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Dynegy Crosses Another Hurdle - Analyst Blog
Monday, January 24, 2011 - 11:07am | 425Dynegy Inc. (DYN) has received regulatory approval from the New York Public Service Commission (NYPSC), for its proposed transaction with an affiliate of Icahn Enterprises L.P. (IEP). Per the transaction, Icahn Enterprises will acquire Dynegy for $5.50 per share in cash, or approximately $665...
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SJI Declares Dividend of $.365
Monday, January 24, 2011 - 10:56am | 61South Jersey Industries' (NYSE: SJI) board of directors declared its regular dividend of $0.365 per share for the first quarter of 2011. The dividend is payable April 5, 2011 to shareholders of record at the close of business March 10, 2011. This is SJI's 60th consecutive year of paying dividends...
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Wells Fargo Raises GXP Valuation Range To $20.50-$21.50
Monday, January 24, 2011 - 10:51am | 100Wells Fargo is raising its valuation range on Great Plains Energy (NYSE: GXP). “To reflect a rise in peer multiples, we are increasing our V.R. to $20.50-$21.50 from $19.00-$20.00,” Wells Fargo writes. “At the midpoint of our range, GXP would trade at ~12.9x our 2012E of $1.63, which is consistent...
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Dynegy Crosses Another Hurdle - Analyst Blog
Monday, January 24, 2011 - 10:45am | 425Dynegy Inc. (DYN) has received regulatory approval from the New York Public Service Commission (NYPSC), for its proposed transaction with an affiliate of Icahn Enterprises L.P. (IEP). Per the transaction, Icahn Enterprises will acquire Dynegy for $5.50 per share in cash, or approximately $665...
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American Water to Sell its Regulated Operations in Arizona and New Mexico to EPCOR USA for $470M
Monday, January 24, 2011 - 10:25am | 117American Water Works Company, Inc. (NYSE: AWK) today announced that it has entered into an agreement with EPCOR Water Inc. to sell 100 percent of the stock of its companies that provide regulated water and wastewater services located in Arizona and New Mexico, for an estimated sale price of $470...
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Jefferies Maintains 2011, 2012 Estimates On ED
Monday, January 24, 2011 - 10:03am | 109Jefferies is maintaining its 2011 and 2012 EPS estimates on Consolidated Edison (NYSE: ED). “We are maintaining our 2011 and 2012 EPS estimate of $3.50 and $3.65, respectively,” Jefferies writes. “The company provided 2011 ongoing guidance to be in the range of $3.45-$3.65. Our 2011 EPS estimate of...
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Spectra Energy Partners Raises Quarterly Distribution to $.45
Monday, January 24, 2011 - 9:07am | 97Spectra Energy Partners, LP (NYSE: SEP) announced that the board of directors of its general partner declared a quarterly cash distribution to unitholders of $0.45 per unit for the quarter ended December 31, 2010. This represents a 2.3 percent increase over the third quarter 2010 distribution of $0...
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UGI Appoints Robert C. Flexon as CFO
Monday, January 24, 2011 - 9:01am | 36UGI Corporation (NYSE: UGI) today named Robert C. Flexon Chief Financial Officer, effective February 14, 2011. Flexon will succeed Peter Kelly, who, as previously reported, will be retiring in February.
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Jefferies Raises PT On Consolidated Edison
Monday, January 24, 2011 - 8:54am | 27Jefferies & Company has raised the price target on Consolidated Edison (NYSE: ED) from $52 to $53 and maintains its Hold rating.
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Jefferies Raises PT On Consolidated Edison
Monday, January 24, 2011 - 8:54am | 27Jefferies & Company has raised the price target on Consolidated Edison (NYSE: ED) from $52 to $53 and maintains its Hold rating.
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Aqua America, Inc. - Growth & Income
Monday, January 24, 2011 - 3:01am | 435If only more things in life were as reliable as Aqua America, Inc. (WTR). The water utility has consistently paid a quarterly dividend since the end of World War II and recently raised it for the 20th time in 19 years. The company has also delivered three consecutive positive earnings surprises,...
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Aqua America, Inc. - Growth & Income
Monday, January 24, 2011 - 1:00am | 435If only more things in life were as reliable as Aqua America, Inc. (WTR). The water utility has consistently paid a quarterly dividend since the end of World War II and recently raised it for the 20th time in 19 years. The company has also delivered three consecutive positive earnings surprises,...
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Wisconsin Energy Plans Stock Split - Analyst Blog
Friday, January 21, 2011 - 7:01pm | 617Diversified energy utility Wisconsin Energy Corporation (WEC) said that the company's shareholders will receive one additional share for each Wisconsin Energy share held by them, under a two-for-one stock split. The company also announced a new quarterly cash dividend rate consistent with the...
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Wisconsin Energy Plans Stock Split - Analyst Blog
Friday, January 21, 2011 - 6:15pm | 617Diversified energy utility Wisconsin Energy Corporation (WEC) said that the company's shareholders will receive one additional share for each Wisconsin Energy share held by them, under a two-for-one stock split. The company also announced a new quarterly cash dividend rate consistent with the...
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MGE Energy Declares Regular Dividend of $0.3751
Friday, January 21, 2011 - 4:43pm | 68The board of directors of MGE Energy, Inc. (Nasdaq: MGEE) today declared the regular quarterly dividend of $0.3751 per share on the outstanding shares of the company's common stock, payable March 15, 2011, to shareholders of record at the close of business March 1, 2011. MGE Energy has increased...