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DPL Purchases Retail Electric Supplier MC Squared Energy Services
Wednesday, March 2, 2011 - 9:31am | 35DPL Inc. (NYSE: DPL) today announced the purchase of Chicago-based retail electricity supplier MC Squared Energy Services, LLC (mc2), which serves approximately 2,000 customer accounts in northern Illinois.
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JP Morgan Raises PT On ONEOK To $68
Wednesday, March 2, 2011 - 9:12am | 27JP Morgan has raised the price target on ONEOK, Inc. (NYSE: OKE) from $53 to $68 and maintains its Neutral rating.
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Puts Purchased on NRG Energy (NRG)
Tuesday, March 1, 2011 - 1:53pm | 167Shares of NRG Energy (NYSE: NRG) are lower on the session by 0.60%, currently trading at $19.87. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while...
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Icahn Seeking Two Seats in Dynergy Board
Tuesday, March 1, 2011 - 12:15pm | 20Icahn says he is seeking two seats in Dynergy (NYSE: DYN) board
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News Summary
Tuesday, March 1, 2011 - 10:34am | 185Shares of CenterPoint Energy Inc (NYSE: CNP) gained about 0.1% after the company reported its Q4 earnings at $124 million, or $0.29 per share, versus $105 million, or $0.27 per share, in the year-earlier period. The company's operating income increased to $302 million from $299 million. CNP's...
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Citi Reports Southern Union's Pursuit Of LNG Export License Adds New Angle
Tuesday, March 1, 2011 - 10:16am | 107According to Citi, Southern Union Company's (NYSE: SUG) pursuit of LNG export license adds a new angle, and it maintains it's Buy rating. Citi reported that SUG saw recurring EPS of $0.53 versus our $0.52 estimate and the Street at $0.56. “Slightly higher Distribution and G&P results offset...
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Goldman Sachs Raises EIX Target From $38 To $39
Tuesday, March 1, 2011 - 9:15am | 28Goldman Sachs is raising its PT on shares of Edison International (NYSE: EIX) from $38 to $39. Edison International closed Monday at $37.12.
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Shaw Receives Full Notice to Proceed on Duke Energy's Dan River Combined Cycle Plant
Tuesday, March 1, 2011 - 9:08am | 81The Shaw Group Inc. (NYSE: SHAW) today announced it received full notice to proceed on a new gas-fired facility at Duke Energy's (NYSE: DUK) Dan River Steam Station in North Carolina. Scheduled to begin operation in late 2012, the new 620-megawatt natural gas-fired combined-cycle generating unit...
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CenterPoint Energy Reports Q4 EPS of $0.29 vs. $0.29
Tuesday, March 1, 2011 - 9:05am | 57CenterPoint Energy, Inc. (NYSE: CNP) today reported net income of $124 million, or $0.29 per diluted share, for the fourth quarter of 2010 compared to $105 million, or $0.27 per diluted share, for the same period of 2009. Operating income for the fourth quarter of 2010 was $302 million compared to...
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UPDATE: Jefferies Raising Price Target On Edison International (EIX)
Tuesday, March 1, 2011 - 8:52am | 45Jefferies & Co. is raising its price target on shares of Edison International (NYSE: EIX) to $42 from $41.50, and has a Buy rating after it reported earnings. Shares of Edison International gained $1.11 yesterday to close at $37.12, a gain of 3.08%.
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Jefferies Lowers PT On ORMAT Technologies To $27
Tuesday, March 1, 2011 - 8:30am | 27Jefferies & Company has lowered the price target on ORMAT Technologies (NYSE: ORA) from $30 to $27 and maintains its Hold rating.
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Wunderlich Securities Gives Color On Edison International Following Earnings; Raises PT
Tuesday, March 1, 2011 - 8:17am | 188Edison International (NYSE: EIX) reported 4Q operating results of $0.58 versus $0.59 a year ago. The weaker results were driven by lower unregulated results, higher costs, and higher consolidated taxes. Wunderlich is reducing its 2011 EPS estimate to $2.80, and its 2012E EPS to $2.60. Both years...
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Wunderlich Raises PT On Edison International To $39
Tuesday, March 1, 2011 - 7:57am | 27Wunderlich Securities has raised the price target on Edison International (NYSE: EIX) from $37 to $39 and maintains its Hold rating.
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Stock on The Move: (POR) Breaking out New High
Monday, February 28, 2011 - 3:55pm | 16Stock on The Move: (POR) Breaking out New High...
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Merger Arbitrage Mondays – February 28, 2011
Monday, February 28, 2011 - 11:11am | 4863Merger activity increased last week with six new deals announced and five deals closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 29 Total Number of Deals Not...