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NorthWestern Energy Signs Understanding With Invenergy Wind
Friday, January 7, 2011 - 2:34pm | 47NorthWestern Energy (NYSE: NWE) has signed a memorandum of understanding to purchase a 24-megawatt wind project in north central Montana to be developed and constructed by Invenergy Wind Development Montana, LLC, a wholly-owned subsidiary of Invenergy Wind LLC ("Invenergy").
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Hawaii Electric Up On Sale Reports (HE)
Friday, January 7, 2011 - 2:01pm | 115Shares of Hawaiian Electric Industries, Inc. (NYSE: HE) are spiking today, on the rumors that the company could be the target of an LBO. A company called Kuokoa Inc. was formed just a few months ago with the intent of buying all the shares of Hawaiian Electric Industries. Hawaiian Electric...
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Aqua America Completes 2010 Financing Plan
Friday, January 7, 2011 - 10:43am | 166Aqua America, Inc. (NYSE: WTR) announced today that its 2010 financing plan successfully lowered its overall cost of debt, which has resulted in interest expense savings for the company and lower bills for customers than would have otherwise been required. If the company had the same cost of debt...
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Jefferies Increases EE 2010 EPS Estimates
Friday, January 7, 2011 - 10:06am | 80Jefferies is increasing its 4Q and full year 2010 EPS estimates on shares of El Paso Electric Company (NYSE: EE) by $0.05 to $0.15 and $2.15, respectively. “The primary reason for our revision is the absence of a 4Q09 61 day outage at the Palo Verde nuclear plant Unit 2,” Jefferies writes. “Our...
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PSEG Warns Energy Tax to Subsidize Power Plants Will Cost New Jersey Residents and Businesses
Thursday, January 6, 2011 - 5:35pm | 31PSEG (NYSE: PEG) today announced its strong opposition to legislation that will subsidize the construction of new power plants through guaranteed long-term payments.
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Energen Unit Adds to Bone Spring/Avalon Acreage Position for $15.3M
Thursday, January 6, 2011 - 5:32pm | 56Energen Corporation (NYSE: EGN) today announced that its oil and gas exploration and production company, Energen Resources Corporation, has purchased three-year leases for approximately 17,000 net acres in the Bone Spring and Avalon shale trends in the Permian Basin from various Texas state...
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Calls Purchased on National Fuel Gas Company (NFG)
Thursday, January 6, 2011 - 11:41am | 140Shares of National Fuel Gas Company (NYSE: NFG) are higher on the session by 2.01%, currently trading at $68.71. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving average. Options traders are buying calls on the name...
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Robert W. Baird Downgrades Chesapeake Utilities, Xcel Energy, Aqua America (CPK, XEL, WTR)
Thursday, January 6, 2011 - 10:47am | 70Robert W. Baird downgrades the following companies: Chesapeake Utilities (NYSE: CPK) from Outperform to Neutral. Price target increased from $40 to $42. Xcel Energy (NYSE: XEL) from Outperform to Neutral. Price target increased from $24 to $25. Aqua America (NYSE: WTR) from Outperform to Neutral....
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Oppenheimer Downgrades CMS Energy, SunTrust Banks, Comerica, Rackspace (CMS, STI, CMA, RAX)
Thursday, January 6, 2011 - 10:43am | 67Oppenheimer downgrades the following companies: CMS Energy (NYSE: CMS) from Outperform to Perform. SunTrust Banks (NYSE: STI) from Perform to Underperform. Comerica (NYSE: CMA) from Outperform to Perform. Rackspace (NYSE: RAX) from Outperform to Perform.
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Duke Energy Declares Quarterly Dividend of $0.245
Thursday, January 6, 2011 - 9:44am | 41Duke Energy (NYSE: DUK) has declared a quarterly cash dividend on its common stock of $0.245 per share. The dividend is payable on March 16, 2011, to shareholders of record at the close of business Feb. 11, 2011.
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J.P. Morgan Downgrades ETR To Neutral; PT Drops To $76
Thursday, January 6, 2011 - 8:36am | 28J.P. Morgan is downgrading Entergy Corporation (NYSE: ETR) to Neutral from Overweight, and has lowered its PT to $76 from $87.
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Morgan Stanley Downgrades TE To Underweight
Thursday, January 6, 2011 - 7:48am | 52Analysts at Morgan Stanley downgrade TECO Energy Inc (NYSE: TE) from “equal weight” to “underweight.” The target price for TE has been raised from $17.75 to $18. TE shares fell 0.28% to close at $18.00 yesterday. More Analyst Ratings here
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Morgan Stanley Upgrades PCG To Overweight
Thursday, January 6, 2011 - 7:43am | 52Analysts at Morgan Stanley upgrade PG&E Corporation (NYSE: PCG) from “equal weight” to “overweight.” The target price for PCG has been raised from $49 to $52.50. PCG shares fell 1.55% to close at $46.86 yesterday. More Analyst Ratings here
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Mad Money Lightning Round: Cramer Likes Atmel (SRE, DUK, IVAN, FLR, HW, C, HES, XOM, PBCT, ATML)
Thursday, January 6, 2011 - 4:56am | 282On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Sempra Energy (NYSE: SRE) is “OK. I used to like it when it was lower, but I have other utilities that are better. I like Duke Energy (NYSE: DUK) for its yield." For Ivanhoe Energy (NASDAQ: IVAN), he said, "It has millions of...
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Xcel Excelling in Recycling Service - Analyst Blog
Wednesday, January 5, 2011 - 7:33pm | 375Xcel Energy Inc. (XEL) received a contract extension from Appliance Recycling Centers of America Inc. (ARCI) to provide refrigerator recycling services for the Xcel's residential electric customers in Colorado, Minnesota and New Mexico. The contract has been extended through December 31, 2011....