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Constellation Energy Extends Agreement to Supply Competitive Electricity to the U.S. Postal Service in New York, Massachusetts and Maine
Tuesday, July 19, 2011 - 11:08am | 83Constellation Energy (NYSE: CEG) today announced that it has signed an agreement to provide electricity to U.S. Postal Service (USPS) facilities in New York, Massachusetts and Maine, continuing a six-year relationship with USPS. Under the competitively bid agreement, Constellation will supply...
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Rhode Island Manufacturers Association Reaffirms Long-Term Relationship with Constellation Energy
Tuesday, July 19, 2011 - 11:02am | 27Constellation Energy (NYSE: CEG) has again been chosen as the endorsed energy supplier for the Rhode Island Manufacturers Association.
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International Strategy & Investment Comments on Northeast Utilities
Tuesday, July 19, 2011 - 9:52am | 142International Strategy & Investment has published a report on Northeast Utilities (NYSE: NU). In the report, International Strategy & Investment wrote, "On July 18, the Boston Globe reported that an intervening party in the NU/NST merger case, the MA Department of Energy Resources (“DOER...
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Bank of America Comments On Entergy
Tuesday, July 19, 2011 - 7:08am | 105Bank of America has published a research report on Entergy (NYSE: ETR) after federal courts denied Entergy's preliminary injunction. Bank of America reported that, "Our price objective for ETR is $68. We use an average utility multiple of 12.5x 2013E utility earnings and 8.5x 2013E adjusted EBITDA...
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Top 4 Small-Cap Stocks In The Diversified Utilities Industry With The Highest EPS
Tuesday, July 19, 2011 - 2:49am | 140Below are the top small-cap diversified utilities stocks on the NYSE and the NASDAQ in terms of earnings per share. The trailing-twelve-month earnings per share at MGE Energy Inc (NASDAQ: MGEE) is $2.65. MGEE's operating margin for the same period is 20.30%. The trailing-twelve-month earnings per...
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The Laclede Group Completes 5-Year Credit Agreements
Monday, July 18, 2011 - 5:05pm | 64The Laclede Group, Inc. (NYSE: LG), and its principal subsidiary, Laclede Gas Company today announced that each has entered into a new revolving loan agreement. Existing arrangements due to expire later this year were terminated early to coincide with the execution of the new agreements. Both...
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SJI to Sell Certain Marcellus Shale Assets for $9M
Monday, July 18, 2011 - 2:16pm | 136South Jersey Industries (NYSE: SJI) announces that one of its subsidiaries has entered into agreements with Endeavour International Corporation (NYSE: END) to sell certain Marcellus Shale assets for total cash proceeds of approximately $9 million. The transaction involves the company's working...
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Stocks Going Ex Dividend the Fourth Week of July
Monday, July 18, 2011 - 1:58pm | 732Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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New Jersey Resources Board of Directors Declares Dividend of $0.36/Share
Monday, July 18, 2011 - 11:12am | 96The board of directors of New Jersey Resources (NYSE: NJR) has unanimously declared a quarterly dividend on its common stock of $.36 per share. The dividend will be payable on October 3, 2011, to shareowners of record on September 15, 2011. “These dividends are a testament to the dedication,...
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Options Brief: PPL Corporation
Monday, July 18, 2011 - 10:30am | 111Shares of PPL Corporation (NYSE: PPL) are lower on the session by 0.47%, trading at $27.65. Overall call volume is now running at 2.65x the daily average, with 25% of all calls traded being purchases on the offer. 1,821 contracts have traded on the session so far. PPL Corporation is an energy...
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Benzinga's Top Upgrades
Monday, July 18, 2011 - 8:05am | 129Analysts at FBR Capital upgraded EOG Resources Inc (NYSE: EOG) from “market perform” to “outperform.” EOG's shares closed at $101.19 on Friday. EOG's trailing-twelve-month revenue is $6.34 billion. Analysts at Citigroup upgraded Arch Coal Inc (NYSE: ACI) from “neutral” to “buy.” ACI's shares...
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Ladenburg Thalmann Maintains Neutral on American Water Works
Monday, July 18, 2011 - 7:38am | 95Ladenburg Thalmann is out with its report today on American Water Works (NYSE: AWK), maintaining Neutral. In a note to clients, Ladenburg Thalmann writes, "We remain Neutral weight on AWK, pending better visibility into the outcome of 13 underway or soon to begin rate cases in as many states that...
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Entergy Sees Q2 EPS of $1.75 vs. $1.65-1.75 Year Ago
Monday, July 18, 2011 - 7:05am | 123Entergy Corporation (NYSE: ETR) today indicated that it expects second quarter 2011 as-reported and operational earnings of approximately $1.75 per share. Results for second quarter 2010 were $1.65 per share on an as-reported basis and $1.71 per share on an operational basis. Entergy also affirmed...
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Merger Arbitrage Mondays – July 18, 2011
Monday, July 18, 2011 - 6:21am | 4847Merger activity rebounded again with six new deals announced and four closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 125 Total Number of Deals Not...
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Top 4 Stocks In The Foreign Utilities Industry With The Highest Operating Margin
Monday, July 18, 2011 - 12:14am | 137Below are the top foreign utilities stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at Empresa Nacional de Electricidad SA (NYSE: EOC) is 34.58%. EOC's revenue for the same period is $5.27 billion. The trailing-twelve-month operating...