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UPDATE: Central Vermont Public Service to Discuss Acquisition Announcement at 10:00 a.m. EST
Tuesday, May 31, 2011 - 9:48am | 96Central Vermont Public Service (NYSE: CV) will hold a teleconference this morning at 10:00 a.m. ET to discuss the announcement on May 30, 2011 that it has entered into a definitive agreement with Fortis Inc. for the purchase by Fortis of all of the outstanding common shares of CVPS for an aggregate...
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Benzinga's Top Downgrades
Tuesday, May 31, 2011 - 8:26am | 138Analysts at Argus downgraded Medtronic Inc (NYSE: MDT) from “hold” to “sell.” MDT's shares closed at $40.31 yesterday. Medtronic 's PEG ratio is 1.42. Analysts at JP Morgan downgraded TASER International Inc (NASDAQ: TASR) from “neutral” to “underweight.” TASR's shares closed at $4.65 yesterday....
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Bank of America Merrill Lynch Reiterates Buy on Wisconsin Energy
Tuesday, May 31, 2011 - 7:28am | 107Bank of America Merrill Lynch is out with its report today on Wisconsin Energy (NYSE: WEC), reiterating Buy. In a note to clients, Bank of America Merrill Lynch writes, "We continue to believe that the combination of high earnings growth over the next couple years and the potential of above-...
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Top 4 Mid-Cap Stocks In The Gas Utilities Industry With The Highest ROE
Tuesday, May 31, 2011 - 12:59am | 142Below are the top mid-cap gas utilities stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at AmeriGas Partners LP (NYSE: APU) is 27.28%. APU's revenue for the same period is $2.38 billion. The trailing-twelve-month return on equity at ONEOK...
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Stocks Going Ex Dividend the Second Week of June
Monday, May 30, 2011 - 4:33pm | 751Here 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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High Yield Electric Utilities: Check Out the Dividend Increasers
Saturday, May 28, 2011 - 8:39pm | 457If dividend increases are indicative of a strong industry, then electric utilities are in great shape. Portland General Electric Company (POR) recently announced a 2 percent increase in its quarterly common stock dividend to 26.5 cents per share, up from 26.0 cents per share for the previous...
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SCE&G Files for Rate Adjustment Under Base Load Review Act
Friday, May 27, 2011 - 3:42pm | 95South Carolina Electric & Gas Company, principal subsidiary of SCANA Corporation (NYSE: SCG), today filed with the Public Service Commission of South Carolina and the South Carolina Office of Regulatory Staff for an overall 2.7 percent increase to its approved electric rates under provisions of...
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Top Yielding Water Utility Stocks
Friday, May 27, 2011 - 10:26am | 416Water utility stocks provide excellent income diversification along with a portfolio of electric utilities and natural gas utilities. Water utilities provide CD beating yields ranging from 2.5% to 4%. There are about a dozen water utility stocks with dividends that were turned up by...
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UPDATE: Gabelli Upgrades Empire District Electric to Buy
Friday, May 27, 2011 - 9:35am | 154Gabelli is out with its report today on Empire District Electric (NYSE: EDE), upgrading EDE from Hold to Buy. In a note to clients, Gabelli writes, "We have raised our rating on shares of Empire District Electric (to BUY, from Hold. Shares declined 15% yesterday following the announcement of a...
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Gabelli Upgrades Empire District Electric To Buy
Friday, May 27, 2011 - 8:39am | 21Gabelli has upgraded Empire District Electric Company (NYSE: EDE) from Hold to Buy.
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Wells Fargo Upgrades Entergy Corporation To Outperform, $67 PT
Friday, May 27, 2011 - 8:24am | 27Wells Fargo has upgraded Entergy Corporation (NYSE: ETR) from Market Perform to Outperform and has established a $67 price target.
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StarTex Power Signs Definitive Merger Agreement To Be Acquired By Constellation Energy
Friday, May 27, 2011 - 8:01am | 223StarTex Power announced today that it has signed a definitive merger agreement to be acquired by Constellation Energy (NYSE: CEG). Constellation, headquartered in Baltimore with approximately 12,000 megawatts of generation capacity, will leverage StarTex Power's model based on award-winning...
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Constellation Energy to Acquire Texas Residential Energy Supplier And Expand National Residential Customer Base for $142.5M
Friday, May 27, 2011 - 8:01am | 148Constellation Energy (NYSE: CEG) today announced it has signed a definitive merger agreement to acquire 100 percent of StarTex Power, a Houston retail electric provider with approximately 170,000 customers. The purchase of StarTex Power for $142.5 million in an all-cash transaction gives...
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UPDATE: Jefferies Color on Empire District Electric Target Decrease
Friday, May 27, 2011 - 7:37am | 108Jefferies, which lowered its PT on shares of Empire District Electric (NYSE: EDE), is providing some color on the stock. “Empire hosted a conference call to update investors on the storm and its impact on the company's dividend,” Jefferies writes. “The company announced that it has suspended the...
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Jefferies Lowers PT On Empire District Electric To $20
Friday, May 27, 2011 - 6:12am | 28Jefferies & Company has lowered the price target on Empire District Electric (NYSE: EDE) from $23.50 to $20 and maintains its Hold rating.