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Stock Market & Financial Investment News

News Breaks
November 12, 2012
07:28 EDTSO, SCG, PEG, ETR, EDE, DUK, D, ED, CMS, CNP, BKH, AVA, AEP, AEE, LNT, ALE, AESEdison Electric Institute to host a conference
47th EEI Financial Conference is being held in Phoenix, Arizona on November 11-14.
News For AES;ALE;LNT;AEE;AEP;AVA;BKH;CNP;CMS;ED;D;DUK;EDE;ETR;PEG;SCG;SO From The Last 14 Days
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October 21, 2014
10:00 EDTEDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AbbVie (ABBV) downgraded to Neutral from Buy at Guggenheim... BHP Billiton (BHP) downgraded to Hold from Buy at Jefferies... Bank of Marin (BMRC) downgraded to Market Perform from Outperform at Keefe Bruyette... Cobalt (CIE) downgraded to Speculative Buy from Buy at Global Hunter... Consolidated Edison (ED) downgraded to Underweight at Morgan Stanley... Deutsche Post (DPSGY) downgraded to Hold from Buy at Deutsche Bank... HCP (HCP) downgraded to Hold from Buy at Jefferies... IBM (IBM) downgraded to Hold from Buy at Evercore... Inland Real Estate (IRC) downgraded to Underperform from Neutral at BofA/Merrill... PerkinElmer (PKI) downgraded to Neutral from Buy at Janney Capital... Philips (PHG) downgraded to Neutral at UBS... QEP Midstream Partners (QEPM) downgraded to Market Perform at Wells Fargo... Rent-A-Center (RCII) downgraded to Market Perform from Outperform at Raymond James... Rhino Resources (RNO) downgraded to Underperform from Market Perform at Raymond James... Universal Forest (UFPI) downgraded to Neutral from Buy at Sterne Agee.
08:40 EDTAEEAmeren subsidiary to lose legal fight over permission for power line, AP says
A Cole County circuit judge said he will rule against a subsidiary of Ameren in a battle over whether it needs permission from the Missouri Public Service Commission to build a high-voltage power line in the state, adding that he hopes to formally issue the ruling later this week, reported Associated Press. Earlier in the day, the same judge approved some landowners to join the legal fight opposing the power line, AP noted. Reference Link
06:14 EDTEDConsolidated Edison downgraded to Underweight at Morgan Stanley
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October 20, 2014
06:15 EDTAVAAvista downgraded to Sell from Neutral at UBS
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October 17, 2014
08:58 EDTEDConsolidated Edison management to meet with Jefferies
Meetings to be held in Los Angeles/San Francisco October 22-23 hosted by Jefferies.
07:06 EDTETREntergy recorded charge of 37c related to decommissioning study
As previously disclosed, the preparation of an updated decommissioning study was necessary to support filing of the post-shutdown decommissioning activities report planned for December and to obtain access to the bulk of the funds in the VY nuclear decommissioning trust to perform decommissioning work. With VY nearing shutdown, and as a result of the new cost estimate for decommissioning, Entergy increased the decommissioning cost liability and recorded a corresponding impairment charge of approximately 37C per share, which will be reflected as a special item in third quarter 2014 results. The increased decommissioning cost estimate was largely driven by near-term activities about which there is more certainty now that the plant is about to enter the decommissioning phase. Entergy expects to fund decommissioning and spent fuel management costs through a combination of the VY nuclear decommissioning trust and financing, with financing being repaid from litigation recoveries of spent fuel costs from the federal government.
07:05 EDTETREntergy backs FY14 operating EPS $5.55-$6.75, consensus $6.15
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07:04 EDTETREntergy sees Q3 operational EPS $1.67, consensus $2.08
The Utility posted another quarter-over-quarter of industrial sales growth, led by the Gulf region of the service territory, and took steps to reduce uncertainty through a rate case settlement in Mississippi. EWC received added clarity on the decommissioning of the Vermont Yankee Nuclear Power Station, which, along with the rate case settlement, resulted in charges in third quarter 2014.
