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Exelon Earnings Preview: Revenue, Earnings Expected to Fall from Previous Quarter
Friday, July 22, 2011 - 1:11pm | 575Exelon (NYSE: EXC) releases its next round of earnings this Wednesday, July 27, 2011. Here's Benzinga's essential guide to Exelon's second quarter earnings report. Earnings and Revenue: Ahead of the company's earnings announcement, analysts are expecting a positive EPS reading of 97 cents per...
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Southern Company Earnings Preview: Analyts Expect Higher Earnings, Revenue from Prior Quarter
Friday, July 22, 2011 - 1:11pm | 577Southern Company (NYSE: SO) announces its next round of earnings this Wednesday, July 27, 2011. Get prepared with Benzinga's ultimate preview for Southern Company's second quarter earnings. Earnings and Revenue: Ahead of the company's earnings announcement, analysts are expecting a positive...
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Wunderlich Securities Lowers Spectra Energy Partners PT
Friday, July 22, 2011 - 1:01pm | 80Wunderlich Securities lowered its Spectra Energy (NYSE: SEP) price target from $37 to $35 in a research report published today. Wunderlich Securities has a Hold rating on Spectra Energy. In the report, Wunderlich Securities states, "Although we have reduced our outlook for the distribution over...
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NextEra Energy Earnings Preview: Analyts Expect Higher Earnings, Revenue from Prior Quarter
Friday, July 22, 2011 - 12:40pm | 585NextEra Energy (NYSE: NEE) releases its next round of earnings this Wednesday, July 27, 2011. Get the latest predictions in Benzinga's essential guide to the company's second quarter earnings report. Earnings and Revenue: Wall Street expects a EPS of $1.09 per share and revenues of $3.72...
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PSEG Subsidiaries File Suit Against Dynegy
Friday, July 22, 2011 - 8:34am | 118Roseton OL, LLC and Danskammer OL, LLC, indirect subsidiaries of Public Service Enterprise Group (NYSE: PEG), have filed suit against Dynegy Holdings Inc. in the Delaware Court of Chancery to halt DHI's proposed transfer of certain of its coal and natural gas power assets to new "bankruptcy remote...
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Spectra Energy Partners Increases Quarterly Cash Distribution from $0.46 to $0.465
Thursday, July 21, 2011 - 4:46pm | 92Spectra Energy Partners, LP (NYSE: SEP) announced that the board of directors of its general partner declared a quarterly cash distribution to unitholders of $0.465 per unit, an increase of one-half cent over the previous level of $0.46 per unit. This is the 15th consecutive quarter that Spectra...
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Ferrellgas Acquires Florida-Based Williams Panhandle Propane; Terms Not Disclosed
Thursday, July 21, 2011 - 11:54am | 181Ferrellgas Partners, L.P. (NYSE: FGP) today announced the acquisition of Williams Panhandle Propane, an independent propane retailer with locations in Tallahassee and Carrabelle, Florida. The acquisition opens new market areas for Ferrellgas and marks the partnership's fifth acquisition since the...
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Wells Fargo Initiating Coverage On Alliant Energy Corp.
Thursday, July 21, 2011 - 8:40am | 131Wells Fargo is out with a research report on Alliant Energy Corp. (NYSE: LNT) and is initiating coverage with a Market Perform rating and a $43-$44 valuation. In a note to clients, Wells Fargo writes, "We are initiating coverage of LNT with a Market Perform. Our 11-13 EPS estimates are $2.85, $2....
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Wells Fargo Initiates Alliant Energy at Market Perform
Thursday, July 21, 2011 - 8:31am | 24Wells Fargo has initiated coverage on Alliant Energy Corporation (NYSE: LNT) with a Market Perform rating.
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Deutsche Bank Upgrades FirstEnergy To Buy
Thursday, July 21, 2011 - 8:18am | 71According to Deutsche Bank, FirstEnergy (NYSE: FE) is upgraded to Buy. Deutsche Bank said that it is upgrading from Hold to Buy and raising target from $45 to $49. “With forward power prices starting to reflect the uplift from pending EPA rules and regulated utility values stretched, we believe it...
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News Summary for July 20, 2011
Thursday, July 21, 2011 - 7:53am | 701This is your Benzinga news summary and traders' outlook for Thursday, July 21, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading slightly lower as traders wait for several blue-chip companies to report...
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Stansberry's "Next Boom" Portfolio And "Victims" List For 7/21
Thursday, July 21, 2011 - 7:07am | 82In its latest letter, Stansberry's Investment Advisory adds Cheniere Energy (NYSE: LNG) and Dominion Resources (NYSE: D) to its "Next Boom" portfolio list at a Buy rating. It also adds Royal Bank of Scotland (NYSE: RBS) and Deutsche Bank (NYSE: DB) to its "Victims" list at a Sell Short rating.
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Citi Updates 7/21/11
Thursday, July 21, 2011 - 6:42am | 132Citi made a number of updates in a research report published today. Ferrellgas Partners (NYSE: FGP) had its rating downgraded to Sell. On Wednesday, FGP added 1.63% to its value to finish the day at $22.45. Inergy (NASDAQ: NRGY) had its rating downgraded to Sell. On Wednesday, NRGY added 1.5% to...
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Deutsche Bank Updates 7/21/11
Thursday, July 21, 2011 - 6:35am | 663Deutsche Bank made a number of updates in a research report published today. Tractor Supply Co. (NASDAQ: TSCO) had its rating reiterated at Buy. At the same time, its price target was raised from $70 to $80. Johnson Controls (NYSE: JCI) had its rating reiterated at Hold...
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Deutsche Bank Upgrades FirstEnergy to Buy, Raises PT to $49
Thursday, July 21, 2011 - 6:19am | 42FirstEnergy (NYSE: FE) had its rating upgraded from Hold to Buy. At the same time, its price target was raised from $45 to $49. On Wednesday, FE added 0.79% to its value to end the day at $43.43.