Gas Utilities

(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

(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

(GAS) AGL Resources Incorporated – Bear of the Day

We are maintaining our Underperform recommendation on AGL Resources, Inc. (GAS) with a target price of $35. We expect shareholder sentiment towards the company to remain lukewarm, considering its investment in higher-risk unregulated...

11Jul2012 | | Comments Off on (GAS) AGL Resources Incorporated – Bear of the Day | Continued

(GAS) AGL Resources – Bear of the Day

We are maintaining our Underperform recommendation on AGL Resources, Inc. (GAS) with a target price of $36. We expect shareholder sentiment towards the company to remain lukewarm, considering its investment in higher-risk unregulated...

8Mar2012 | | Comments Off on (GAS) AGL Resources – Bear of the Day | Continued

(GAS) AGL Resources Incorporated – Bear of the Day

We are initiating coverage on AGL Resources Inc. (GAS) with an Underperform recommendation and a target price of $39. We expect shareholder sentiment towards the company to remain lukewarm, considering its investment in higher-risk...

13Jan2012 | | 0 comments | Continued

(GAS) AGL Resources Incorporated – Bear of the Day

We are initiating coverage on AGL Resources Inc. (GAS) with an Underperform recommendation and a target price of $39. We expect shareholder sentiment towards the company to remain lukewarm, considering its investment in higher-risk...

9Jan2012 | | 0 comments | Continued

(SRE) Sempra Energy Gets Nod for Wind Project

Sempra Generation, a subsidiary of Sempra Energy (SRE), received approval from The Hawaii Public Utilities Commission for a 20-year contract to supply 21 megawatts (MW) of wind power from its Auwahi Wind project to the Maui Electric...

19Jun2011 | | 0 comments | Continued

(SUG) Southern Union to Unite with Energy Transfer Equity

Southern Union Company (SUG) has entered into a definite agreement with Energy Transfer Equity, L.P. (ETE) under which the latter has agreed to buy Southern Union for...

19Jun2011 | | 0 comments | Continued

(SRE) Sempra Energy to Get Further Energized

San Diego Gas & Electric (“SDG&E”), a subsidiary of Sempra Energy (SRE) has filed for regulatory approval of three new power-purchase contracts for a total of 450 megawatts (MW) of quick-start generation from Peaker plants...

15Jun2011 | | 0 comments | Continued

(AGL) Company News for May 20, 2011 – Corporate Summary

•    Professional-networking site LinkedIn (NASDAQ:LNKD) made its debut at the New York Stock Exchange on Thursday. Share prices rocketed 109.44% to more than double to close at $94.25

•    Pet-store chain PetSmart, Inc.’s (NASDAQ:

20May2011 | | 0 comments | Continued

(OKE) ONEOK Incorporated Misses Earnings Estimates

ONEOK Inc. (OKE) reported a first-quarter profit of $1.19 per share, down from $1.44 earned in the year-ago quarter. The quarterly results also lagged the Zacks Consensus Estimate of $1.32 per share.

The year-over-year decline...

4May2011 | | 0 comments | Continued

(SUG) Southern Union Analyst Maintains Neutral on Shares

We continue to maintain our long-term Neutral recommendation on Southern Union Company (SUG), supported by a Zacks #3 Rank (Hold).

The Houston-based company is one of the U.S.’s leading diversified natural gas companies, engaged...

13Apr2011 | | 0 comments | Continued

(EPB) El Paso Pipeline Partners Adds to Southern Natural Gas Company Stake

El Paso Pipeline Partners L.P. (EPB) said it will acquire an additional 22% interest in Southern Natural Gas Company (SNG) from El Paso Corporation (EP). The partnership...

28Mar2011 | | 0 comments | Continued

(SRE) Sempra Energy Contracts With Suntech Power Holdings for Solar Panels

Sempra Energy (SRE), through its subsidiary Sempra Generation will procure solar panels from Suntech Power Holdings Co. Ltd. (STP). The panels would be utilized for...

9Feb2011 | | 0 comments | Continued

(AGL) Stock Market News for December 8, 2010 – Market News

Agreement on extending the Bush-era tax cuts for another two years did little to boost stocks Tuesday as concerns over European finances and a sharp jump in bond yields tempered investors’ enthusiasm.

The Dow Jones industrial average, after rising as much as 89 points, closed with a drop...

