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Bank of America Raises PO On Alliant Energy To $41
Friday, May 20, 2011 - 7:09am | 28Bank of America has raised the price objective on Alliant Energy (NYSE: LNT) from $38 to $41 and maintains its Neutral rating.
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AES Corp. Raised to Buy From Hold at Citigroup
Friday, May 20, 2011 - 7:08am | 21Citigroup raised its rating on AES Corporation (NYSE: AES) from Hold to Buy.
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Citigroup Upgrades AES To Buy, PT Raised To $16
Friday, May 20, 2011 - 5:57am | 28Citigroup has upgraded the AES Corporation (NYSE: AES) from Hold to Buy and has raised the price target from $14 to $16.
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Fast Money Picks For May 20th (SPY, EWZ, BDX, D, DIS)
Thursday, May 19, 2011 - 7:19pm | 234On CNBC's Fast Money, JJ Kinahan said that he would short SPDR S&P 500 ETF (NYSE: SPY) tomorrow. SPDR S&P 500 ETF (SPY) gained 0.24% today, and it closed at $134.68. Tim Seymour wants to take a short position in iShares MSCI Brazil Index (ETF) (NYSE: EWZ), because Brazil has inflation...
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Stock Picks and Trade Ideas for Friday, May 20
Thursday, May 19, 2011 - 6:09pm | 2362( click to enlarge ) Tellabs, Inc. (NASDAQ:TLAB) was one of the stronger stocks today bouncing off support. Formed a nice bullish engulfing pattern and volume was above average on the day, which is bullish. The technical chart also shows that stochastics are turning back up from an oversold...
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Ameren Corporation Announces Federal Energy Regulatory Commission Approval of Rate Treatment for New Transmission Projects
Thursday, May 19, 2011 - 4:04pm | 106Ameren Corporation (NYSE: AEE) announced today the Federal Energy Regulatory Commission has approved rate treatments filed on behalf of Ameren's newly formed transmission company, Ameren Transmission Company, and Ameren's utility operating companies—Ameren Illinois and Ameren Missouri. The FERC...
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Board Selects Ruelle to Succeed Moore as CEO
Thursday, May 19, 2011 - 12:00pm | 109The Westar Energy, Inc. (NYSE: WR) Board of Directors announced at today's annual shareholder meeting that Executive Vice President and Chief Financial Officer Mark A. Ruelle, 49, will succeed President and Chief Executive Officer William B. Moore upon his retirement. Effective today, Ruelle will...
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Aqua America Subsidiaries Buy Four Water and Wastewater Systems in North Carolina and Virginia
Thursday, May 19, 2011 - 11:46am | 106Aqua America, Inc. (NYSE: WTR) announced today that its North Carolina and Virginia subsidiaries have purchased water and wastewater systems in their respective states. Aqua North Carolina, Inc. purchased the water and wastewater system assets serving approximately 400 people in Colvard Farms...
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UPDATE: Bank of America Merrill Lynch Raises PO on FirstEnergy to $47
Thursday, May 19, 2011 - 8:27am | 133Bank of America Merrill Lynch is out with its report today on FirstEnergy (NYSE: FE), raising its PO from $42 to $47. In a note to clients, Bank of America Merrill Lynch writes, "We are boosting our price objective to $47 from $42 to reflect the significantly higher earnings potential in 2014...
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Bank of America Raises PT On FirstEnergy To $47
Thursday, May 19, 2011 - 7:11am | 27Bank of America has raised the price objective on FirstEnergy (NYSE: FE) from $42 to $47 and maintains its Neutral rating.
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Calls Purchased on CenterPoint Energy, Inc. (CNP)
Wednesday, May 18, 2011 - 2:48pm | 162Shares of CenterPoint Energy, Inc. (NYSE: CNP) are higher on the session by 1.61%, currently trading at $18.93. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name...
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Duke Plans To Buy Progress Energy And Has $1 Billion Overseas To Repatriate, Will Spend In U.S.
Wednesday, May 18, 2011 - 1:22pm | 38Duke (NYSE: DUK) says, "plans to buy progress energy, owner of N.C. nuclear plant... power industry has $1B overseas to repatriate... repatriated profits would be spent in U.S."
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Xcel Energy Increases Dividend by 2.97% to $0.26
Wednesday, May 18, 2011 - 12:52pm | 86The Xcel Energy Inc. (NYSE: XEL) board of directors today declared regular quarterly dividends on all series of outstanding preferred stock, which are payable on July 15, 2011, to shareholders of record on June 23, 2011. The board raised the quarterly dividend on the company's common stock from...
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Ladenburg Thalmann Initiates California Water Service Group at Buy (CWT)
Wednesday, May 18, 2011 - 9:00am | 107Ladenburg Thalmann is out with its report today on California Water Service Group (NYSE: CWT), initiating CWT at Buy. In a note to clients, Ladenburg Thalmann writes, "We initiate coverage of CWT with a BUY rating and 12-month price target of $42, which represents a one-year total return of 17.8...
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UPDATE: Ladenburg Thalmann Initiates Connecticut Water Service at Neutral (CTWS)
Wednesday, May 18, 2011 - 8:16am | 116Ladenburg Thalmann is out with its report today on Connecticut Water Service (NASDAQ: CTWS), initiating CTWS at Neutral. In a note to clients, Ladenburg Thalmann writes, "Though we believe a premium for CTWS shares is warranted, we do not see a catalyst for a 15% 12-month total return at this time...