Diversified Utilities
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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,...
(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...
(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...
(ED) Consolidated Edison Breaks Ground on 20 Megawatt Solar Facility
Consolidated Edison Inc.’s (ED) wholly owned subsidiary, Con Edison Development and Panda Power Funds broke ground on a 20-megawatt solar electric generating station in Pilesgrove, New Jersey. The 71,400-panel...
(CMS) 21 S&P 500 Companies Are Up More Than 40% Year To Date
If it seems like every stock you own or watch is breaking out to new highs, you’re almost right. As the September rally has continued into October, it has pushed 37.4% of the stocks on the S&P 500 to either new 52-week highs or within a fraction of that high.
While...
(AEE) Ameren Corporation – Bull of the Day
Our bullish outlook for Ameren Corp. (AEE) is supported by the consistent performance across its solid base of stable utility operations in the Midwestern market, as well as its focus on cost minimization,...
(ED) Consolidated Edison to Issue 6.3 Million Shares
Consolidated Edison Inc. (ED) announced that it will issue 6.3 million shares on October 1, 2010. Con Edison expects to invest the net proceeds from the sale of the common shares in its regulated utility subsidiary,...
(NI) NiSource Incorporated – Bull of the Day
We have upgraded our recommendation for NiSource (NI) to Outperform, as we believe the recent equity issue removes a key apprehension on the stock. The issue makes way for the company to reach its $1 billion...
(CMS) Medical Devices Industry Outlook – August 2010 – Zacks Analyst Interviews
Prelude
The global medical devices industry is fairly large, intensely competitive and highly innovative with annual worldwide sales in 2009 in excess of $220 billion. The U.S. accounts for approximately 41% of this market.
The industry is divided...
(CMS) Medical Devices Industry Outlook – August 2010 – Industry Outlook
Prelude
The global medical devices industry is fairly large, intensely competitive and highly innovative with annual worldwide sales in 2009 in excess of $220 billion. The U.S. accounts for approximately 41% of this market.
The industry is divided...
(CNP) CenterPoint Energy Reports Slightly Ahead of Expectations
Energy delivery company – CenterPoint Energy Inc. (CNP) – posted earnings of 32 cents per share in the first quarter of 2010, three cents higher than the Zacks Consensus Estimate of 29 cents per share...
(PEG) Public Service Enterprise Group Misses Quarterly Earnings Forecast
Public Service Enterprise Group Inc. (PEG) reported low first-quarter 2010 operating earnings per share (EPS) of 84 cents compared with the Zacks Consensus Estimate of 86 cents and the year-ago quarter results...
(TEG) Integrys Energy Group Actively Downsizing
Integrys Energy Services Inc., a non-regulated subsidiary of Integrys Energy Group Inc. (TEG) announced the sale of nearly all of its wholesale electric marketing and trading business to Macquarie Cook Power,...
(PEG) Public Service Enterprise Group Refunding Debt
Public Service Enterprise Group Inc. (PEG) has announced refunding $250 million of its outstanding $800 million senior notes at a lower coupon rate while deferring the maturity date. PSEG Power LLC, a wholly-owned...
(PCG) Pacific Gas & Electric Corporation Refinances Debt
Pacific Gas & Electric Corporation (PCG) announced an offering of $250 million of senior notes due March 2037, with a coupon rate of 5.8%. Pacific Gas will use the proceeds to refinance a portion of its...
(EXC) Exelon Corporation’s PECO Energy Subsidiary Raises Capital Plan
PECO Energy Company, a subsidiary of Exelon Corporation (EXC), announced that it has allocated $500 million for capital investments in 2010 to develop facilities and make other operational improvements, such...
(CNP) CenterPoint Energy Gets Grant
CenterPoint Energy Inc.’s (CNP) electric transmission and distribution subsidiary, CenterPoint Energy Houston Electric, LLC, has signed an agreement with the U.S. Department of Energy (DOE) for a $200 million...
(DPL) DPL Energy Resources Building Solar Facility
DPL Inc.’s (DPL) unregulated subsidiary, DPL Energy Resources, will build a 60 kilowatt (kW) solar array at the Mound Advanced Technology Center in Miamisburg, a former Department of Energy Weapons site....
(CMS) CMS Energy Earnings Report Tops Estimates
CMS Energy Corporation’s (CMS) fourth-quarter earnings of 38 cents pushed past the Zacks Consensus EPS estimate of 36 cents and 30 cents in the prior-year quarter. The company clocked an EPS of $1.26 in...
(CNP) CenterPoint Energy Lags Consensus
Energy delivery company CenterPoint Energy Inc. (CNP) posted earnings of 27 cents per share for the fourth quarter of 2009, three cents lower than the Zacks Consensus Estimate of 30 cents but higher than the...
(NU) Northeast Utilities’ Report Shows Earnings Rise
Northeast Utilities (NU) reported fourth quarter 2009 EPS of 48 cents, up from the Zacks Consensus Estimate of 41 cents and last year’s earnings of 46 cents. For the full year 2009, the company reported...