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Company News for January 14, 2011 - Corporate Summary
Friday, January 14, 2011 - 11:01am | 712• Intel (NASDAQ:INTC) reported fourth quarter earnings of $0.59, ahead of the Zacks Consensus Estimate of $0.53, on revenues of $11.5 billion beating the Zacks Consensus Estimate of $10.73 billion. Gross profit margins came in at 67.5%. The firm lifted first quarter sales projections to $11.1...
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Wells Fargo Raises PNM Valuation Range To $12.50 to $13.50
Friday, January 14, 2011 - 10:46am | 150After scrubbing its model, Wells Fargo said that it is increasing its 2011 and 2012 EPS estimates on shares of PNM Resources, Inc. (NYSE: PNM). “Our 2011E improves to $0.67 from $0.62 and our 2012E increases to $1.12 from $1.08,” Wells Fargo writes. “The revisions reflect the TNMP rate case...
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Company News for January 14, 2011 - Corporate Summary
Friday, January 14, 2011 - 10:33am | 712• Intel (NASDAQ:INTC) reported fourth quarter earnings of $0.59, ahead of the Zacks Consensus Estimate of $0.53, on revenues of $11.5 billion beating the Zacks Consensus Estimate of $10.73 billion. Gross profit margins came in at 67.5%. The firm lifted first quarter sales projections to $11.1...
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Benzinga's Top Upgrades (D, DRWI, BPO, INFY)
Friday, January 14, 2011 - 9:45am | 134Dominion Resources Inc (NYSE: D) was upgraded by Deutsche Bank from "hold" to "buy." D's shares closed at $42.61 yesterday. Dominion Resources' trailing-twelve-month ROE is 22.21%. Jefferies upgrade DragonWave Inc (NASDAQ: DRWI) from "hold" to "buy.” DRWI's shares closed at $7.25 yesterday....
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Alliant Energy Corporation Declares Dividend of $.4250/sh
Friday, January 14, 2011 - 9:09am | 51MADISON, Wis., Jan. 14, 2011 /PRNewswire/ -- Alliant Energy Corporation (NYSE: LNT) announced today quarterly dividends on common stock were declared by the Board of Directors. The common stock dividend is $.4250 per share payable on February 15, 2011, to shareowners of record on close of business...
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Citi Downgrades American Electric Power Co Inc (AEP)
Friday, January 14, 2011 - 9:03am | 127Citi Investment Research is downgrading shares of American Electric Power Co Inc (NYSE: AEP) to Hold, and cut its price target to $38 from $41. In a note sent to clients, Citi writes, "We are downgrading our rating on AEP shares to Hold (2M) from Buy (1M). Our ratings change is predicated on...
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Deutsche Bank Says Buy Dominion Resources (D)
Friday, January 14, 2011 - 8:21am | 129Deutsche Bank has a Buy rating and a $46.50 price target on shares of Dominion Resources (NYSE: D). In a note sent to clients, Deutsche Bank writes, "We are upgrading D to Buy from Hold, based on D's strong regulated growth plans and its execution track record as well as an attractive New England...
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Deutsche Bank Upgrades Dominion Resources To Buy
Friday, January 14, 2011 - 7:54am | 28Deutsche Bank has upgraded Dominion Resources (NYSE: D) from Hold to Buy and has raised the price target from $42 to $46.50.
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Citigroup Downgrades American Electric Power Company To Hold
Friday, January 14, 2011 - 7:48am | 29Citigroup has downgraded American Electric Power Company (NYSE: AEP) from Buy to Hold and has lowered the price target from $41 to $38.
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CMS Energy Corporation - Growth & Income
Friday, January 14, 2011 - 3:01am | 453Investors looking for a juicy dividend and some growth should check out CMS Energy Corporation (CMS). The utility yields a hefty 4.4% and analysts expect the company to grow EPS by 8% in 2010 and 7% in 2011. The stock appears to be reasonably priced too, trading at 13x forward earnings. It is a...
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CMS Energy Corporation - Growth & Income
Friday, January 14, 2011 - 1:00am | 453Investors looking for a juicy dividend and some growth should check out CMS Energy Corporation (CMS). The utility yields a hefty 4.4% and analysts expect the company to grow EPS by 8% in 2010 and 7% in 2011. The stock appears to be reasonably priced too, trading at 13x forward earnings. It is a...
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Proposed Agreement to Defer Dominion Virginia Power's First Biennial Review Until 2012
Thursday, January 13, 2011 - 5:56pm | 96Dominion (NYSE: D) announced today that it, the Virginia State Corporation Commission Staff, the Office of the Attorney General of Virginia, Division of Consumer Counsel, MeadWestvaco Corp., Wal-Mart Stores East, Chaparral and Utility Professional Services, Inc. have filed an agreement that...
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Thursday's Put/Call Ratio Leaders (PSS, TLM, PPL, WDC, DRIV)
Thursday, January 13, 2011 - 1:17pm | 90Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1) Collective Brands (NYSE: PSS) 2,735 puts, 26 calls 2) Talisman Energy (NYSE: TLM) 5,425 puts, 54 calls 3) PPL Corp. (NYSE: PPL) 16,640 puts, 475 calls 4) Western Digital (NYSE: WDC) 6...
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Genesis Hikes Cash Distribution - Analyst Blog
Thursday, January 13, 2011 - 12:31pm | 457Houston-based partnership Genesis Energy LP (GEL) raised its fourth quarter 2010 cash distribution by 3.2% sequentially and 11.1% year over year to 40 cents per unit (or $1.60 per unit annualized). The new distribution – payable on February 14 to unitholders of record as on February 2, 2011 – is...
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Genesis Hikes Cash Distribution - Analyst Blog
Thursday, January 13, 2011 - 12:00pm | 457Houston-based partnership Genesis Energy LP (GEL) raised its fourth quarter 2010 cash distribution by 3.2% sequentially and 11.1% year over year to 40 cents per unit (or $1.60 per unit annualized). The new distribution – payable on February 14 to unitholders of record as on February 2, 2011 – is...