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High Yield Short Squeeze Plays
Tuesday, April 5, 2011 - 10:31pm | 522Investors in dividend paying stocks might want to take a different approach to looking for stocks. Many stock traders look for short squeeze plays. These are stocks that have a large number of shares that have been shorted. Traders are hoping that on any good news, the short sellers will jump at...
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ONEOK Enters Into New $1.2B, Five-Year Credit Facility
Tuesday, April 5, 2011 - 4:06pm | 64ONEOK, Inc. (NYSE: OKE) announced today that it has entered into a new $1.2 billion, five-year senior unsecured revolving credit facility with a syndicate of 18 banks, led by Bank of America Merrill Lynch, JPMorgan Securities and RBS Securities Inc. The new credit facility replaces the existing...
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California Water Service Group Announces Two-for-One Stock Split
Tuesday, April 5, 2011 - 3:25pm | 71California Water Service Group (NYSE: CWT) today announced that its Board of Directors has approved a two-for-one stock split of its common stock, to be effected in the form of a stock dividend, subject to stockholder approval of a proposed amendment to the Group's Certificate of Incorporation to...
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Uranium Stocks Set To Rebound In 2011
Tuesday, April 5, 2011 - 2:46pm | 779The Cassandras of the media beat the drums of fear concerning Japan's millennial tragedy, which has been a confluence of perfect storms. There has been a great deal of bad news coming out of Japan which the press has spun into a blanket condemnation of the entire nuclear industry. It is only a...
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Energen Unit Adds to Bone Spring/Avalon Acreage Position for $37M
Tuesday, April 5, 2011 - 2:40pm | 62Energen Corporation (NYSE: EGN) today announced that its oil and gas exploration and production company, Energen Resources Corporation, has purchased five-year leases for more than 11,000 net acres in the Bone Spring and Avalon shale trends in the Permian Basin in the Texas General Land Office...
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Puts Purchased on PPL Corporation (PPL)
Tuesday, April 5, 2011 - 2:26pm | 154Shares of PPL Corporation (NYSE: PPL) are lower on the session by 0.46%, currently trading at $25.70. The stock has been moving largely lower over the past six months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying puts on the name today....
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Stocks Near Or Above 52-Week High (CERN, MCHP, PCS, WAT, DTE, GENZ)
Tuesday, April 5, 2011 - 11:38am | 135Cerner (NASDAQ: CERN) is currently trading at $114.92, which is at the 52-week high of $114.92. Microchip Technology (NASDAQ: MCHP) is currently trading at $38.66, which is at the 52-week high of $38.66. MetroPCS Communications (NYSE: PCS) is currently trading at $16.60, which is at the 52-week...
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Ferrellgas Partners Announces Closing of Over-Allotment Option by Underwriters
Tuesday, April 5, 2011 - 11:29am | 61Ferrellgas Partners, L.P. (NYSE: FGP) today announced that the underwriters of the previously announced underwritten registered public offering of 4,400,000 common units representing limited partner interests, which closed on March 18, 2011, fully exercised their over-allotment option on March 31,...
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A Diversified Power Company Paying a 4.4% Dividend (BKH)
Tuesday, April 5, 2011 - 9:37am | 1203Most publicly traded utilities have the distinct advantage of paying investors a dividend. This dividend significantly enhances the equities' total return over time. As I've stressed before, every portfolio should include dividend-paying stocks as part of a...
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A Diversified Power Company Paying a 4.4% Dividend (BKH)
Tuesday, April 5, 2011 - 9:37am | 1203Most publicly traded utilities have the distinct advantage of paying investors a dividend. This dividend significantly enhances the equities' total return over time. As I've stressed before, every portfolio should include dividend-paying stocks as part of a...
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JP Morgan Comments On NRG Energy Following Recent Tour
Tuesday, April 5, 2011 - 8:24am | 187JP Morgan's recent tour of NRG Energy's (NYSE: NRG) Reliant Energy Smart Home and electric vehicle installation leads us to believe that the company's efforts to offer customers better tools to manage energy consumption could help protect market share and EBITDA. In addition, increasing adoption of...
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American States Water Company Announces Regulatory Approval of the Sale of Its Arizona Utility
Tuesday, April 5, 2011 - 8:10am | 113American States Water Company (NYSE: AWR) today reported that on March 30, 2011 the Arizona Corporation Commission approved the sale of AWR's wholly-owned subsidiary in Arizona, Chaparral City Water Company. On June 7, 2010, AWR entered into a stock purchase agreement with EPCOR Water Inc. to...
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Goldman Sachs Reiterates ETR Neutral Rating
Tuesday, April 5, 2011 - 7:57am | 97Goldman Sachs has issued a report reiterating a Neutral Rating on Entergy Corp. (NYSE: ETR) following a lowered EPS. According to the report, "Ahead of the ETR's (Neutral) 1Q2011 earnings report and analyst day, we update our 2011-2013E EPS from $6.59/$5.95/$5.77 to $6.66/$5.83/$5.72. Our...
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ETR To Continue Operating Vermont Yankee Beyond March 2012 Cut-Off Date, Jefferies Reports
Tuesday, April 5, 2011 - 7:26am | 155Jefferies believes that Entergy Corporation (NYSE: ETR) “will continue to operate Vermont Yankee beyond the March 2012 cut-off date based on our conversations with state officials and intervenor parties.” “This would force the state to file a lawsuit in federal court seeking a shut-down of the...
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Duke Energy, Progress Energy Make Regulatory Filings for Merger Approval
Monday, April 4, 2011 - 4:45pm | 40Duke Energy Corp. (NYSE: DUK) and Progress Energy, Inc. (NYSE: PGN) today filed applications seeking regulatory approval of the merger the companies announced Jan. 10.