All Posts Tagged With: "DUK"

(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 | 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 | Continued

(PCE) Stock Market News for April 1, 2013 – Market News

Benchmarks finished the last trading session of the month on a positive note. The S&P 500 finally managed to post a new all time high on Thursday. Meanwhile, the number of Americans filing for unemployment benefits increased in the previous week. GDP data revealed that the U.S. economy expanded...

11Apr2013 | | Comments Off | 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 | 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 | 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 | 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 | 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 | Continued

(XLV) Stock Market News for November 13, 2012 – Market News

Apprehension about this week’s “fiscal cliff” discussion between top U.S. leaders and President Barack Obama led to benchmarks ending flat. Trading volumes were light owing to the Veteran’s day holiday. Meanwhile, China’s export growth jumped to a five-month high. The healthcare sector was...

24Nov2012 | | Comments Off | 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 | Continued

(PNW) Utility Industry Stock Outlook – October 2012 – Industry Outlook

As would be expected, the growth of the utility industry is tied to overall economic conditions. As per the U.S. Energy Information Administration (EIA), energy consumption in the United States will increase 0.3% annually from 2010 through 2035. EIA’s assumption takes into consideration modest growth...

26Oct2012 | | Comments Off | 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 | Continued

(ACI) Coal Industry Stock Review – August 2012 – Industry Outlook

Coal has been used for nearly as long as mankind has thrived. From the times of the cavemen to the present day, coal is used for everything from cooking to heating to running steam-powered trains to generating electricity. Today, coal is burned as fuel or gasified to create a synthetic gas...

4Aug2012 | | Comments Off | Continued

(EIA) Alternative Energy Stock Outlook – June 2012 – Industry Outlook

According to the Energy Information Administration (EIA), the U.S. generated about 13% of its electricity from renewable energy sources in 2011. Globally, however, China leads the world in total electricity generation from renewable sources, helped by its mammoth addition in recent times to the alternative...

29Jun2012 | | Comments Off | Continued

(AMAT) Housing and Inflation in the Spotlight – Earnings Preview

Earnings Preview 2/10/12 Earnings season will be still going on this next week. 422 firms are scheduled to report, and 50 of those are members of the S&P 500.  By the end of the week we will be over 80% done with earnings...

13Feb2012 | | 0 comments | Continued

(DUK) Duke Energy Eyes Compromise

Duke Energy Carolinas, a subsidiary of Duke Energy Corporation (DUK), reached a compromise solution with the Office of Regulatory Staff (ORS); the Commission of Public Works for the city of Spartanburg, South Carolina; and the Spartanburg...

11Dec2011 | | 0 comments | Continued

(DUK) Duke Energy Signs New Credit Facility

Duke Energy Corporation (DUK) recently announced a new $6 billion, five-year credit agreement. Duke Energy will have immediate access to $4 billion under the credit agreement while $2 billion becomes available following the...

30Nov2011 | | 0 comments | Continued

(AES) AES Clinches DPL Acquisition

The AES Corporation (AES) has completed the acquisition of DPL Inc. after receiving all necessary regulatory approvals. Recently, the Public Utilities Commission of Ohio (“PUCO”) cleared the acquisition deal. DPL will now become...

30Nov2011 | | 0 comments | 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

(DUK) Duke Energy Beats The Street – Misses Revenue Target

Duke Energy Corporation (DUK) announced its third-quarter 2011 operating earnings of 50 cents per share, beating the Zacks Consensus Estimate by 3 cents. However, the results were marginally lower than the year-ago earnings of 51 cents...

7Nov2011 | | 0 comments | Continued

(AEP) American Electric Power Company Earnings Scorecard

On October 26, 2011, American Electric Power Company Inc. (AEP), a public utility holding company, posted mixed third-quarter 2011 results. In the paragraphs that follow, we cover the recent earnings announcement, subsequent...

2Nov2011 | | 0 comments | Continued

(DUK) Duke’s Wind Power Power’s Delaware Municipal Electric Corporation

Duke Energy Renewables, a commercial business unit of Duke Energy Corporation (DUK), will build and operate a new Laurel Hill Windpower Project in Lycoming County, north-central Pennsylvania. Under a 25-year agreement, it will sell...

15Sep2011 | | 0 comments | Continued

(AEP) Alternative Energy Stock Outlook – July 2011 – Industry Outlook

The growth outlook of alternative energy companies is inversely related to the prices of petroleum products and directly related to the fortunes of the economy. The recent thaw in oil prices is casting a shadow over this emerging momentum. But even despite the pullback in oil prices, they still...

27Jul2011 | | 0 comments | Continued

(DUK) Duke Energy Corporation Unit Duke Energy Renewables Announces Windpower Project

Duke Energy Corporation (DUK) announced that its unit Duke Energy Renewables will build and operate a 131-megawatt (MW) Cimarron II Windpower Project in Gray County, Kansas. This new project is another addition to Duke Energy’s...

10Jul2011 | | 0 comments | Continued

(DUK) Duke Energy Files for Rate Hike

Duke Energy Corporation (DUK) said that its unit Duke Energy Carolinas has filed for a rate increase, as planned, with the North Carolina Utilities Commission  to recover the investments made by the company over the last two years....

5Jul2011 | | 0 comments | Continued

(CBB) Cincinnati Bell to Offer Energy Services

Telecom services provider Cincinnati Bell Inc. (CBB) is entering into a new business arena that allows it to offer energy services to its residential customers through its new subsidiary Cincinnati Bell Energy. Cincinnati Bell...

28Jun2011 | | 0 comments | Continued

(DUK) Duke Energy Raises Dividend

Duke Energy Corporation (DUK) raised the quarterly cash dividend on its common stock by 5 cents to 25 cents per share. This action increases the annualized dividend from 98 cents to $1.00. The dividend is payable on September...

22Jun2011 | | 0 comments | Continued

(DUK) Duke Energy Seeks Higher Rates

Duke Energy Corporation’s (DUK) subsidiary Duke Energy Carolinas has filed a notice with North Carolina regulators that it will apply for a rate increase on July 1, 2011. The company expects the higher rates will go into effect from...

16Jun2011 | | 0 comments | Continued

(CEG) Constellation Energy Analyst Reiterates at Neutral

Constellation Energy’s (CEG) merchant energy business provides a relatively stable and growing earnings stream through wholesale energy-related products and services. The company has a diversified fleet of power generating units,...

15Jun2011 | | 0 comments | Continued

(DUK) Duke Energy to Acquire Wind Farm

Duke Energy Corporation (DUK) will acquire a 20-megawatt (MW) operational wind farm in Wisconsin. Duke Energy Renewables, a commercial business unit of Duke Energy, agreed to purchase the Shirley Windpower Project from a subsidiary...

14Jun2011 | | 0 comments | Continued