Wachovia Securities has launched new natural gas coverage, hiring senior analyst Angela Ho, who was responsible for covering natural gas companies such as AGL Resources, Pepco Holdings, Inc., and Piedmont Natural Gas Co. Additional hires will be made in the energy sector, but a spokeswoman declined to comment on specific areas. Ho joined in June from Merrill Lynch and is the fifth senior analyst on the energy team, which covers midstream energy, utilities and oilfield services and drilling.
Wachovia has been expanding its energy coverage since last year. Ho works with, among others, senior electric and gas utilities analyst Samuel Brothwell, who joined last year, also from Merrill. A Wachovia spokeswoman confirmed the new coverage.