(CMS) CMS Energy Issues Senior Notes
CMS Energy (CMS) sold $300 million of senior unsecured notes, due 2020 at a coupon rate of 6.25%. The company plans to use the proceeds to retire existing long-term debt. CMS Energy has a strong...
View Article(CMS) CMS Energy Raises Dividend by 20%
CMS Energy (CMS) has raised the quarterly dividend on its common stock by 20% to 15 cents per share, up from 12.5 cents per share. This action has increased the annualized dividend from 50 cents to 60...
View Article(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...
View Article(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...
View Article(NU) Northeast Utilities Hits 52-Week High
On Apr 12, 2013, the shares of Northeast Utilities (NU) climbed to its 52-week high of $44.74 driven by its strong projects pipeline and diversified asset base. We expect the company’s long-term...
View Article(CMS) CMS Energy Reaches 52-Week High
On Apr 12, 2013, shares of CMS Energy Corporation (CMS) hit a 52-week high of $28.76. CMS Energy registered positive earnings surprises in the last three quarters, with an average beat of 3.75%. In...
View Article(NI) NiSource Concludes Notes Issuance
NiSource Inc.’s (NI) ancillary NiSource Finance Corp. concluded the sale of $750 million, 4.80% Series 1, long-term notes due Feb 15, 2044. The company will utilize the net proceeds to finance its...
View Article(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...
View Article(NU) Northeast Utilities Remains Neutral
We are maintaining our Neutral recommendation on Northeast Utilities (NU). The company currently has a Zacks Rank #2 (Buy). Why the Reiteration? The reiteration is primarily based on risks associated...
View Article(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...
View Article(PCG) PG&E Misses Earnings
PG&E Corporation’s (PCG) adjusted operating earnings per share of 63 cents in the first quarter of 2013 fell short of the Zacks Consensus Estimate of 70 cents. The reported figure also came in...
View Article(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...
View Article(A) Making Sense of Market Forecasts
It’s been another big month for the stock market. This stock market’s positive feedback loops were on full display in Consumer and Finance stocks. Stock Prices Slightly Above Fair Value At 15.4 times...
View Article(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...
View Article(AEE) Ameren Misses Earnings – Increases Year Over Year
Before the bell, Ameren Corp. (AEE) reported first quarter 2013 earnings from continuing operations of 22 cents per share, below the Zacks Consensus Estimate of 26 cents. However, the quarterly result...
View Article(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...
View Article(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...
View Article(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...
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