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South Jersey Industries Reports EPS of $1.63 vs. $1.62 Estimate; Revenues $331.9M vs. $398.72M Estimate (SJI)
Monday, May 9, 2011 - 8:37am | 23South Jersey Industries (NYSE: SJI) Reports EPS of $1.63 vs. $1.62 Estimate; Revenues $331.9M vs. $398.72M Estimate
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Gabelli & Company Reports on Aqua America (WTR)
Monday, May 9, 2011 - 8:37am | 160Gabelli & Company was bullish in a report released on Aqua America (NYSE: WTR) today. Gabelli notes, “Aqua America reported first quarter 2011 operating earnings of $0.19 per share, excluding a $0.03 per share income tax benefit, compared to $0.16 share in the first quarter of 2010. Higher...
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UPDATE: Bank of America Merrill Lynch Raises Price Objective on Ameren to $29 (AEE)
Monday, May 9, 2011 - 8:33am | 102Bank of America Merrill Lynch is out with its report today on Ameren (NYSE: AEE), raising its price objective from $28 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 price objective is based on...
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Benzinga's Top Downgrades (ASEI, TE, OMPI, GSIC)
Monday, May 9, 2011 - 8:28am | 145Benchmark Company downgraded American Science and Engineering Inc (NASDAQ: ASEI) from “buy” to “hold.” ASEI's shares closed at $87.33 on Friday. American Science and Engineering's PEG ratio is 1.53. Bank of America downgraded TECO Energy (NYSE: TE) from “neutral” to “underperform.” TE's stock...
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Dynegy Reports EPS of $(0.64) vs. $(0.38) Estimate; Revenues $505M vs. $534.62M Estimate
Monday, May 9, 2011 - 8:07am | 21Dynegy (NYSE: DYN) Reports EPS of $(0.64) vs. $(0.38) Estimate; Revenues $505M vs. $534.62M Estimate
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UPDATE: Wunderlich Securities Color On POM Target Increase
Monday, May 9, 2011 - 8:06am | 137Wunderlich Securities, which raised its PT on shares of Pepco Holdings, Inc. (NYSE: POM), is providing some color on the stock. “POM reported 1Q EPS of $0.27 versus $0.12 a year ago and our estimate of $0.19,” Wunderlich Securities writes. “The better-than-expected results were driven by weather,...
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Jefferies Raises PT To $49 On PGN
Monday, May 9, 2011 - 7:58am | 101Jefferies, in light of the company's in line earnings in 1Q, has raised its price target on Progress Energy (NYSE: PGN) from $48 to $49. Says Jefferies, in its report, “Progress Energy reported 1Q ongoing earnings of $0.69, in line with our estimate of $0.69 and versus consensus of $0.67… Key...
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Bank Of America Downgrades TECO To Underperform
Monday, May 9, 2011 - 7:57am | 152According to Bank of America, TECO Energy (NYSE: TE) rating is downgraded to Underperform from Neutral. Bank of America said that it is downgrading its rating on TECO Energy to Underperform from Neutral due to valuation. “TE's earnings picture has benefited from strength in coal markets and the...
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UPDATE: Citi Raising Price Target On American Water Works Company (AWK)
Monday, May 9, 2011 - 7:53am | 108Citi Investment Research is raising its price target on shares of American Water Works Company, Inc. (NYSE: AWK) to $32 from $23.50, and it has a Buy rating on shares. In a note to investors, Citi writes, "In short, we see attractive expected total returns for AWK shares as Management continues...
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Brean Murray Carret Maintains Buy Rating On Aqua America
Monday, May 9, 2011 - 7:52am | 78According to Brean Murray Carret, Aqua America (NYSE: WTR) buy rating is maintained and price target is raised. Brean Murray Carret said that Aqua America posted 1Q11 results that met expectations. “Revenue in the quarter of $171.3 million came in just below our $173.3 million estimate and was up...
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Jefferies Raises PT On ED To $56
Monday, May 9, 2011 - 7:52am | 133Jefferies has raised its price target on Consolidated Edison (NYSE: ED) from $53.50 to $56 after the company posted earnings inline with predictions. According to Jefferies, “Con Ed posted in-line 1Q11 operating earnings of $0.99 per share. The company reaffirmed 2011 guidance of $3.45-$3.65. Con...
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Bank of America Raises PT On Westar Energy $29
Monday, May 9, 2011 - 7:49am | 28Bank of America has raised the price target on Westar Energy (NYSE: WR) from $27 to $29 and maintains its Buy rating.
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Bank Of America Comments On Suburban Propane Partners After Recent Earnings Release
Monday, May 9, 2011 - 7:46am | 142Suburban Propane Partners (NYSE: SPH) reported 2Q11 adjust EBITDA of $111.6mn, below recently lowered Bank of America Merrill Lynch's (BofAML) expectations of $120.3mn and the consensus estimate of $118.5mn. Despite colder than normal weather, SPH's retail propane volume declines have accelerated...
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A Peek Into The Market Before The Trading Starts
Monday, May 9, 2011 - 7:45am | 360Pre-open movers US stock futures are higher this morning. Futures on the Dow Jones Industrial Average gained 59 points to 12,628.00 and futures on the S&P 500 stock index rose 6.30 points to 1,341.30. Nasdaq 100 futures surged 16.50 points to 2,390.00. A Peek Into Global Markets Most Asian...
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Goldman Sachs Maintains Neutral Rating On Cleco (CNL)
Monday, May 9, 2011 - 7:42am | 112Goldman Sachs maintains a Neutral rating on Cleco (NYSE: CNL) but has increased the EPS on CNL for 2012/2013 from $2.45/$2.64 to $2.53/$2.67 to reflect 1Q11 and a slightly improved outlook. In the report, Goldman Sachs said, "We update EPS estimates for Cleco Corp (CNL, Neutral), revising...