Diversified Utilities

(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

(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

(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

(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

(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

(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

(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

(PCG) PG&E Posts Higher Profits

PG&E Corporation’s (PCG) operating earnings per share of 59 cents in the fourth quarter of full year 2012 beat the Zacks Consensus Estimate of 58 cents. However this came below the year-ago number of 89 cents. On a reported basis,...

1Mar2013 | | Comments Off on (PCG) PG&E Posts Higher Profits | Continued

(LNT) Utility Industry Stock Outlook – Febuary 2013 – Industry Outlook

Overview

The rise in population has led to an increasing demand for essential utility supplies. Here utility companies step in with their ability to generate essential supplies in large volumes and cater steadily to the needs of their customers. The utility companies generally...

21Feb2013 | | Comments Off on (LNT) Utility Industry Stock Outlook – Febuary 2013 – Industry Outlook | Continued

(NVE) NV Energy Raises Dividend

The board of directors of NV Energy Inc. (NVE) has approved to increase the quarterly dividend of the company by 11.8% to 19 cents. The revised dividend is payable on Mar 20, 2013, to shareholders of record at the close of business...

11Feb2013 | | Comments Off on (NVE) NV Energy Raises Dividend | Continued

(PCG) PG&E Corporation Revises Rates

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (PCG) has announced rate revision for its electric and gas customers to make up for the costs of additional electric transmission infrastructure to modernize California’s...

3Jan2013 | | Comments Off on (PCG) PG&E Corporation Revises Rates | Continued

(TEG) Integrys Energy Group to Acquire Fox Energy

Wisconsin Public Service Corporation (“WPS”), a business wing of diversified energy company Integrys Energy Group Inc. (TEG), inked an agreement to acquire Fox Energy Company LLC owned by Connecticut-based General Electric...

9Oct2012 | | Comments Off on (TEG) Integrys Energy Group to Acquire Fox Energy | Continued

(WEC) Wisconsin Energy Corporation Plant to Switch to Natural Gas

Energy utility Wisconsin Energy Corporation (WEC) announced that its unit We Energies is planning to convert the 280 MW, coal fired Valley Power Plant generation unit to natural gas. The primary reason for such a conversion is to make...

22Aug2012 | | Comments Off on (WEC) Wisconsin Energy Corporation Plant to Switch to Natural Gas | Continued

(EXC) Exelon Fulfills Merger Commitment

Exelon Corporation (EXC), one of the nation’s largest electric utilities, fulfills its Constellation-merger conditions by deciding to sale three of its Maryland based coal fired power plants to Raven Power Holdings LLC, a unit...

22Aug2012 | | Comments Off on (EXC) Exelon Fulfills Merger Commitment | Continued

(DPL) Alternative-Energy Stock Outlook – November 2011 – Industry Outlook

Historically, the growth outlook of alternative energy companies has been inversely related to the prices of petroleum products and directly related to the fortunes of the economy. In the near term, however, the fortunes of the alternative energy players are undergoing a radical transformation.

On...

19Nov2011 | | 0 comments | Continued

(EXC) Exelon Beats Quarterly Earnings Expectations

Exelon Corporation (EXC) announced second-quarter 2011 operating earnings of $1.05 per share, up from 99 cents per share in the year-ago quarter and ahead of the Zacks Consensus Estimate of 97 cents.

The year-over-year growth...

3Aug2011 | | 0 comments | Continued

(PEG) Public Service Enterprise Group to Sell Texas Power Plant

PSEG Power LLC, a unit of Public Service Enterprise Group Inc. (PEG) announced that it has agreed to the sale of its 1,000 MW gas-fired Odessa generating facility in West Texas. The facility would be sold to Odessa Power, LLC, a subsidiary...

28Jun2011 | | 0 comments | Continued

(CMS) CMS Energy Goes Green in Michigan

Consumers Energy, the major subsidiary of CMS Energy (CMS) has got into an agreement to purchase the total renewable energy output produced by the Fremont Community Digester (“FCD”). The contract is in line with the utility’s...

28Jun2011 | | 0 comments | Continued

(PCG) PG&E Corporation Misses Expectations – Keeps Dividend Steady

PG&E Corporation’s (PCG) operating earning per share of 58 cents in the first quarter of fiscal 2011 fell short by a wide margin versus both the Zacks Consensus Estimate of 81 cents and the year-ago number of 79 cents.

The...

8May2011 | | 0 comments | Continued

(PEG) Public Service Enterprise Group Installs Solar Rooftops

Public Service Electric and Gas Company (PSE&G), a subsidiary of Public Service Enterprise Group Inc. (PEG), along with Matrix Development Group completed installation of two solar rooftops at adjacent Matrix-owned buildings in...

4May2011 | | 0 comments | Continued

(NI) NiSource Quarterly Earnings Report Meets Expectations

Diversified utility NiSource Inc. (NI) posted first quarter 2011 net operating earnings of 72 cents per share, in line with the Zacks Consensus Estimate as well as year-ago results. Net operating earnings totaled $202.3 million, up...

4May2011 | | 0 comments | Continued

(WEC) Wisconsin Energy Beats Earnings Estimates

Energy utility, Wisconsin Energy Corporation (WEC) earned net operating earnings of 72 cents per share in the first quarter of 2011, significantly beating the Zacks Consensus Estimate of 66 cents and the year-ago quarter’s operating...

4May2011 | | 0 comments | Continued

(EXC) Exelon Acquiring Constellation Energy Group

Exelon Corporation (EXC) entered into a definite agreement to acquire Constellation Energy Group Inc. (CEG), for about $7.9 billion. Exelon is expected to issue 0.93...

3May2011 | | 0 comments | Continued

(DPL) DPL Increases Dividend

DPL Inc. (DPL) increased the quarterly dividend on its common stock from $0.3025 to $0.3325 per common share. This action increased the annualized dividend from $1.21 to $1.33 per common share. Over the years, management of DPL has...

13Dec2010 | | 0 comments | Continued

(PCG) PG&E Corporation Issues Fixed Interest Notes

On Thursday, Reuters reported that one of the largest combined natural gas and electric utilities in the U.S. PG&E Corporation (PCG) has issued fixed interest notes. This initiative is in line with its debt restructuring strategies....

18Nov2010 | | 0 comments | Continued

(AEE) Ameren Analysts Upgrade Shares to Outperform

We recently upgraded our recommendation for Ameren Corporation (AEE) from Neutral to Outperform.

Ameren’s stable and regulated electric power operations in the Midwest generate a relatively stable and growing earnings stream....

2Nov2010 | | 0 comments | Continued