9Dec2010 | | 0 comments | Continued

(SRE) Sempra Energy Enters 20-Year Agreement with Pacific Gas & Electric

Sempra Energy (SRE) entered into a 20-year power-purchase agreement with Pacific Gas & Electric Company (PCG) to sell 150 megawatts (MW) of solar power produced...

17Oct2010 | | 0 comments | Continued

(SRE) Sempra Energy Unloads Joint Venture to JPMorgan Chase

Sempra Energy (SRE) completed the sale of its joint venture with Royal Bank of Scotland Group PLC (RBS) – RBS Sempra Commodities to JPMorgan Chase & Co....

3Jul2010 | | 0 comments | Continued

(SUG) Southern Union’s Earnings Report Lags Consensus

Southern Union Company (SUG) reported adjusted earnings per share of 44 cents in the first quarter of 2010, compared with 56 cents in the first quarter of 2009. The results of the company fell 8 cents short of the Zacks Consensus expectation...

17May2010 | | 0 comments | Continued

(PNY) Piedmont Natural Gas to Supply Natural Gas to Sutton Power Facility

Piedmont Natural Gas (PNY) and Progress Energy Carolinas, a subsidiary of Progress Energy Inc. (PGN), signed an agreement wherein Piedmont will supply natural gas to...

19Apr2010 | | 0 comments | Continued

(EQT) EQT Corporation Analyst Upgrades to Neutral

We have recently upgraded EQT Corporation (EQT) to “Neutral” from “Underperform”.

EQT is an integrated energy company with an emphasis on natural gas supply activities in the Appalachian area Incorporatedluding...

18Apr2010 | | 0 comments | Continued

(EPB) El Paso Pipeline Partners Buys Assets – Issues $425 Million Debt Offering

El Paso Pipeline Partners L.P. (EPB) has agreed to buy interests in two energy companies for $810 million. Separately, the company announced the commencement of a $425 million debt offering, which is due in 2020.

27Mar2010 | | 0 comments | Continued

(EQT) EQT Corporation Raises Earnings Guidance

To accelerate development of its Marcellus and Huron/Berea plays’ properties, EQT Corporation (EQT) has announced 12.5 million shares of its common stock offering.

Early last week, the company announced its intention to buy...

10Mar2010 | | 0 comments | Continued

(EQT) EQT Corporation Buys Marcellus Assets

EQT Corp. (EQT) has decided to purchase approximately 58,000 net acres in the Marcellus Shale from a group of private operators and landowners in a stock and cash deal. The acreage is located primarily in Cameron, Clearfield, Elk and...

3Mar2010 | | 0 comments | Continued

(GAS) Nicor Beats Consensus Estimate – Earnings Surge

Gas distributor Nicor Inc. (GAS) reported better-than-expected fourth quarter results, reflecting improved operating income in the company’s gas distribution and other energy-related businesses on the back of higher rates and cost...

24Feb2010 | | 0 comments | Continued

(OKE) ONEOK Incorporated Raises Dividend Payouts

The Board of Directors of ONEOK Inc. (OKE) has raised the quarterly dividend by 4.8% to 44 cents per share of common stock from 42 cents per share. The dividend is payable on February 12, 2010, to shareholders of record at the close...

21Jan2010 | | 0 comments | Continued

(OKE) ONEOK Provides 2010 Outlook

Yesterday, ONEOK Inc. (OKE) and its limited partnership ONEOK Partners L.P. (OKS) updated their 2009 outlook and provided 2010 earnings guidance.

ONEOK raised...

20Jan2010 | | 0 comments | Continued

(EQT) EQT Corporation – Bear of the Day

Ahead of the fourth-quarter results, we are initiating coverage on EQT Corporation (EQT) with an Underperform recommendation and a target price of $39.

The company continues to deliver consistent production growth on the back...

15Jan2010 | | 0 comments | Continued

(EQT) EQT Corporation Analyst Initiates Coverage at Underperform

We have recently initiated coverage on EQT Corporation (EQT) with an Underperform recommendation and a target price of $39.

Based in Pittsburgh, Pennsylvania, EQT is an integrated energy company with an emphasis on natural gas...

15Jan2010 | | 0 comments | Continued

(GAS) Analysts Initiating Nicor at Neutral

We are initiating coverage on Nicor Inc. (GAS) with a Neutral recommendation and a target price of $45.

Nicor’s core regulated gas distribution business, Nicor Gas, boasts of a large, stable, residential, and commercial customer...

30Dec2009 | | 0 comments | Continued