-
Company News for December 30, 2010 - Corporate Summary
Thursday, December 30, 2010 - 10:43am | 694• BHP Billiton (NYSE:BHP) plans to offer a price of $90 per share for Anadarko (NYSE:APC) • Lockheed Martin (NYSE:LMT) was awarded a Navy contract yesterday to build 10 warships known as Littoral Combat Ships, between now and 2015 worth up to $3.6 billion • Susquehanna increased its target price...
-
Aqua America's Texas Subsidiary Acquires Water and Wastewater Systems for $3.3M
Thursday, December 30, 2010 - 9:32am | 32Aqua America, Inc. (NYSE: WTR) announced today that its Texas subsidiary has acquired the water and wastewater system assets of Gray Utility for $3.3 million.
-
Spectra Energy's Growth To Be Strong Through 2013
Thursday, December 30, 2010 - 9:27am | 131Wunderlich Securities has published a research report on Spectra Energy Partners (NYSE: SEP) and has initiated coverage on the company with a Hold rating. In the report, Wunderlich writes "The partnership's distribution growth over the next several years should be strong at an estimated 11.5% in...
-
Jefferies Rates PNM Resources At Underperform (PNM)
Thursday, December 30, 2010 - 8:42am | 156Jefferies & Co. has an Underperform rating and a $10 price target on shares of PNM Resources, Inc. (NYSE: PNM). In a note sent to clients, Jefferies writes, "We are increasing our 4Q10 EPS estimate by $0.10 to $0.05 due to the expected contribution of First Choice, the company's retail supply...
-
Wunderlich Initiates Spectra Energy At Hold
Thursday, December 30, 2010 - 8:21am | 27Wunderlich Securities has initiated coverage on Spectra Energy Partners, LP (NYSE: SEP) with a Hold rating and $37 price target.
-
Wunderlich Initiates SEP With Hold
Thursday, December 30, 2010 - 8:10am | 51Analysts at Wunderlich initiate coverage of Spectra Energy Partners LP (NYSE: SEP) with a “hold” rating. The target price for SEP is set to $37. SEP shares lost 0.36% to close at $32.83 yesterday. More Analyst Ratings here
-
BROOKFIELD ASST (BAM) - Profit Tracks
Thursday, December 30, 2010 - 1:00am | 637Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid....
-
FirstEnergy Sells Production Stakes - Analyst Blog
Wednesday, December 29, 2010 - 6:33pm | 532FirstEnergy Generation Corp., a subsidiary of FirstEnergy Corporation (FE), sold its 6.65% stake in the output of the Ohio Valley Electric Corporation (OVEC) to Peninsula Generation Co-operative, in order to focus its attention on building its electricity generation business. The company...
-
FirstEnergy Sells Production Stakes - Analyst Blog
Wednesday, December 29, 2010 - 6:10pm | 532FirstEnergy Generation Corp., a subsidiary of FirstEnergy Corporation (FE), sold its 6.65% stake in the output of the Ohio Valley Electric Corporation (OVEC) to Peninsula Generation Co-operative, in order to focus its attention on building its electricity generation business. The company...
-
Puts Purchased on FirstEnergy Corp. (FE)
Wednesday, December 29, 2010 - 1:40pm | 135Shares of FirstEnergy Corp. (NYSE: FE) are lower on the session by 0.05%, currently trading at $37.35. The stock has been moving largely higher over the past two months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying puts on the name today...
-
Benzinga's Political Roundup (DYN)
Wednesday, December 29, 2010 - 1:22pm | 72The Federal Trade Commission approved Carl Icahn's takeover of Dynegy (NYSE: DYN) for $5.50 per share. The Securities and Exchange Commission has started to look into the trading of private companies. This could potentially force a company like Facebook to go public before it wants to.
-
Regulatory Approval For Icahn Bid - Analyst Blog
Wednesday, December 29, 2010 - 10:03am | 429Icahn Enterprises L.P. (IEP) bid was accepted by The Federal Trade Commission to acquire Houston-based merchant generator, Dynegy Inc. (DYN). Earlier this month Icahn Enterprises had announced that it will acquire Dynegy for $5.50 per share in cash, or approximately $665 million. Under the...
-
Regulatory Approval For Icahn Bid - Analyst Blog
Wednesday, December 29, 2010 - 9:45am | 429Icahn Enterprises L.P. (IEP) bid was accepted by The Federal Trade Commission to acquire Houston-based merchant generator, Dynegy Inc. (DYN). Earlier this month Icahn Enterprises had announced that it will acquire Dynegy for $5.50 per share in cash, or approximately $665 million. Under the...
-
Xtreme Power and Xcel Energy Partner With SolarTAC
Wednesday, December 29, 2010 - 9:03am | 45Xtreme Power Inc. and Xcel Energy (NYSE: XEL) today announced a partnership to install a 1 megawatt system to collect operational data on the integration of energy storage and solar energy systems at the Solar Technology Acceleration Center.
-
Top 4 NYSE Stocks In The Foreign Utilities Industry With The Highest Cash (ENI, SBS, CPL, EOC)
Wednesday, December 29, 2010 - 4:57am | 140Below are the top foreign utility stocks on the NYSE in terms of cash. Enersis S A (NYSE: ENI) had $1.61 billion in total cash and $7.94 billion in total debt for the latest quarter. Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) had $1.00 billion in total cash and $4.51 billion...