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Pepco Holdings Investing Over $500M in Capital Toward Smart Grid; Awarded $168M Grant from the Department of Energy
Monday, May 9, 2011 - 1:35pm | 45Pepco Holdings (NYSE: POM) has committed over $500 million in capital investments dedicated to the deployment of Smart Grid technology. PHI also received a grant of $168 million from USDOE as part of the American Recovery and Reinvestment Act.
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Wunderlich Securities Reduces EPS Estimates On Constellation Energy, Maintains Hold (CEG, EXC)
Monday, May 9, 2011 - 11:10am | 201Wunderlich Securities lowered its 2011 earnings per share estimates on Constellation Energy (NYSE: CEG) after worse than expected Q1 results. Wunderlich raised its earnings per share estimates for the next two year, however, leaving its rating unchanged at Hold. Wunderlich stressed ongoing merger...
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Wunderlich Securities Increases PT on Great Plains Energy to $23, Maintains Buy (GXP)
Monday, May 9, 2011 - 11:02am | 134Wunderlich Securities increased its price target on Great Plains Energy (NYSE: GXP) to $23. In a research report published today, Wunderlich also increased its earnings per share estimates for the next three years. In the report, Wunderlich states, "We are modestly tweaking our 2011E/2012E/2013E...
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Wunderlich Securities Increases PT on Great Plains Energy to $23, Maintains Buy (GXP)
Monday, May 9, 2011 - 11:02am | 134Wunderlich Securities increased its price target on Great Plains Energy (NYSE: GXP) to $23. In a research report published today, Wunderlich also increased its earnings per share estimates for the next three years. In the report, Wunderlich states, "We are modestly tweaking our 2011E/2012E/2013E...
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Wunderlich Securities Increases PT on Northeast Utilities to $37, Maintains Hold (NU)
Monday, May 9, 2011 - 10:54am | 127Wunderlich Securities increased its price target on Northeast Utilities (NYSE: NU) to $37 after better than expected Q1 results. In a research report published today, Wunderlich underlined bad weather and higher rates as reasons for Northeast's good performance, which was not enough to make...
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Wunderlich Securities Increases PT on Pepco Hodings to $19, Maintains Hold (POM)
Monday, May 9, 2011 - 10:42am | 164Wunderlich Securities increased its price target on Pepco Holdings (NYSE: POM) from $18 to $19 after better than expected Q1 results. In a research report published today, Wunderlich increased its earnings per share estimate for 2011 and 2012. These increases were not enough to persuade Wunderlich...
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AES CEO Paul Hanrahan Says Agreed to Sell 49% Stake of Vietnam Coal Plant Project and Sees Merger Approval by Q1 2012 (AES)
Monday, May 9, 2011 - 10:36am | 30AES (NYSE: AES) CEO says, "AES agreed to sell 49% stake of Vietnam Coal Plant project.... sees Ohio regulatory merger approval by Q1 2012."
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UPDATE: Sempra Energy Reports Q1 Profit of $258 million
Monday, May 9, 2011 - 10:10am | 111Sempra Energy Inc (NYSE: SRE) reported its first-quarter results on Monday. The company's quarterly profit surged to $258 million, or $1.07 per share, from $106 million, or $0.43 per share, in the year-earlier period. The company's revenue dropped to $2.43 billion, from $2.53 billion. However,...
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Constellation Says 6 Holder Class Action Lawsuits Filed -Bloomberg (CEG)
Monday, May 9, 2011 - 10:03am | 22Bloomberg reports that Constellation (NYSE: CEG) says 6 holder class action lawsuits have been filed.
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Market Update- SRE, ISAT, THC, SYY, ONTY, TRMB, NVDA- Analysts Upgraded
Monday, May 9, 2011 - 9:57am | 1519Sempra Energy (NYSE:SRE) first-quarter profit rose to $258 million, or $1.07 a share, from $106 million. () is trading at a price of $1.69,a dramatic change of 0.06 with % change of 3.68 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in...
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Dividend Champion Portfolio for May
Monday, May 9, 2011 - 9:48am | 360Get MarketClub's Free Daily Video Market Updates Here Follow me on Twitter! I have updated the Dividend Champion Portfolio for May. The full commentary can be viewed here. I began tracking the portfolio in December and to date it is up 9.66% including dividends. For May 9th, the portfolio will...
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Earnings Roundup For May 9 (SYY, DYN, HBC, AES, TSN, SFTBF, LNMIY, SCHYY, SJI, CORE, PETS)
Monday, May 9, 2011 - 9:11am | 632Sysco Corp (NYSE: SYY) reported its FQ3 profit at $258.5 million, or $0.44 per share, from $247.6 million, or $0.42 per share, in the year-earlier period. The company's sales jumped to $9.76 billion from $8.95 billion. However, analysts were expecting earnings of $0.41 per share on sales of $9.45...
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Sempra Energy Reports EPS of $1.07 vs. $0.99 Estimate; Revenues $2.43B vs. $2.46B Estimate (SRE)
Monday, May 9, 2011 - 9:01am | 22Sempra Energy (NYSE: SRE) Reports EPS of $1.07 vs. $0.99 Estimate; Revenues $2.43B vs. $2.46B Estimate
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UPDATE: Dynegy Swings To Q1 Loss
Monday, May 9, 2011 - 8:41am | 104Dynegy Inc (NYSE: DYN) swung to a Q1 loss from a profit in the year-ago period. The company reported a quarterly loss of $77 million, or $0.64 per share, from a net income of $145 million, or $1.20 per share, in the year-earlier period. The company's adjusted earnings before interest, taxes,...
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UPDATE: Bank of America Merrill Lynch Raises Price Objective on Westar Energy to $29 (WR)
Monday, May 9, 2011 - 8:39am | 128Bank of America Merrill Lynch is out with its report today on Westar Energy (NYSE: WR), raising its price objective from $27 to $29. In a note to clients, Bank of America Merrill Lynch writes, "We are updating regulated valuation multiples from a 2012 to 2013 basis. Our $29 P.O. is based on an...