Utilities

(TE) TECO Energy Reaches 52-Week High

On May 22, 2013, the shares of TECO Energy Inc. (TE) climbed to its 52-week high of $19.22 driven by a revival of Florida’s economy, gradual improvement in natural gas prices and chances of recovery of the coal market.

In first...

26Sep2013 | | Comments Off on (TE) TECO Energy Reaches 52-Week High | Continued

(ED) Consolidated Edison in 50-50 Partnership with Sempra

Consolidated Edison (ED) announced it would acquire a 50% stake in two solar farms owned by Sempra U.S. Gas & Power, a subsidiary of Sempra Energy (SRE), under construction...

27Aug2013 | | Comments Off on (ED) Consolidated Edison in 50-50 Partnership with Sempra | Continued

(XEL) Xcel Energy’s Shareholders See Dividend Increase

The board of directors of electricity and natural gas company Xcel Energy Inc. (XEL) has approved a penny increase to the quarterly dividend of the company. The new quarterly dividend will be 28 cents. The revised dividend is payable...

31Jul2013 | | Comments Off on (XEL) Xcel Energy’s Shareholders See Dividend Increase | Continued

(ELP) Companhia Paranaense de Energia’s First Quarter Earnings Beat Estimates

Companhia Paranaense de Energia (ELP), also known as COPEL, reported its financial results for the first quarter 2013 on May 16, 2013. The company’s net income in the quarter increased 24.7% year over year to R$398.7...

14Jul2013 | | Comments Off on (ELP) Companhia Paranaense de Energia’s First Quarter Earnings Beat Estimates | Continued

(SRE) Sempra Energy in Louisiana LNG Pact

Sempra Energy (SRE) struck a 20-year deal with GDF SUEZ S.A., Mitsubishi Corporation and Mitsui & Co., Ltd. for the development, financing and construction of a liquefied natural gas (“LNG”) facility in the Cameron...

9Jul2013 | | Comments Off on (SRE) Sempra Energy in Louisiana LNG Pact | Continued

(TRP) TC PipeLines Adds Gas Transmission Northwest and Bison Pipeline Stake

Pipeline operator, TC PipeLines LP (TCP) entered into a deal with North American energy company, TransCanada Corporation (TRP) to raise its stake in each of Gas Transmission...

27Jun2013 | | Comments Off on (TRP) TC PipeLines Adds Gas Transmission Northwest and Bison Pipeline Stake | Continued

(DUK) Duke Misses Earnings and Tops Revenues

Duke Energy Corp. (DUK) reported adjusted first quarter 2013 earnings of $1.02 per share that came below the Zacks Consensus Estimate of $1.04. The quarterly earnings also fell below the year-ago figure of $1.13 by 9.7%.

The...

23May2013 | | Comments Off on (DUK) Duke Misses Earnings and Tops Revenues | Continued

(CNP) CenterPoint Energy Lags Earnings – Beats Revenues

CenterPoint Energy Inc. (CNP), a domestic energy delivery company, reported first quarter 2013 results with adjusted earnings of 34 cents per share missing the Zacks Consensus Estimate of 37 cents. However, earnings were flat year...

16May2013 | | Comments Off on (CNP) CenterPoint Energy Lags Earnings – Beats Revenues | Continued

(NRG) SunPower Books Earnings in First Quarter – Sales Beat

SunPower Corporation’s (SPWR) first quarter 2013 adjusted earnings per share (including stock-based compensation) were 15 cents per share compared to a loss of 23 cents per share incurred in the year-ago quarter.

The results...

16May2013 | | Comments Off on (NRG) SunPower Books Earnings in First Quarter – Sales Beat | Continued

(TEG) Integrys Energy Group Tops Earnings and Sales Forecasts

Integrys Energy Group, Inc. (TEG) reported first quarter 2013 pro forma earnings of $1.76 per share, up 12.8% from the year-ago quarter. Earnings also comfortably beat the Zacks Consensus Estimate by 10.7%.

