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American Water Increases Quarterly Dividend from $0.22 to $0.23
Friday, June 17, 2011 - 11:30am | 52American Water Works Company, Inc. (NYSE: AWK) announced today that its Board of Directors increased its quarterly cash dividend payment by five percent from $0.22 to $0.23 per share. The regular quarterly cash dividend is payable on September 1, 2011 to all shareholders of record as of August 12...
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Wunderlich Securities Downgrades Energy Transfer Equity to Hold, Maintains PT at $45
Friday, June 17, 2011 - 8:20am | 152Wunderlich Securities downgraded its rating on Energy Transfer Equity (NYSE: ETE) from Buy to Hold. At the same time, Wunderlich left its price target unchanged at $45 after the company announced it is acquiring its rival Southern Union (NYSE: SUG). In a research report published today, Wunderlich...
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Benzinga's Top Downgrades
Friday, June 17, 2011 - 7:55am | 144Analysts at JP Morgan downgraded MediaMind Technologies Inc (NASDAQ: MDMD) from “overweight” to “neutral.” MediaMind's shares closed at $21.91 yesterday. MediaMind's PEG ratio is 1.62. Analysts at Rodman & Renshaw downgraded China Finance Online Co Limited (NASDAQ: JRJC) from “market...
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Credit Suisse Updates 6/17
Friday, June 17, 2011 - 7:32am | 714Credit Suisse made a number of updates in today's research report. Diana Shipping (NYSE: DSX) was downgraded to Underperform from Outperform. At the same time, its price target was reduced to $8 from $15. In the report, Credit Suisse states, "We are downgrading DSX to Underperform (from...
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Jefferies Downgrades Southern Union To Hold, Lowers PT To $33
Friday, June 17, 2011 - 6:04am | 29Jefferies & company has downgraded Southern Union Company (NYSE: SUG) from Buy to Hold and has lowered the price target from $33.50 to $33.
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Top 4 Mid-Cap Stocks In The Diversified Utilities Industry With The Lowest PEG Ratio
Friday, June 17, 2011 - 12:11am | 119Below are the top mid-cap diversified utilities stocks on the NYSE and the NASDAQ in terms of PEG ratio NV Energy Inc (NYSE: NVE) has a PEG ratio of 1.48. NVE's trailing-twelve-month operating margin is 20.16%. Alliant Energy Corporation (NYSE: LNT) has a PEG ratio of 1.67. LNT's trailing-twelve-...
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10 Super-Fast Growth Stocks With Explosive Returns
Thursday, June 16, 2011 - 4:13pm | 4473One of the things that continuously frustrates us about the investment industry is how imprecise it can be with its definitions of important terms. A second frustration that follows muddy labels is the application of statistical analysis based on faulty or inaccurate descriptions of these important...
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Utilities Stocks Holding Steady Despite Turmoil
Thursday, June 16, 2011 - 2:49pm | 309Despite a downside reversal in the major indices, the utilities sector is showing strength, currently up 0.6% on the day – the strongest area of the market. The strongest stocks in the S&P 500 Utilities Sector currently are: 1) Duke Energy (NYSE: DUK): Shares of Duke Energy are currently...
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Deal Shows Nat Gas' Inexorable March
Thursday, June 16, 2011 - 2:06pm | 177Another sign of the inevitability of natural gas as the future fuel of this country emerged Thursday with Energy Transfer Equity's (NYSE: ETE) buyout of Southern Union (NYSE: SUG) for $4.11 billion. This deal for pipelines and storage will make Energy Transfer the largest pipeline company in the...
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Calls Purchased on Southern Union Company
Thursday, June 16, 2011 - 12:41pm | 117Shares of Southern Union Company (NYSE: SUG) are higher on the session by 17.64%, currently trading at $33.24. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. Though...
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Aqua America Completes Expansion in Texas with Purchase of Water Systems from American Water
Thursday, June 16, 2011 - 9:12am | 198Aqua America, Inc. (NYSE: WTR) announced today that its Texas subsidiary has completed the purchase of American Water Works Company, Inc.'s (NYSE: AWK) regulated Texas operations, significantly expanding its customer base in one of its fastest growing and energy-rich states. Aqua Texas has added...
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Bank of America Merrill Lynch Reiterates Buy on American Electric Power
Thursday, June 16, 2011 - 8:43am | 134Bank of America Merrill Lynch is out with its report today on American Electric Power (NYSE: AEP), reiterating Buy. In a note to clients, Bank of America Merrill Lynch writes, "Overall, we estimate that even without Ohio there is up to $0.40/sh of earnings upside from the modernization of AEP's...
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Upgrades Downgrades, Notable Events for June 16
Thursday, June 16, 2011 - 8:40am | 3003 buyouts: Multiband Corporation (MBND) buying WPCS International Incorporated (WPCS) DG FastChannel Inc. (DGIT) buying MediaMind Technologies Inc. (MDMD) Energy Transfer Equity, L.P. (ETE/ETP) buying Southern Union Company (SUG) Last Night: Finisar Corporation (FNSR) Halted in front of...
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News Summary for June 16, 2011
Thursday, June 16, 2011 - 8:22am | 302This is your Benzinga news summary and traders' outlook for Thursday, June 16, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading flat after the markets posted over a 1.5% loss yesterday. The U.S. dollar...
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KeyBanc Initiates Coverage On Energen At Buy, $75 PT
Thursday, June 16, 2011 - 7:55am | 108KeyBanc Capital Markets has initiated coverage on Energen Corporation (NYSE: EGN) with a Buy rating and $75 price target. In the report, KeyBanc writes, "We are initiating coverage of Energen Corporation (EGN-NYSE) with a BUY rating and price target of $75.00 per share, given our view that EGN is...