

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