The upside was due...

15May2013 | | Comments Off on (TEG) Integrys Energy Group Tops Earnings and Sales Forecasts | Continued

(AEE) Ameren Misses Earnings – Increases Year Over Year

Before the bell, Ameren Corp. (AEE) reported first quarter 2013 earnings from continuing operations of 22 cents per share, below the Zacks Consensus Estimate of 26 cents. However, the quarterly result jumped 46.7% from the year-earlier...

14May2013 | | Comments Off on (AEE) Ameren Misses Earnings – Increases Year Over Year | Continued

(D) Dominion Resources Hits 52-Week High

On Apr 19, 2013, shares of Dominion Resources Inc. (D) hit a 52-week high of $61.09. Dominion Resources registered a positive earnings surprise in the last quarter, with an earnings beat of 1.47%.

The company completed several...

13May2013 | | Comments Off on (D) Dominion Resources Hits 52-Week High | Continued

(NRG) SunPower Books Earnings in First Quarter – Sales Beat

SunPower Corporation’s (SPWR) first quarter 2013 adjusted earnings per share (including stock-based compensation) were 15 cents per share compared to a loss of 23 cents per share incurred in the year-ago quarter.

The results...

3May2013 | | Comments Off on (NRG) SunPower Books Earnings in First Quarter – Sales Beat | Continued

(UTL) Unitil Corporation Makes Rate Plea in New Hampshire

New Hampshire local natural gas distribution utility of Unitil Corporation (UTL) has made a request for an increase in natural gas distribution base rates. The request is made to New Hampshire Public Utilities Commission (NHPUC). It...

3May2013 | | Comments Off on (UTL) Unitil Corporation Makes Rate Plea in New Hampshire | Continued

(PNW) Pinnacle West Capital Starts Solar Operation in Yuma

Pinnacle West Capital Corp’s (PNW) primary subsidiary Arizona Public Service & Co announced the conclusion of the first phase of the Foothills Solar Power Plant in Yuma County, Ariz., bringing online 17 megawatt (“MW’)....

3May2013 | | Comments Off on (PNW) Pinnacle West Capital Starts Solar Operation in Yuma | Continued

(PCG) PG&E Misses Earnings

PG&E Corporation’s (PCG) adjusted operating earnings per share of 63 cents in the first quarter of 2013 fell short of the Zacks Consensus Estimate of 70 cents. The reported figure also came in below the year-ago number of 89...

2May2013 | | Comments Off on (PCG) PG&E Misses Earnings | Continued

(WEC) Wisconsin Energy Beats Earnings Estimates

Wisconsin Energy Corporation (WEC) posted first-quarter 2013 net operating earnings of 76 cents per share, beating the Zacks Consensus Estimate by 5 cents.  The 2 cent year-over-year rise in earnings was primarily driven by higher...

1May2013 | | Comments Off on (WEC) Wisconsin Energy Beats Earnings Estimates | Continued

(AEP) American Electric Power Company Earnings Meet Estimates

American Electric Power Company Inc. (AEP) posted adjusted first quarter 2013 operating earnings of 80 cents per share, which came in line with the Zacks Consensus Estimate as well as the year-ago profit.

The company witnessed...

29Apr2013 | | Comments Off on (AEP) American Electric Power Company Earnings Meet Estimates | Continued

(NU) Northeast Utilities Remains Neutral

We are maintaining our Neutral recommendation on Northeast Utilities (NU). The company currently has a Zacks Rank #2 (Buy).

Why the Reiteration?

The reiteration is primarily based on risks associated with...

27Apr2013 | | Comments Off on (NU) Northeast Utilities Remains Neutral | Continued

(FE) FirstEnergy Corporation Unit to Upgrade Assets

FirstEnergy Corporation (FE) is progressing with its modernization work and joining the drive is the company’s business wing Pennsylvania Electric Company (Penelec). Penelec announced its plan to invest roughly $105 million to develop...

