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NU Reports Q4 EPS of $0.73 vs. $0.65; Revenue $1.203B vs. $1.94B
Thursday, February 24, 2011 - 5:27pm | 55Northeast Utilities (NYSE: NU) today reported earnings for the fourth quarter of 2010 of $129.3 million, or $0.73 per share, compared with earnings of $84.7 million, or $0.48 per share, in the fourth quarter of 2009. NU earned $387.9 million, or $2.19 per share, in 2010, compared with $330 million...
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FirstEnergy-Allegheny Energy Merger Approved by Pennsylvania Public Utilities Commission
Thursday, February 24, 2011 - 3:32pm | 47FirstEnergy (NYSE: FE) and Allegheny Energy (NYSE: AYE) today received approval for their merger from the Pennsylvania Public Utility Commission. This is the final regulatory approval needed to close the transaction.
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TECO Energy Announces Dividend Increase of 3.7% to $0.85
Thursday, February 24, 2011 - 2:33pm | 121TECO Energy, Inc. (NYSE: TE) today announced at its regularly scheduled meeting that the Board of Directors set a 2011 dividend rate of $0.85 per share, up 3.7% from the current $0.82 per share. Subject to quarterly Board declarations, a quarterly dividend of $0.215 per share will be payable for...
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Biotech/Pharma Stock News; BioSante Pharmaceuticals (NASDAQ: BPAX) Finishes Enrollment in LibiGel® Phase III Efficacy Trial
Thursday, February 24, 2011 - 11:16am | 970LINCOLNSHIRE, Ill. - February 24, 2011 (Investorideas.com newswire) BioSante Pharmaceuticals, Inc. (NASDAQ: BPAX), today announced that enrollment of subjects in the first of two pivotal Phase III LibiGel (testosterone gel) safety and efficacy trials has been completed. The efficacy trials are...
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Gabelli & Company Maintains California Water Service Goup Hold (CWT)
Thursday, February 24, 2011 - 10:42am | 97Gabelli & Company maintained its California Water Service Group (NYSE: CWT) Hold rating in a research report published today. In the report, Gabelli & Company states, "Lower earnings results were expected given regulatory lag associated with the timing of rate filings. 2010 was the last...
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Gabelli & Company Rates Alliant Energy As Hold (LNT)
Thursday, February 24, 2011 - 10:36am | 83Gabelli & Company gave Alliant Energy (NYSE: LNT) a Hold rating in a research report published today. In the report, Gabelli states, "While LNT has above-average exposure (55%) to coal-fired generation, the company is favorably positioned to comply with state renewable standards given that the...
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UPDATE: Jefferies Color On ETR Target Adjustment
Thursday, February 24, 2011 - 10:28am | 141Jefferies, which lowered its PT on shares of Entergy (NYSE: ETR), is providing some color on the stock. “Our price target is $75 (revised from $76),” Jefferies writes. “Our sum-of-the-parts valuation applies an industry average P/E multiple to the utility segment and an EV/EBITDA multiple of 10x (...
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Sempra Energy Reports Q4 EPS of $1.18 vs. $0.95; Revenues $2.35B vs. $2.18B
Thursday, February 24, 2011 - 10:03am | 85Sempra Energy (NYSE: SRE) today reported 2010 earnings of $739 million, or $2.98 per diluted share, compared with 2009 earnings of $1.12 billion, or $4.52 per diluted share. In the fourth quarter 2010, Sempra Energy's earnings were $280 million, or $1.15 per diluted share, compared with $288...
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TransAlta Reports Q4 EPS of $0.40 vs. $0.37; Revenues $881M vs. $689.75M
Thursday, February 24, 2011 - 9:58am | 52TransAlta Corporation (NYSE: TAC) today reported fourth quarter 2010 comparable earnings of $88 million ($0.40 per share) versus $84 million ($0.40 per share) in 2009. Reported net earnings applicable to common shares for the fourth quarter were $62 million ($0.28 per common share) compared to $79...
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UPDATE: Deutsche Bank Raises PT on PSEG to $38 (PEG)
Thursday, February 24, 2011 - 9:50am | 105Deutsche Bank is out with its report today on PSEG (NYSE: PEG), raising its price target from $37 to $38. In a note to clients, Deutsche Bank writes, "Initial 2011 guidance was in line with DB est but below consensus, though the stock rallied off the news. Customer migration was a focal point on...
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Brean Murray Ups SJW To Hold
Thursday, February 24, 2011 - 8:37am | 40Analysts at Brean Murray upgrade SJW Corp (NYSE: SJW) from “sell” to “hold.” SJW shares fell 0.62% to close at $23.93 yesterday. More Analyst Ratings here
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Jefferies Lowers PT On Entergy To $75
Thursday, February 24, 2011 - 8:32am | 26Jefferies & Company has lowered the price target on Entergy (NYSE: ETR) from $76 to $75 and maintains its Hold rating.
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Citigroup Lowers PT On Ormat Technologies To $20
Thursday, February 24, 2011 - 8:26am | 26Citigroup has lowered the price target on Ormat Technologies (NYSE: ORA) from $24 to $20 and maintains its Sell rating.
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Regulated Rates in Ohio Rejects Duke's Plan To Drop For Power
Thursday, February 24, 2011 - 8:23am | 62Utility regulation in Ohio rejected Duke Energy Corporation (DUK) plans to move from regulation to the unregulated electricity rates in the state, says the company tried to make the transition too quickly . Duke customers pay some of the highest rates in the state for their electricity. On...
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Deutsche Bank Raises PT On Public Service Enterprise Group To $38
Thursday, February 24, 2011 - 8:02am | 29Deutsche Bank has raised the price target on Public Service Enterprise Group (NYSE: PEG) from $37 to $38 and maintains its Buy rating.