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Morgan Stanley Affirms Strategy of MDU Resources Group
Friday, August 19, 2011 - 6:33am | 91Morgan Stanley has published a research report on MDU Resources Group (NYSE: MDU). In the report, Morgan Stanley wrote, "We attended MDU's Analyst Day in Denver and came away with an increased understanding of MDU's strategic priorities and growth opportunities. While we received more segment...
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SCANA Comments on Market Activity; Says Sale Rumors Are False
Friday, August 19, 2011 - 6:31am | 86SCANA Corporation (NYSE: SCG) today released the following statement of Bill Timmerman, Chairman and CEO of SCANA Corporation, related to recent trading activity. “We are aware of the unusually high trading activity in SCANA common stock yesterday. We are also aware of the internet-based rumor...
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Top 4 NASDAQ Stocks In The Water Utilities Industry With The Highest Dividend Yield
Friday, August 19, 2011 - 3:19am | 119Below are the top water utilities stocks on the NASDAQ in terms of dividend yield. Artesian Resources Corporation (NASDAQ: ARTNA) has a dividend yield of 4.30%. ARTNA's shares closed at $17.25 yesterday. Middlesex Water Company (NASDAQ: MSEX) has a dividend yield of 4.00%. MSEX's shares closed at...
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Fast Money Picks For August 19th (PCG, TGT, AMGN)
Thursday, August 18, 2011 - 7:05pm | 143CNBC Fast Money's Brian Kelly said on the show that you should sell silver tomorrow. Guy Adami believes that PG&E Corporation (NYSE: PCG) should be bought on Friday. PG&E Corporation (PCG) gained 0.12% today, and it closed at $41.30. Karen Finerman still likes Target Corporation (NYSE:...
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Calpine Authorizes Release of Remaining Reserve Shares, Fulfills Remaining Bankruptcy Obligations
Thursday, August 18, 2011 - 7:03pm | 260Calpine Corporation (NYSE: CPN), which emerged from bankruptcy in January 2008, today announced that it has authorized the release of approximately 19.8 million shares of Calpine common stock from reserves that had previously been set aside to satisfy bankruptcy claims that were not resolved at the...
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SDG&E Issues $350 Million in Bonds Jointly Led by Minority-Owned Investment Bank
Thursday, August 18, 2011 - 6:14pm | 401San Diego Gas & Electric, a unit of Sempra Energy (NYSE: SRE), today closed a public offering of $350 million of 10-year first-mortgage bonds. This transaction marks the second time SDG&E has used a minority-owned investment bank as co-lead in a bond offering. As part of its overall...
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Vectren Receives Approval to Continue Indiana Natural Gas Energy Efficiency Programs
Thursday, August 18, 2011 - 1:44pm | 99Vectren Energy Delivery of Indiana (NYSE: VVC) received approval today from the Indiana Utility Regulatory Commission to extend its natural gas energy efficiency programs known as Conservation Connection for another four years. Having originally received IURC approval in 2006 as the product of a...
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Notable Call Options Activity in SCANA
Thursday, August 18, 2011 - 9:51am | 124Shares of SCANA (NYSE: SCG) are higher on the session by 1.66%, currently trading at $39.26. The stock has been moving largely lower over the past three months, but it is currently trading above the 50-day average. Options traders are focusing on calls today. A short while ago the November $40.00...
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Jefferies Raises Price Target On Consolidated Edison To $54.50
Thursday, August 18, 2011 - 7:41am | 54According to Jefferies, Consolidated Edison (NYSE: ED) price target is raised to $54.50 from $52.50. Jefferies said that it is maintaining its 2013 EPS estimate of $3.85. “We are maintaining our Hold rating on Consolidated Edison, Inc. (Con Ed) following the release of 2Q11 earnings.”...
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Jefferies Raises PT On Consolidated Edison To $54.50
Thursday, August 18, 2011 - 5:43am | 27Jefferies & Company has raised the price target on Consolidated Edison (NYSE: ED) from $52.50 to $54.50 and maintains its Hold rating.
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Can Hawaii Achieve a Steady State Economy?
Thursday, August 18, 2011 - 4:04am | 54By: Kainoa Casco Can we? As Hawai'i's own Barack Obama said it, “Yes we can!” Why? Because we need to. A steady state economy is an Ecological Economics (EE) principle that promotes an economy that is not based off of continuous growth – rather, it is based upon a steady state. It is an economy...
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KBR to Provide Phenol License and Engineering Services for LG Chem Ltd., in Daesan, South Korea
Wednesday, August 17, 2011 - 3:07pm | 127KBR (NYSE: KBR) today announced it was awarded a contract by LG Chem Ltd. (LG) to license KBR's leading phenol technology for LG's 240 thousand metric tons per year (KTA) phenol plant in Daesan, South Korea. The Daesan plant will be the second license by LG for KBR's phenol technology. The first...
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Kirkland Andrews Joins NRG as Chief Financial Officer
Wednesday, August 17, 2011 - 1:35pm | 74Kirkland B. Andrews will join NRG Energy, Inc. (NYSE: NRG) as Executive Vice President and Chief Financial Officer, effective September 6, from Deutsche Bank Securities, where he served as Managing Director and Co-Head of Power and Utilities–Americas. Andrews succeeds Christian Schade who, as...
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Wunderlich Maintains Buy on NRG Energy
Wednesday, August 17, 2011 - 7:17am | 73Wunderlich is out with its report today on NRG Energy (NYSE: NRG), maintaining Buy. In its report, Wunderlich writes, "Though small, Energy Plus appears to have a unique affiliate marketing strategy that could accelerate NRG's retail expansion in the Northeast. We continue to have a Buy rating on...
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NRG Energy Announces Intent To Acquire Energy Plus Holdings For $190M
Wednesday, August 17, 2011 - 4:52am | 86A report published by Wunderlich Securities states, "NRG Energy (NYSE: NRG) announced its intent to acquire unregulated energy retailer, Energy Plus Holdings LLC, for $190 million in cash. Energy Plus has about 170,000 electric and gas customers primarily in the Northeastern U.S. Though no...