Utilities

Dish Network Corp (NASDAQ: DISH) reported a 30% rise in its second-quarter profit. Dish Network's quarterly profit surged to $335 million, or $0.75 per share, from $257 million, or $0.57 per share, in the year-ago period. Its revenue climbed 13% to $3.59 billion. However, analysts were expecting...

Sempra Energy (NYSE: SRE) reported a rise in its second-quarter earnings. Sempra Energy reported its quarterly profit at $511 million, or $2.12 per share, up from $222 million, or $0.89 per share, in the year-earlier period. Its revenue rose 21% y/y to $2.42 billion. Its adjusted earnings came in...

JP Morgan has lowered the price target on PNM Resources (NYSE: PNM) from $19 to $16 and maintains its Overweight rating.

According to Jefferies, Dynegy (NYSE: DYN) is expensive at current levels based on its EV/EBITDA valuation absent unsecured debt refinancing. Jefferies said that in order for the stock to become attractive, it projected the current unsecured debt levels should be refinanced at 75 cents on a $1. “...

Bank of America reiterated its Buy rating on PG&E (NYSE: PCG). At the same time, the rating agency left its price target on the company's stock unchanged at $47. On Monday, PCG lost 5.53% of its value to finish the day at $39.64.

Jefferies upgraded its rating on OGE Energy (NYSE: OGE) from Hold to Buy. At the same time, the rating agency reduced its price target on the company's stock from $51 to $47. On Monday, OGE lost 8.53% of its value to finish the day at $41.16.

Jefferies & Company has lowered the price target on Dynegy (NYSE: DYN) from $6 to $5 and maintains its Hold rating.

Wunderlich Securities reiterated its Buy rating on Great Plains Energy (NYSE: GXP). At the same time, the rating agency left its price target on the company's stock at $23. On Monday, GXP lost 9.77% of its value to finish the day at $16.53.

Bank of America published in a report today that Tony Earley has been named Chairman, President and CEO of PG&E Corporation (NYSE: PCG). In the report, Bank of America writes, "In a long awaited announcement, PCG named Tony Earley as Chairman, President and CEO effective September 13, 2011. Mr...

Jefferies & Company has upgraded OGE Energy (NYSE: OGE) from Hold to Buy and has lowered the price target from $51.50 to $47.

US stock futures are mixed this morning, as investors are awaiting the Federal Reserve's statement on monetary policy. Futures for the Dow Jones Industrial Average dipped 13 points to 10,713.00 and S&P 500 index futures rose 0.50 points to 1,111.80. Nasdaq 100 futures gained 2.50 points to 2,...

AOL Inc (NYSE: AOL) is projected to report its Q2 earnings at $0.04 per share on revenue of $530.37 million. Beazer Homes USA Inc (NYSE: BZH) is estimated to post a FQ3 loss at $0.42 per share on revenue of $231.80 million. Walt Disney Company (The) (NYSE: DIS) is projected to report its FQ3 EPS...

PG&E Corporation (NYSE: PCG) today announced that Anthony F. Earley, Jr., 62, will become the company's new Chairman of the Board, Chief Executive Officer, and President. Earley's appointment – the first in PG&E's history to come from outside the organization – puts the company under the...

PostRock Energy (NASDAQ: PSTR) today announced that it had purchased a majority of Constellation Energy Group's (NYSE: CEG) interests in Constellation Energy Partners (NYSE: CEP). In the transaction, PostRock acquired all 485,065 Class A Member Interests and 3,128,670 Class B Member Interests. In...

Ladenburg Thalmann maintained its Middlesex Water (NASDAQ: MSEX) Neutral rating and $20 price target in a research report published today. In the report, Ladenburg Thalmann states, "We believe MSEX shares offer a defensive haven likely to provide relative resiliency should recent market tumult...