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Wunderlich Maintaining Buy On Constallation Energy Group (CEG)
Tuesday, April 19, 2011 - 7:33am | 138Wunderlich Securities is maintaining its Buy rating and $36 price target on shares of Constallation Energy Group (NYSE: CEG). In a note to clients, Wunderlich writes, "Constellation Energy (CEG) is scheduled to report first quarter earnings on Friday, May 6. We expect the company to report lower...
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Entergy Guides Q1 EPS $1.37 Vs. $1.31 Est.; Guides FY 2011 Revenues $6.35-$6.85 Vs. $6.55 Est. (ETR)
Tuesday, April 19, 2011 - 7:11am | 22Entergy Guides Q1 EPS $1.37 Vs. $1.31 Est.; Guides FY 2011 Revenues $6.35-$6.85 Vs. $6.55 Est. (NYSE: ETR)
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Peter Lynch Investing Screen: Searching for undiscovered growth stories
Tuesday, April 19, 2011 - 2:21am | 1519In Brief A “fast growers” screen which looks for consistently profitable, relatively unknown, low-debt, reasonably priced stocks with high, but not excessive, growth Background Mr. Lynch developed his investment philosophy at Fidelity, and gained his considerable fame managing Fidelity's Magellan...
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Management Audit on Unitil Released, Management Sound (UTL)
Monday, April 18, 2011 - 4:35pm | 94Unitil Corporation (NYSE: UTL) today announces that Jacobs Consultancy has submitted to the Massachusetts Department of Public Utilities its independent Management Audit Report regarding the management of Fitchburg Gas and Electric Light Company Unitil, including the management practices of Unitil...
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Southern Company Increases Dividends by 7 cents to $1.89
Monday, April 18, 2011 - 2:33pm | 98Southern Company (NYSE: SO) said today it is increasing its annual dividend rate by 7 cents per share to $1.89 per share. The 3.9 percent increase marks the 10th straight year that Southern Company has raised the dividend on its common stock. Southern Company also announced today a regular...
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Southern Company Raises Dividend Rate 10th Straight Year; Annual Rate Goes to $1.89 Per Share
Monday, April 18, 2011 - 2:15pm | 102Southern Company (NYSE: SO) said today it is increasing its annual dividend rate by 7 cents per share to $1.89 per share. The 3.9 percent increase marks the 10th straight year that Southern Company has raised the dividend on its common stock. Southern Company also announced today a regular...
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Options Brief: National Fuel Gas Company (NFG)
Monday, April 18, 2011 - 1:35pm | 88Shares of National Fuel Gas Company (NYSE: NFG) are lower on the session by 1.93%, trading at $70.01. Overall call volume is now running at 7.23x the daily average, with 69% of all calls traded being purchases on the offer. 1,721 contracts have traded on the session so far. National Fuel Gas...
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Don't Fall For The 'Defensive Portfolio' Hype
Monday, April 18, 2011 - 12:37pm | 263As the stock market has stalled and moved sideways since mid-February, with economic and inflationary worries increasing, Wall Street is beginning to put out advice on how to prepare for a potential market correction. The advice has always been the same. You've heard it before. No matter what...
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FirstEnergy Announces Perry Plant Begins Refueling
Monday, April 18, 2011 - 9:39am | 107FirstEnergy Nuclear Operating Company (FENOC), a subsidiary of FirstEnergy Corp. (NYSE: FE), announced its Perry Nuclear Power Plant in Perry, Ohio, shut down earlier today for scheduled refueling and maintenance. Two hundred eighty-four of the 748 fuel assemblies will be replaced and numerous...
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PSEG Recommends Rejection of Mini-Tender Offer by TRC Capital Corporation (PEG)
Monday, April 18, 2011 - 9:33am | 86Public Service Enterprise Group (NYSE: PEG) has been notified of an unsolicited "mini-tender offer" by TRC Capital Corporation to acquire up to 3 million shares of PSEG common stock, representing less than 0.6 percent of PSEG's outstanding shares. TRC Capital's offer price of $29.75 per share in...
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Entergy Files Complaint in U.S. District Court to Protect and Maintain Vermont Yankee Nuclear Plant Operations
Monday, April 18, 2011 - 8:53am | 65Entergy Corporation (NYSE: ETR) today announced that two of its subsidiaries, Entergy Nuclear Vermont Yankee, LLC and Entergy Nuclear Operations, Inc., have filed a complaint in U.S. District Court for the District of Vermont seeking a judgment to prevent the state of Vermont from forcing the...
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UPDATE; Jefferies Raises PT on El Paso Electric Company to $34 (EE)
Monday, April 18, 2011 - 7:41am | 103Jefferies is out with its report today on El Paso Electric Company (NYSE: EE), raising its PT from $33 to $34. In a note to clients, Jefferies writes, "Taking our 2013 EPS estimate of $2.65 in conjunction with a 12.9 P/E multiple, we arrive at a price target of $34.00 (up from $33.00). Based on...
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Dow Jones, Shiller And Momentum Approaches Compared
Friday, April 15, 2011 - 2:47pm | 2008While the disaster is Japan will take many years to be put right, there is a very important lesson that can easily be overlooked in the rush to stop radioactive leaks and repair the damage. Like New Orleans where the leveeswere known to be a problem area, Japan's nuclear reactors were living on...
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PPL Completes $3.2B Equity Financing for U.K. Acquisition
Friday, April 15, 2011 - 11:01am | 132PPL Corporation (NYSE: PPL) Friday announced the settlement of its concurrent offerings of common stock and Equity Units. The net proceeds, totaling approximately $3.2 billion, will be used primarily to repay a portion of the 3.6 billion pounds Sterling Bridge Term Loan Facility used to fund PPL's...
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Jefferies Upgrades FirstEnergy To Hold
Friday, April 15, 2011 - 9:00am | 96According to Jefferies, FirstEnergy (NYSE: FE) rating is upgraded to Hold from Underperform. Jefferies reported that it is upgrading FE to Hold because it expects the company will remain investment grade following Moody's rating review. “Additionally, FE will generate significant cash from asset...