Electric 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

(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

(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

(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

(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

(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

(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

(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

(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

(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

(AEP) American Electric Power Company Show Strong Fourth Quarter

Before the bell, American Electric Power Company Inc. (AEP) reported its fourth quarter and full year 2012 results. In the reported quarter, the company clocked operating earnings of 50 cents per share, beating  the Zacks Consensus...

26Feb2013 | | Comments Off on (AEP) American Electric Power Company Show Strong Fourth Quarter | Continued

(DUK) Duke Energy Files Rate Hike to Recoup Costs

Duke Energy Carolinas, a subsidiary of Duke Energy Corporation (DUK), has requested the North Carolina Utilities Commission (“NCUC”) to make a 9.7% rate increase. If approved, the rate increase would generate $446 million more...

19Feb2013 | | Comments Off on (DUK) Duke Energy Files Rate Hike to Recoup Costs | Continued

(NRG) NRG Energy’s Alpine Plant Comes Online

NRG Energy Inc.’s (NRG) renewable division NRG Solar announced the commencement of operation at its 66 megawatt (“MW”) Alpine Generating station in Los Angeles County, California. The (AC) photovoltaic facility will generate...

18Feb2013 | | Comments Off on (NRG) NRG Energy’s Alpine Plant Comes Online | Continued

(AES) AES to Sell Two Ukraine Businesses

The AES Corporation (AES) has entered into an agreement with VS Energy International to sell two of its power distribution businesses in Ukraine. Subject to local regulatory approval, the transaction is expected to close by mid 2013.

The...

18Feb2013 | | Comments Off on (AES) AES to Sell Two Ukraine Businesses | Continued

(DUK) Duke Energy Shedding Coal Plants

Duke Energy Corporation (DUK) announced that its Buck and Riverbend steam stations, coal-fired power plants in the Charlotte area, will retire two years earlier than scheduled. Earlier, both stations had been slated for retirement...

15Feb2013 | | Comments Off on (DUK) Duke Energy Shedding Coal Plants | Continued

(TE) Teco Energy Likely to Beat

We expect diversified utility company Teco Energy Inc. (TE) to beat expectations when it reports fourth-quarter 2012 results on Feb 5, 2013.

Why a Likely Positive Surprise?

Our proven model shows that...

11Feb2013 | | Comments Off on (TE) Teco Energy Likely to Beat | Continued

(SO) Georgia Power Files a 20-year Plan

Georgia Power Co. – the largest subsidiary of electric utility firm Southern Company (SO) – has filed a 20-year resource plan with the Georgia Public Service Commission (PSC), asking for a planned reduction in its power generating...

11Feb2013 | | Comments Off on (SO) Georgia Power Files a 20-year Plan | Continued

(D) Earnings Preview: Dominion Resources

Dominion Resources Inc. (D) is slated to release its fourth quarter 2012 financial results before the market bell on Jan 31, 2013. In the last quarter, the power generation, distribution and transmission company posted a negative surprise...

10Feb2013 | | Comments Off on (D) Earnings Preview: Dominion Resources | Continued

(CNL) Alternative Energy Stock Outlook – February 2013 – Zacks Analyst Interviews

Historically, the growth outlook of alternative energy companies has been directly related to the state of the economy and inversely related to the prices of petroleum products. While that relationship remains in place, other macroeconomic uncertainties are weighing on the sector’s fortunes.

According...

9Feb2013 | | Comments Off on (CNL) Alternative Energy Stock Outlook – February 2013 – Zacks Analyst Interviews | Continued

(DUK) Duke Energy Draws Neutral Rating by Analyst

On January 3, we reiterated our Neutral recommendation on Duke Energy Corporation (DUK) based on its stable electricity and gas operations which generate a relatively steady and growing earnings stream. The company holds a Zacks #3...

15Jan2013 | | Comments Off on (DUK) Duke Energy Draws Neutral Rating by Analyst | Continued

(EIX) Edison International – Bull of the Day

We upgrade our long-term recommendation on Edison International (EIX) from Neutral to Outperform, owing to the inherent business strength of its regulated utility Southern California Edison. Although the company reported a third quarter earnings...

9Jan2013 | | Comments Off on (EIX) Edison International – Bull of the Day | Continued

(FE) FirstEnergy Analyst Maintains Shares at Neutral

We reaffirm our Neutral recommendation on Ohio utility major FirstEnergy Corporation (FE). The company posted mixed outcomes in the third quarter 2012 with the top-line falling short of the Zacks Consensus Estimate while the bottom-line...

1Jan2013 | | Comments Off on (FE) FirstEnergy Analyst Maintains Shares at Neutral | Continued

(CPN) Calpine Closes Natural Gas Asset Sale

Wholesale utility play, Calpine Corporation (CPN) closed its Broad River Energy Center divestiture for an amount of $427 million plus adjustments (roughly $504 per kilowatt) to Broad River Power LLC, an associate of Energy Capital...

1Jan2013 | | Comments Off on (CPN) Calpine Closes Natural Gas Asset Sale | Continued

(OGE) OGE Energy Boosts Dividend Again

OGE Energy Corporation (OGE), a distributor of natural gas and electricity, primarily in the South Central United States, has increased its quarterly dividend by 6.37%, bringing the annualized dividend...

4Dec2012 | | Comments Off on (OGE) OGE Energy Boosts Dividend Again | Continued

(DUK) Duke Energy Third Quarter 2012 Earnings Preview

Duke Energy Corporation (DUK) is expected to release its third quarter 2012 results before the opening bell on November 8, 2012. The Zacks Consensus Estimate for the third quarter of 2012 is $1.45 per share (year-over-year decrease...

20Nov2012 | | Comments Off on (DUK) Duke Energy Third Quarter 2012 Earnings Preview | Continued