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PPL Corp: Even More Attractive After Acquisition
Friday, March 4, 2011 - 4:16pm | 119Superior utility PPL Corp (NYSE: PPL), first discussed here on May 26, 2009 at a price of $30.56, continues to meander at/near $26, but just look on that delay as an opportunity to scoop-up shares of a superior utility. PPL provides electricity to 1.4 million U.S. customers in eastern and central...
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NSTAR Shareholders Approve Merger with Northeast Utilities
Friday, March 4, 2011 - 2:01pm | 81NSTAR (NYSE: NST) shareholders today voted to approve the merger and adopt the merger agreement and plan of merger between NSTAR and Northeast Utilities (NYSE: NU). Under the terms of the agreement, the companies will come together in a stock-for-stock transaction with NSTAR shareholders receiving...
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Piedmont Natural Gas Increases Dividend for 33rd Consecutive Year
Friday, March 4, 2011 - 1:05pm | 84The Board of Directors of Piedmont Natural Gas (NYSE: PNY) today approved an increase in the Company's dividend for the 33rd consecutive year. At its regularly scheduled meeting, the Board declared a quarterly dividend on Common Stock of 29 cents per share, a 3.6 percent increase over the previous...
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Stocks Going Ex Dividend the Second Week of March
Friday, March 4, 2011 - 11:56am | 710Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Mad Money Lightning Round: Cramer Advises Investors To Buy PPL Corp (MED, WTW, PPL, EMC, IBM, FE, STV, AA, C, BIDU, F)
Friday, March 4, 2011 - 4:06am | 362On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Medifast (NYSE: MED) has “no growth.” He added, “I suggest you look into Weight Watcher's (NYSE: WTW) which has great growth and is shareholder friendly." Cramer likes PPL Corp (NYSE: PPL), adding that the stock is a “super duper...
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City Comments On Cbeyond's Weakening Core Business Returns
Thursday, March 3, 2011 - 10:49am | 118In a report published by Citi, Cbeyond's (NASDAQ: CBEY) core business is still weakening ahead of E.O.C. migration. Citi said that CBEY reported mixed 4Q results that displayed weakening core fundamentals, relating to an erosion in ARPU and continued elevation in estimated subscriber acquisition...
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J.P. Morgan Says PNM Resources Remains Overweight On Improved Earnings
Thursday, March 3, 2011 - 9:29am | 131In a report published by J.P. Morgan, it maintains its OW rating on PNM Resources (NYSE: PNM) despite a 10% move in the stock over the past two days, as it believes the shares remain undervalued relative to peers. J.P. Morgan said that it believes management’s discussion of its...
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Deutsche Bank Gives An Update On PPL Corp.; Raises PT
Thursday, March 3, 2011 - 8:36am | 199PPL Corp's (NYSE: PPL) announced acquisition of Central Networks, E.ON's UK distribution business, should complete the targeted transformation that began in April 2010 with the acquisition of E.ON's Kentucky utilities. Deutsche Bank views the acquisition favorably, given solid accretion and...
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Deutsche Bank Raises PT On PPL Corporation To $28
Thursday, March 3, 2011 - 7:59am | 30Deutsche Bank has raised the price target on PPL Corporation (NYSE: PPL) from $26.50 to $28 and maintains its Hold rating.
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FBR Capital Ups PPL To Outperform
Thursday, March 3, 2011 - 7:29am | 73Analysts at FBR Capital upgrade PPL Corporation (NYSE: PPL) from “market perform” to “outperform.” The target price for PPL is set to $29. PPL shares gained 3.37% to close at $25.74 yesterday. <a href="http://www.benzinga.com/...
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Using Options to Trade Apple (AAPL) at a Possible Discount
Wednesday, March 2, 2011 - 5:54pm | 1925Apple (NASDAQ:AAPL) appears to be bouncing back after a rough second half of February. From February 16 through last Thursday, the shares dipped from an annual high near $365 to below the $340 level. Last Friday, as the market put in its first positive session for the week, Apple shares began to...
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Heavy Call Volume in Alcoa (AA) as Stock Retreats
Wednesday, March 2, 2011 - 3:44pm | 1598The broad market took it on the chin yesterday, losing around 1.5%, and Alcoa (AA) was among the worst-performing names in the Dow, shedding more than 3% of its value. The aluminum company's CEO said Tuesday that while U.S. industrial demand for the metal is improving, he doesn't feel “the current...
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Central Vermont Public Service Announces Settlement on Purchase of Vermont Marble Power Division
Wednesday, March 2, 2011 - 11:19am | 195Central Vermont Public Service (NYSE: CV) today announced that it has reached a settlement with the Vermont Department of Public Service, the Town of Proctor Selectboard and Omya Inc. for the purchase of the assets of and consolidation of service territory of the Vermont Marble Power Division of...
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PG&E Statement on March 2 NTSB Hearings
Wednesday, March 2, 2011 - 10:18am | 234Pacific Gas and Electric Company (NYSE: PCG) today issued the following statement in advance of the second day of National Transportation Safety Board (NTSB) hearings: In the months since the San Bruno accident, PG&E has taken steps to significantly enhance our public safety partnerships...
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Gabelli & Company Maintains PNM Resources Hold (PNM)
Wednesday, March 2, 2011 - 10:09am | 68Gabelli & Company maintained its PNM Resources (NYSE: PNM) Hold rating in a research report published today. In the report, Gabelli states, "The PNM turnaround story continues with an important pending NM rate stipulation awaiting PRNMC approval. The first phase $45 mm, or 6%, annual increase...