All Posts Tagged With: "PGN"
(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...
(VE) Are Utility Stocks A Good Bet in 2012?
U.S.electric utility segment includes electric, natural gas pipeline and distributors, water, and independent power producers. The segment was among the most stable sectors in fiscal 2011 in terms of return.
Fiscal 2011 witnessed continued volatility from the European...
(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...
(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...
(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...
(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...
(DUK) How to Profit When Power Plants Retire
by David Fessler, Investment U Senior Analyst
(TE) TECO Energy Still Neutral
Despite TECO Energy Inc. (TE) missing our expectation for both the top and bottom lines in the most recent quarter, we reiterate our Neutral recommendation for TECO shares as we believe the long-term fundamentals...
(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...
(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...
(GOOG) Seeking Yield from Stocks Instead of Bonds – AAII Investor Update
Income-oriented investors have yet another reason to be upset with the bond markets. Junk bond yields fell to a record low a few days ago and are staying near those levels. As of Wednesday evening, the Barclays U.S. Corporate High Yield index yielded a mere 6.68%, which isn’t...
(DUK) Duke Energy Plans Capital Spending in the Carolinas
Duke Energy Corporation (DUK) announced that it would spend $8 billion–$9 billion in the twin states of Carolina for new capital expansion projects over the period 2011–2012. The company spent more than...
(FE) FirstEnergy Concludes Allegheny Energy Buy
FirstEnergy Corp. (FE) on Friday concluded its long-awaited merger deal with Allegheny Energy Inc. (AYE), thus creating one of the nation’s...
(BRCD) Company News for February 22, 2011 – Corporate Summary
• Progress Energy (NYSE:PGN) reported Q4 EPS of $0.45, ahead of the Zacks Consensus estimate of $0.43 per share
• Campbell Soup Co.’s (NYSE:CPB) shares declined...
(DUK) Duke Energy Quarterly Report Short of Estimates
Duke Energy Corporation (DUK) announced its fourth-quarter 2010 operating earnings of 21 cents per share, falling short of the Zacks Consensus Estimates marginally by 2 cents. The results were also lower by...
(AMD) Company News for January 10, 2011 – Corporate Summary
• DuPont (NYSE:DD) reported plans to purchase Danish firm Danisco for $5.8 billion in cash, which is expected to cut 2011 earnings of $3.30-$3.60 by a range of $0.30-$0.45 per share
• Playboy Enterprises (NYSE:
(DUK) Duke Energy and Alinda Capital Partners Form Joint Venture
Duke Energy Corporation (DUK) and Alinda Capital Partners LLC have formed a joint venture, as previously agreed upon, to grow DukeNet Communications LLC. Also, DukeNet announced the closure of a $150 million...
(PGN) Progress Energy’s First Quarter 2010 Earnings Scorecard
Electric utility Progress Energy Inc. (PGN) announced robust first quarter 2010 results on May 5, 2010. Earnings were driven by favorable weather conditions and business from its repowered Bartow Plant, partially...
(PGN) Progress Energy Moves Ahead of Consensus – Grows Year-Over-Year
Power provider Progress Energy Inc. (PGN) reported first quarter 2010 earnings that were ahead of the Zacks Consensus Estimate and the year-ago results. Earnings were driven by favorable weather conditions...
(T) More Heartache for Yield-Seeking Investors
Yield-seeking investors were not offered much help from the Federal Reserve yesterday. In its statement following a two-day meeting, the Federal Open Market Committee (FOMC) reiterated its position that interest rates should remain at very low levels for an “extended...
(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...
(PGN) Progress Energy – Bear of the Day
Progress Energy (PGN) is one of the nation’s larger pure-play electricity utilities. Given the disappointing outcome of the Florida rate case and lowered 2010 guidance, we expect the stock to remain...
(PGN) Progress Energy – Bear of the Day
Progress Energy (PGN) is one of the nation’s larger pure-play electricity utilities with solid rate base growth opportunity in the long-term. Given the disappointing outcome of the Florida rate case...
(PGN) Progress Energy Lowers Earnings Guidance
Progress Energy Inc. (PGN) provided 2010 earnings and lowered its 2009 guidance, due to the lingering effects of the economic recession and the recent unfavorable regulatory decision.
The company expects...
(DTE) DTE Energy Confirms Earnings Guidance
DTE Energy Co. (DTE) confirmed its fiscal 2009 earnings per share guidance of $3.20 to $3.40. In addition, DTE Energy confirmed its 2010 outlook of $545 million to $610 million in operating earnings. The company...
(PGN) Progress Energy Inc to Retire 11 Coal Plants
Progress Energy Carolinas, a wholly owned subsidiary of Progress Energy Inc. (PGN), announced plans to close all of its remaining North Carolina coal-fired power plants which do not have flue-gas desulfurization...
(PNY) Piedmont Natural Gas Agrees to Provide Natural Gas to Progress Energy
Energy services company Piedmont Natural Gas (PNY) has agreed to provide natural gas delivery service to Progress Energy’s (PGN) recently...
(FPL) Florida Electric Utilities Get Nuclear Rates Approved
Recently, the Florida Public Service Commission (PSC) has approved new nuclear cost recovery rates for the state’s two major electric utilities. It increased the rates for one and reduced them for the other. Both changes are effective Jan. 1, 2010. The commission approved...
(PGN) Progress Energy to Replace Coal Units
On Oct 1, 2009, the North Carolina Utilities Commission (NCUC) approved Progress Energy Carolinas’ plan to build new a natural gas-fueled power generation plant in Wayne County. The commission approved a certificate of public convenience and necessity for Progress Energy...