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UPDATE: Ladenburg Thalmann Initiates Aqua America at Buy
Thursday, June 9, 2011 - 9:06am | 85Ladenburg Thalmann is out with its report today on Aqua America (NYSE: WTR), initiating WTR at Buy. In a note to clients, Ladenburg Thalmann writes, "We initiate coverage of WTR shares with a BUY rating and a $25 price target, representing a total return of 20%. Our target is based on the shares...
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UPDATE: Ladenburg Thalmann Initiates SJW at Buy
Thursday, June 9, 2011 - 9:02am | 117Ladenburg Thalmann is out with its report today on SJW (NYSE: SJW), initiating SJW at Buy. In a note to clients, Ladenburg Thalmann writes, "We initiate coverage of SJW shares with a BUY rating and a $29 price target, representing a total return of 33.2%. Our target is based on a total enterprise...
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Spectra Energy Partners Announces Pricing of Public Offering of 6.25M Common Units Priced at $30.96/Unit
Thursday, June 9, 2011 - 8:19am | 155Spectra Energy Partners, LP (NYSE: SEP) announced today that its public offering of 6,250,000 common units was priced at $30.96 per unit to the public. The Partnership expects the delivery of the units to occur on June 14, 2011. In addition, the underwriters have an overallotment option to purchase...
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UPDATE: J.P. Morgan Lowers PT on Black Hills to $25
Thursday, June 9, 2011 - 7:44am | 70J.P. Morgan is out with its report today on Black Hills (NYSE: BKH), lowering its PT from $30 to $25. In a note to clients, J.P. Morgan writes, "We are cutting our December 2011 price target to $25 per share from $30 to reflect our reduced EPS outlook." J.P. Morgan maintains Neutral on BKH....
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JP Morgan Lowers PT On Black Hills To $25
Thursday, June 9, 2011 - 6:21am | 28JP Morgan has lowered the price target on Black Hills Corporation (NYSE: BKH) from $30 to $25 and maintains its Neutral rating.
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Spectra Energy Partners Announces Commencement of Public Offering of 6.25M Common Units
Wednesday, June 8, 2011 - 4:04pm | 56Spectra Energy Partners, LP (NYSE: SEP) today announced it has commenced, subject to market conditions, an underwritten public offering of approximately 6,250,000 of its common units representing limited partner interests. The Partnership also intends to grant the underwriters a 30-day option to...
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Utilities Stocks Holding Steady
Wednesday, June 8, 2011 - 2:34pm | 218The Utilities Sector is putting in a modest 0.2% gain in today's session despite a weak overall market. The strongest names in the sector right now are: 1) NRG Energy (NYSE: NRG): Currently trading up 1.1% from yesterday's close to $24.15. The stock has lost 5.4% since setting a 52-week high of $...
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Puts Purchased on PG&E Corporation
Wednesday, June 8, 2011 - 12:15pm | 131Shares of PG&E Corporation (NYSE: PCG) are higher on the session by 0.05%, currently trading at $42.08. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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Top Narrow Based Indexes For June 8
Wednesday, June 8, 2011 - 10:28am | 213By 10:26 am, the Dow Jones Industrial Average was up 3.48 points, or 0.03%, to 12,074.29, while the broader Standard & Poor's 500 index had dropped 2.58 points, or 0.20%. The NASDAQ composite index fell 13.81 points, or 0.51%. Some of the narrow based indexes that are supporting the markets...
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Earnings Roundup For June 8
Wednesday, June 8, 2011 - 9:08am | 467Layne Christensen Co (NASDAQ: LAYN) reported stronger-than-expected first-quarter results on Wednesday. LAYN reported its quarterly net income at $13.1 million, or $0.66 per share, up from $6.6 million, or $0.34 per share, in the year-ago period. Excluding one-time items, LAYN's earnings came in at...
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UPDATE: Bank of America Color on Range Resources PO Increase
Wednesday, June 8, 2011 - 8:08am | 120Bank of America, which raised its PO on shares of Range Resources, is providing some color on the stock. “Yesterday Shell (NYSE: RDS-A) announced its plans to build a world-scale ethylene cracker in Appalachia to use locally-sourced ethane as feedstock,” Bank of America writes. “Together with...
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UPDATE: Piedmont Reports Weaker-Than-Expected Q2 Earnings
Wednesday, June 8, 2011 - 7:56am | 171Piedmont Natural Gas Company Inc (NYSE: PNY) reported downbeat results for its second quarter on Wednesday. Piedmont reported its quarterly net income at $47.4 million and diluted earnings per share at $0.66, versus a net income of $46.8 million and diluted earnings per share of $0.65, in the...
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Bank of America Reiterates Buy Rating on CenterPoint Energy
Wednesday, June 8, 2011 - 7:45am | 133According to a recent report from Bank of America, CenterPoint Energy (NYSE: CNP) expects to receive $1.85B of proceeds from the Texas Supreme Court decision. Bank of America looks at CNP for four potential uses of cash including debt payments, share buyback, investing in utility, and investing in...
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Earnings Scheduled For June 8
Wednesday, June 8, 2011 - 1:46am | 288Pall Corporation (NYSE: PLL) is projected to report its FQ3 EPS at $0.71 on revenue of $667.50 million. Cantel Medical Corp (NYSE: CMN) is expected to report its Q3 EPS at $0.31 on revenue of $76.17 million. Men's Wearhouse Inc (NYSE: MW) is estimated to report its Q1 EPS at $0.49 on revenue of...
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Stocks Going Ex Dividend the Third Week of June
Tuesday, June 7, 2011 - 9:36pm | 772Here 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...