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Stock Market & Financial Investment News

News Breaks
June 12, 2014
09:27 EDTFE, XELXcel Energy added to Least Preferred List, FirstEnergy removed at UBS
News For XEL;FE From The Last 14 Days
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March 31, 2015
07:05 EDTXELXcel Energy management to meet with UBS
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March 30, 2015
11:21 EDTXELXcel sees rate increase of $168M in Minnesota, reaffirms FY15 EPS $2.00-$2.15
NSP-Minnesota, a subsidiary of Xcel Energy, filed a two-year electric rate case with the Minnesota Public Utilities Commission. In December 2014, the administrative law judge issued her recommendations in the NSP-Minnesota electric rate case. NSP-Minnesota estimates that her recommendations would result in a rate increase of $69.1M in 2014 and an incremental rate increase of $122.4M in 2015. In addition, she recommended an ROE of 9.77% and an equity ratio of 52.5%. On March 26, the MPUC voted to approve a 2014 rate increase and a 2015 step increase. NSP-Minnesota estimates the total rate increase to be approximately $168M, or 6.1%, based on a 9.72% ROE and 52.5% equity ratio. The MPUC largely approved the judge's recommendations and the excess depreciation reserve utilization of 50%, 30% and 20% in 2014 to 2016. NSP-Minnesota is initiating the preparation of its 2016 rate case. The MPUC also approved a full revenue decoupling three-year pilot with a 3% cap on base revenue for the residential and small commercial and industrial classes, effective January 1, 2016. The decoupling mechanism would eliminate the impact of weather variability on electric sales. The MPUC made no determination on NSP-Minnesota's interim rate refund proposal. NSP-Minnesota has requested that the MPUC treat the multi-year case as a single period and net the two-year period. The Minnesota Department of Commerce identified an alternative option that views each year of the multi-year case separately, which would result in lower 2015 revenues by approximately $3.5M per month between January 1, 2014 and the date that final rates are determined, expected to be May 8. NSP-Minnesota plans to file this compliance filing early in Q2. The MPUC is expected to rule on interim rates after the comment period for the compliance filing. A final order is anticipated in Q2. Xcel Energy reaffirms its 2015 ongoing earnings guidance of $2.00-$2.15 per share, consensus $2.09.
10:00 EDTFEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: BHP Billiton (BHP) upgraded to Outperformer from Sector Performer at CIBC...Analog Devices (ADI) upgraded to Overweight from Equal Weight at Barclays... Continental Resources (CLR) upgraded to Buy from Hold at Societe Generale... FirstEnergy (FE) upgraded to Overweight from Equal Weight at Barclays... Madison Square Garden (MSG) upgraded to Buy from Hold at Topeka... Madison Square Garden upgraded to Overweight at Morgan Stanley... Nike (NKE) upgraded to Outperform from Neutral at RW Baird.... Restoration Hardware (RH) upgraded to Buy from Neutral at Goldman... Wolverine World Wide (WWW) upgraded to Outperform from Neutral at RW Baird... Transocean (RIG) upgraded to Neutral from Reduce at Global Hunter... Oracle (ORCL) upgraded to Outperform from Sector Perform at RBC Capital... Hertz (HTZ) upgraded to Equal Weight from Underweight at Morgan Stanley... Kraft Foods (KRFT) upgraded to Buy from Hold at Canaccord... GoPro (GPRO) upgraded to Buy from Neutral at Dougherty... Tetra Technologies (TTI) upgraded to Outperform from Sector Perform at Scotia Howard Weil.
07:30 EDTXELXcel Energy risk/reward compelling, says Wells Fargo
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05:38 EDTFEFirstEnergy upgraded to Overweight from Equal Weight at Barclays
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March 25, 2015
10:00 EDTXELOn The Fly: Analyst Upgrade Summary
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06:41 EDTXELXcel Energy upgraded to Outperform from Neutral at RW Baird
Baird upgraded Xcel Energy to Outperform based on relative stock underperformance. Price target is $38.
March 24, 2015
10:01 EDTXELOn The Fly: Analyst Upgrade Summary
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05:24 EDTXELXcel Energy upgraded to Overweight from Equal Weight at Barclays
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