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UPDATE: Williams Capital Initiates Northwestern at Hold
Thursday, July 14, 2011 - 9:50am | 128Williams Capital is out with its report today on NorthWestern (NYSE: NWE), initiating NWE at Hold. In a note to clients, Williams Capital writes, "We initiate coverage on NorthWestern Corporation with a Hold investment rating and $35.00 target price on July 14, 2011 at a price of $33.91. Our...
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Biggest Gainers Pre-Market Going Into the Opening Bell
Thursday, July 14, 2011 - 9:20am | 120Cypress Semiconductor (NASDAQ: CY) is trading up over 14% after Collins Stewart reiterated its Buy rating on the company. Seattle Genetics (NASDAQ: SGEN) is trading up over 13% before the stock was halted. ConocoPhillips (NYSE: COP) is trading up over 8% after announcing plans to split into two...
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AEP Places Carbon Capture Commercialization on Hold, Citing Uncertain Status of Climate Policy, Weak Economy
Thursday, July 14, 2011 - 8:59am | 62American Electric Power (NYSE: AEP) is terminating its cooperative agreement with the U.S. Department of Energy and placing its plans to advance carbon dioxide capture and storage technology to commercial scale on hold, citing the current uncertain status of U.S. climate policy and the continued...
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J.P. Morgan Reiterates Neutral Rating On Black Hills
Thursday, July 14, 2011 - 8:53am | 75According to J.P. Morgan, Black Hills Corp (NYSE: BKH) 2010E EPS are raised. J.P. Morgan said that it is remaining cautious with its near-term outlook for BKH, and is reiterating its Neutral rating. “We are raising our 2012 earnings forecast to reflect additional earnings from new power plants at...
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Bank of America Provides Color on Ameren
Thursday, July 14, 2011 - 8:48am | 160Bank of America provided color on Ameren (NYSE: AEE). In a research report published today, Bank of America commented on the recent decision in Missouri to raise electric rate for Ameren Missouri. In the report, Bank of America states, “On 7/13, the Missouri Public Service Commission (MoPSC) voted...
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Williams Capital Initiates SCANA Corporation At Buy, $45 PT
Thursday, July 14, 2011 - 8:45am | 24Williams Capital has initiated coverage on SCANA Corporation (NYSE: SCG) with a Buy rating, $45 price target.
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Williams Capital Initiates NorthWestern Corporation At Hold, $35 PT
Thursday, July 14, 2011 - 8:42am | 25Williams Capital has initiated coverage on NorthWestern Corporation (NYSE: NWE) with a Hold rating and $35 price target.
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Benzinga's Top Pre-Market Gainers
Thursday, July 14, 2011 - 8:23am | 116ConocoPhillips (NYSE: COP) shares advanced 10.35% to $82.10 in the pre-market session. COP announced its plans to split off its refining unit into a separate, publicly-traded company. Yum! Brands Inc (NYSE: YUM) shares advanced 2.66% to $57.06 in the pre-market session. YUM reported a 10% rise in...
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Williams Announces Revised Proposal to Acquire Southern Union for $44.00 per Share
Thursday, July 14, 2011 - 8:01am | 130Williams (NYSE: WMB) announced today that it submitted an enhanced proposal to acquire Southern Union Company (NYSE: SUG) for $44.00 per share in cash, for a total enterprise value of $9.4 billion. Williams conveyed the all-cash, premium proposal via a letter to the Special Committee of Southern...
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Wunderlich Securities Maintains Buy Rating on SCANA Corp.
Thursday, July 14, 2011 - 7:52am | 149Wunderlich Securities is updating its thoughts on SCANA Corp. (NYSE: SCG) “following developments over the last few weeks.” “At a meeting with Westinghouse on June 30, nuclear regulators mentioned a revised schedule would be issued for AP1000 approval,” Wunderlich Securities writes. “In addition,...
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Wunderlich Outlook on Ameren Encompasses Constructive Missouri Regulation
Thursday, July 14, 2011 - 7:29am | 121“The final rate order for Sell-rated Ameren's (NYSE: AEE) Missouri electric utility appears largely in line with our expectation,” Wunderlich Securities wrote in a report this morning. “Regulators granted a better-than-expected 10.2% ROE vs. the 10.0% discussed in a Commission meeting a few weeks...
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JP Morgan Raises PT On Black Hills To $27
Thursday, July 14, 2011 - 7:12am | 28JP Morgan has raised the price target on Black Hills Corporation (NYSE: BKH) from $26 to $27 and maintains its Neutral rating.
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Wunderlich Securities Reiterates Buy on SCANA
Thursday, July 14, 2011 - 3:42am | 44Wunderlich Securities reiterated its Buy rating on SCANA (NYSE: SCG). At the moment, Wunderlich has a price target of $44 placed on the company's stock. On Wednesday, SCG added 0.2% to its value to finish the day at $39.31.
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Top 4 Mid-Cap Stocks In The Gas Utilities Industry With The Highest Cash
Thursday, July 14, 2011 - 3:32am | 126Below are the top mid-cap gas utilities stocks on the NYSE and the NASDAQ in terms of cash. ONEOK Inc (NYSE: OKE) had $877.20 million in total cash and $5.39 billion in total debt for the latest quarter. Atmos Energy Corporation (NYSE: ATO) had $199.26 million in total cash and $2.16 billion in...
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Stocks to Watch for Thursday 7/14/2011: Fresh 52 Week Highs and Lows
Thursday, July 14, 2011 - 2:29am | 1820Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesday's trading session (listed from highest total volume to lowest): 1) SPDR Gold Shares (NYSE: GLD):...