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Stock Market & Financial Investment News

News Breaks
April 2, 2014
08:41 EDTNEE, PEG, NRG, D, EXC, CPN, DYNWolfe Research to hold a conference
Power & Gas Deep Dive Conference is being held in Dallas, Texas on April 2.
News For CPN;D;DYN;EXC;NEE;NRG;PEG From The Last 14 Days
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May 21, 2015
09:58 EDTDYNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Alibaba (BABA) initiated with an Outperform at Bernstein... Alkermes (ALKS) initiated with an Overweight at Barclays... Burlington Stores (BURL) initiated with an Outperform at FBR Capital... Crocs (CROX) initiated with a Neutral at B. Riley... Darling (DAR) initiated with a Buy at Roth Capital... Dynegy (DYN) initiated with an Outperform at RBC Capital... Esperion (ESPR) initiated with an Overweight at Barclays... Five Below (FIVE) initiated with a Market Perform at FBR Capital... Intercept (ICPT) initiated with an Overweight, $450 target at Barclays... Johnson Matthey (JMPLY) initiated with a Buy at Jefferies... Nike (NKE) initiated with a Buy at Jefferies... RTI Surgical (RTIX) initiated with a Buy at Sidoti... TeleNav (TNAV) initiated with an Outperform at Northland... Trevena (TRVN) initiated with an Equal Weight at Barclays... Vectrus (VEC) initiated with a Hold at Stifel.
09:23 EDTDDominion 2.8M share Spot Secondary priced at $72.10
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05:24 EDTDYNDynegy initiated with an Outperform at RBC Capital
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May 20, 2015
16:59 EDTDYNFranklin Resources lowers stake in Dynegy to 10.7% from 12.7%
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16:45 EDTDDominion completes planned $500M market equity issuances for 2015
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16:39 EDTDDominion files to sell 2.8M shares of common stock
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May 19, 2015
16:43 EDTDYNDynegy files to sell 3.46M shares for selling stockholders
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15:36 EDTEXCPepco takeover by Exelon approved by Delaware regulators, Bloomberg reports
Delaware's PSC voted 3-0 in favor of approving he takeover, Bloomberg reported, citing an email statement from a spokesman for the regulator.
08:10 EDTEXCHouse Energy & Commerce Committee to hold a hearing
The Energy & Power Subcommittee holds a hearing entitled, "Discussion Draft Addressing Energy Reliability and Security" with Director Bardee of FERC, President & CEO Fanning of Southern Company, Executive Vice President Dominguez of Exelon Corp., and Vice President Heitman of ABB, Inc. on May 19 at 10 am. Webcast Link
May 18, 2015
08:02 EDTEXCExelon, Pepco accept, pledge to fulfill conditions in merger order from MPSC
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May 15, 2015
17:08 EDTNRGSoros Fund gives quarterly update on stakes
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14:46 EDTEXCExelon, Pepco say MPSC approval must be 'carefully' reviewed
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13:38 EDTEXCMaryland PSC conditionally approves Exelon, Pepco merger
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12:39 EDTNEEWells identifies NextEra, Sempra as among favorite utility names
Utilities as a group have dropped in recent months and there are several names in the sector that offer relative value and exposure to secular growth trends, Wells Fargo stated in a note to investors today. WHAT'S NEW: The utilities sector is trading at a forward multiple that is 93% of the S&P 500, versus the ten year average of 102%, according to Wells. Moreover, utilities are "slightly cheap" relative to interest rates, the firm thinks. NextEra Energy (NEE) and Sempra Energy (SRE) have the best growth opportunities in the utility space, according to Wells. They also have proven management teams and are well-positioned to exploit long-term trends, including renewable energy and energy infrastructure, the firm believes. ITC Holdings (ITC) has reached an attractive entry point and, to a degree, offers a near-term hedge against an interest rate increase, according to the firm. Edison International (EIX) and Xcel Energy (XEL) are underappreciated regulated utilities, added Wells. Edison trades in-line with its peers despite superior EPS growth potential and Xcel trades at a 3%-6% discount to the sector despite its at least in-line EPS growth and comparable regulatory risk, which might ease, the firm added. PRICE ACTION: In early afternoon trading, NextEra rose 0.5%, Sempra gained 0.6%, Edison added 0.6%, Xcel climbed 0.4% and ITC was little changed.
07:49 EDTNEEWells Fargo identifies favorite utility names
Wells Fargo says that NextEra Energy (NEE) and Sempra Energy (SRE) have the best growth opportunities in the utility space as well as proven management teams, and are well-positioned to exploit long-term trends. ITC Holdings (ITC) has reached an attractive entry point, and, to a degree, offers a near-term hedge against an interest rate increase, according to the firm. Edison International (EIX) and Xcel Energy (XEL) are underappreciated regulated utilities, added Wells.
May 12, 2015
18:01 EDTCPNCalpine appoints W.G. "Trey" Griggs as Chief Commercial Officer
Calpine has named W.G. “Trey” Griggs III its Executive Vice President and Chief Commercial Officer effective June 1. Previously Griggs was a Managing Director at Goldman Sachs & Co. At Calpine, Griggs will have responsibility for the trading, origination, development and commercial analytics groups and will report to Calpine’s CEO. For the past four years, Griggs led Goldman Sachs’ North American Energy Risk Management activities and the Houston Trading Office.
May 11, 2015
15:52 EDTNEEHawaiian Electric to host special shareholder meeting
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07:20 EDTDDeutsche Bank to hold a conference
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May 10, 2015
12:54 EDTNEE, DDuke, Edison, other utilities could return 8% annually, Barron's says
Shares of Duke Energy (DUK), Southern Company (SO), Consolidated Edison (ED), Edison International (EIX), PG&E (PCG), American Electric (AEP), Dominion (D), and NextEra Energy (NEE) could return 8% or more annually in coming years, Barron's contends in a feature article. Though utilities are sometimes seen as no-growth businesses, Barron's argues that infrastructure replacement projects, rate hikes, and dividend boosts make the sector look attractive. Reference Link

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