27Apr2013 | | Comments Off on (FE) FirstEnergy Corporation Unit to Upgrade Assets | Continued

(OKE) ONEOK Inc. Hits 52-Week High

On Apr 16, 2013, the shares of ONEOK Inc. (OKE) climbed to its 52-week high of $50.02 driven by completion of three important organic projects and strong fourth-quarter and full-year 2012 results. The strong results were driven by...

27Apr2013 | | Comments Off on (OKE) ONEOK Inc. Hits 52-Week High | Continued

(NI) NiSource Concludes Notes Issuance

NiSource Inc.’s (NI) ancillary NiSource Finance Corp. concluded the sale of $750 million, 4.80% Series 1, long-term notes due Feb 15, 2044. The company will utilize the net proceeds to finance its short-term obligations under the...

27Apr2013 | | Comments Off on (NI) NiSource Concludes Notes Issuance | Continued

(CMS) CMS Energy Reaches 52-Week High

On Apr 12, 2013, shares of CMS Energy Corporation (CMS) hit a 52-week high of $28.76. CMS Energy registered positive earnings surprises in the last three quarters, with an average beat of 3.75%.

In 4Q12, the company reported...

23Apr2013 | | Comments Off on (CMS) CMS Energy Reaches 52-Week High | Continued

(NU) Northeast Utilities Hits 52-Week High

On Apr 12, 2013, the shares of Northeast Utilities (NU) climbed to its 52-week high of $44.74 driven by its strong projects pipeline and diversified asset base. We expect the company’s long-term earnings growth to be 7.55%.

As...

21Apr2013 | | Comments Off on (NU) Northeast Utilities Hits 52-Week High | Continued

(DUK) Duke Energy Buys Twin Solar Farms

Duke Energy Renewables, a unit of Duke Energy Corporation (DUK), has completed the acquisition of two commercial solar power projects, namely, Highlander Solar 1 and 2 for an undisclosed amount. The company has purchased the projects...

18Apr2013 | | Comments Off on (DUK) Duke Energy Buys Twin Solar Farms | Continued

(PPL) PPL Corporation Attains 52 Week High

On Apr 11, 2013, the shares of PPL Corporation (PPL) climbed to its 52-week high of $31.95 driven by its strong liquidity position, diversified asset portfolio and steady inorganic growth strategy. The company had reported solid fourth-quarter...

18Apr2013 | | Comments Off on (PPL) PPL Corporation Attains 52 Week High | Continued

(XEL) Xcel Energy to Remain Neutral

We reiterate our Neutral recommendation on Xcel Energy Inc. (XEL). The Minneapolis-based electricity and natural gas company at present carries a Zacks Rank #2 (Buy).

Why the Reiteration?

We believe the...

18Apr2013 | | Comments Off on (XEL) Xcel Energy to Remain Neutral | Continued

(AWK) American Water Works Hits 52-Week High

On Apr 8, 2013, shares of American Water Works Company Inc. (AWK) hit a 52-week high of $41.85. American Water Works registered positive earnings surprises in three of the last four quarters of 2012, with an average beat of 7.21%.

In...

18Apr2013 | | Comments Off on (AWK) American Water Works Hits 52-Week High | Continued

(EIX) Edison International Retained at Outperform

On Mar 14, we retained our Outperform recommendation on Edison International (EIX) following its fourth-quarter results, where reported numbers comfortably beat the Zacks Consensus Estimates. This diversified utility presently carries...

24Mar2013 | | Comments Off on (EIX) Edison International Retained at Outperform | Continued

(EIX) Edison International to Miss Again?

Edison International (EIX) is slated to release its fourth quarter 2012 financial results after the market bell on Feb 26, 2013. In the last reported quarter, the electric generation and distribution company posted a negative surprise...

4Mar2013 | | Comments Off on (EIX) Edison International to Miss Again? | Continued