October 15, 2014
10:13 EDTSOSouthern Company announces Plant Vogtle Unit 2 has resumed generation
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09:45 EDTDDominion Midstream opens at $22.50, IPO pricecd at $21.00
Dominion Midstream Partners (DM) is a subsidiary of Dominion Resources (D).
09:35 EDTDDominion Midstream IPO indicated to open $22.00-$22.25
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09:29 EDTDDominion Midstream IPO indicated to open $22
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October 14, 2014
16:39 EDTBKHBlack Hills acquires Gas Natural subsidiary for $17M
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16:08 EDTAVAAvista 'quietly' seeks buyer, Berkshire interested, TheDeal.com says
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16:07 EDTBKHGas Natural announces sale of Wyoming assets for $17M
Gas Natural (EGAS) announced that its subsidiary, Energy West Incorporated, has signed a definitive agreement for the sale of its subsidiary, Energy West Wyoming, Inc., as well its Wyoming pipeline assets and related real estate, equipment and contracts to Black Hills Corporation (BKH) for $17M. The closing is subject to customary closing conditions, as well as regulatory approvals. The Energy West Wyoming transaction also contains a working capital adjustment at closing and a post-closing working capital "true-up." As part of the agreement, Energy West Incorporated and Black Hills Corporation will enter into a Transition Services Agreement to insure a seamless transition for Energy West Wyoming, Inc.'s Wyoming customers. The transaction is expected to close in approximately six to twelve months. Energy West Incorporated intends to use the proceeds from this transaction to reinvest into the business to generate solid returns on its invested capital. Including the gain anticipated on this transaction, the redeployment of resources is expected to have a significant positive impact on the company's earnings in 2015 and beyond.
15:59 EDTAVAAvista said to be in talks with suitors, Bloomberg reports
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October 13, 2014
09:06 EDTDUKJinkoSolar panels installed at Duke Energy's Capital Partners Solar Project, NC
JinkoSolar panels are being installed by SunEnergy 1 at the Duke Energy Renewables-owned Capital Partners Solar Project in eastern North Carolina. The solar project was announced as a partnership among three customers that will bring solar power from rural North Carolina to the urban settings of the Washington, D.C., institutions.
06:07 EDTAESAES Corp. to sell 100% of its interents in Turkey for $125M
AES Corporation has entered into an agreement to sell its 49.62% equity interest in AES Entek Elektrik ‹retimi A.Ş., a joint venture with KO« Holding and Aygaz in Turkey, to its partners. The sale represents 100% of AESí interest in assets in Turkey, consisting of 364 MW of operating natural gas and hydroelectric facilities and its interest in a coal-fired development project, for $125M in equity proceeds to AES. This transaction is expected to close by 1Q15.
October 10, 2014
10:49 EDTAESHigh option volume stocks
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08:52 EDTAEEAmeren increases quarterly dividend by 2.5% to 41c
The board of Ameren declared a quarterly cash dividend on its common stock of 41c per share, a 2.5% increase from the prior quarterly cash dividend of 40c per share, resulting in an annualized equivalent dividend rate of $1.64 per share. The previous annualized equivalent dividend rate was $1.60 per share. The common share dividend is payable Dec. 31, 2014, to shareholders of record at the close of business on Dec. 10, 2014. Separately, the board of directors of Union Electric Company, doing business as Ameren Missouri, declared regular quarterly cash dividends on all classes of Union Electric Company's preferred stock. These preferred stock dividends are payable Feb. 15, 2015, to shareholders of record at the close of business on Jan. 16, 2015. In addition, the board of directors of Ameren Illinois Company declared regular quarterly cash dividends on all classes of Ameren Illinois Company's preferred stock. These preferred stock dividends are payable Feb. 2, 2015, to shareholders of record at the close of business on Jan. 12, 2015.
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