New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 2, 2014
10:01 EDTDTE, NEEDTE Energy buys Brookfield Township wind park from NextEra Energy
DTE Energy (DTE) has exercised its option to purchase one of the two Pheasant Run wind parks from a subsidiary of NextEra Energy Resources (NEE). The 75-megawatt Pheasant Run II wind park in the Thumb area's Huron County will be renamed the Brookfield Wind Park as a result of the purchase. Operating since earlier this year, it will shut down for one to two weeks to accomplish the ownership transition and convert the communication infrastructure. A subsidiary of NextEra Energy Resources will continue to own and operate Pheasant Run I, the energy from which will continue to be purchased by DTE Energy.
News For DTE;NEE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 15, 2015
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 14, 2015
10:27 EDTDTEDTE Energy partners with Domino's Farms and Ford to build solar arrays
Subscribe for More Information
May 11, 2015
15:52 EDTNEEHawaiian Electric to host special shareholder meeting
Subscribe for More Information
May 10, 2015
12:54 EDTNEEDuke, 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

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use