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Stock Market & Financial Investment News

News Breaks
May 1, 2014
05:07 EDTEIXSCE crews continue to restore power to areas impacted by wind
Southern California Edison, or SCE, an Edison International company, announced that crews are continuing to work quickly and safely to restore service to areas hit hard by high wind conditions, however, it reminds customers that some may experience service interruptions into the late evening and morning hours. As always, SCE reminds customers to never approach or touch downed power lines. Numerous communities across the Southland have been impacted by the high wind conditions, which have resulted in a number of outages. As of 5 p.m. today, 18,628 customers in the counties of Los Angeles, Orange, Riverside and San Bernardino are experiencing service interruptions due to wind. Riverside County is the hardest hit region with about 10,969 customers without power. SCE personnel, which include restoration and repair crews, are responding to outages as they are reported. The company is taking steps to ensure that crews are available to respond to outages by moving additional personnel into the affected areas.
News For EIX From The Last 14 Days
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May 15, 2015
12:39 EDTEIXWells 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 EDTEIXWells 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 10, 2015
12:54 EDTEIXDuke, 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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