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Top Trade Ideas for Thursday, February 24
Wednesday, February 23, 2011 - 6:49pm | 3088( click to enlarge ) As I've mentioned earlier, the stock has shown increased trading activity and signs of being under accumulation or being bought, by institutions. I believe that shares have room for a significant uptick beyond these levels. Technically speaking, MMI is setup to move higher...
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California Water Service Group Announces Revenues and Earnings for Year-End and 4th Quarter 2010
Wednesday, February 23, 2011 - 5:27pm | 142California Water Service Group (NYSE: CWT) today announced 2010 net income of $37.7 million, down 7.2% or $2.9 million from 2009, and diluted earnings per share of $1.81, a decrease of 7.4% or $0.14 per share over the prior year. Total revenue increased $11.0 million, or 2.5%, to $460.4 million in...
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Wells Fargo Raises AEE Estimates
Wednesday, February 23, 2011 - 11:02am | 136Ameren Corporation (NYSE: AEE) initiated 2011 EPS guidance of $2.20-2.60, Wells Fargo reports. “We are raising our 2011E and 2012E to $2.40 and $2.20 from $2.30 and $2.15 driven by lower expenses (fuel costs, D&A and interest) at Genco, net of other adjustments,” Wells Fargo writes. “Our 2013E...
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Jefferies: NRG Plans Nuclear Expansion Decision In 3Q11
Wednesday, February 23, 2011 - 10:01am | 120NRG Energy, Inc. (NYSE: NRG) is planning to make a decision regarding the nuclear expansion project in the 3Q11, Jefferies reports. “Although the company has cut back 95% of its nuclear spending, we believe that, if NRG receives the loan guarantee, the high cash burn rate will return,” Jefferies...
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Jefferies Lowers PEG 2011, 2012, 2013 EPS Estimates
Wednesday, February 23, 2011 - 9:57am | 91Public Service Enterprise Group (NYSE: PEG) 4Q10 operating EPS was $0.60, “below our estimate of $0.65 and in line with consensus of $0.62 and versus the year-ago's result of $0.66,” Jefferies reports. “We are reducing our 2011 EPS estimate by $0.10 to $2.60 to reflect increased customer shopping...
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UPDATE: Jefferies Raises PT on El Paso Electric Company to $30.50 (EE)
Wednesday, February 23, 2011 - 9:37am | 92Jefferies is out with its report today on El Paso Electric Company (NYSE: EE), raising its price target from $30 to $30.50. In a note to clients, Jefferies writes, "Taking our 2012 EPS estimate of $2.30 in conjunction with a 13.2x P/E multiple, we arrive at a price target of $30.50 (up from $30)....
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Benzinga's Top Upgrades (PNW, APD, SYK, ZION)
Wednesday, February 23, 2011 - 9:25am | 133Pinnacle West Capital Corporation (NYSE: PNW) was upgraded by Goldman from "neutral" to "buy." PNW's shares closed at $41.39 yesterday. PNW's trailing-twelve-month operating margin is 20.27%. Citigroup upgraded Air Products and Chemicals Inc (NYSE: APD) from "hold" to "buy.” APD's shares closed at...
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IDACORP, Inc. Reports Q4 EPS of $0.41 vs. $0.36
Wednesday, February 23, 2011 - 9:17am | 76IDACORP, Inc. (NYSE: IDA) reported 2010 net income attributable to IDACORP of $142.8 million, or $2.95 per diluted share, compared to $124.4 million, or $2.64 per diluted share in 2009. I DACORP reported fourth quarter 2010 net income attributable to IDACORP of $20.4 million, or $0.41 per diluted...
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Deutsche Bank Gives Color On NRG Energy Following Earnings; Raises PT
Wednesday, February 23, 2011 - 9:13am | 233Deutsche Bank rates NRG Energy (NYSE: NRG) a Hold on fundamental valuation and expect a continued overhang from the STP nuclear project over the next several months, with binary event risk likely in Q3 as NRG will decide if it moves forward. It likes NRG's strategy to grow in clean energy...
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Deutsche Bank Raises PT On NRG Energy To $20
Wednesday, February 23, 2011 - 8:06am | 26Deutsche Bank has raised the price target NRG Energy (NYSE: NRG) from $19 to $20 and maintains its Hold rating.
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Goldman Downs AEP To Neutral
Wednesday, February 23, 2011 - 7:00am | 42Analysts at Goldman downgrade American Electric Power Company Inc (NYSE: AEP) from “buy” to “neutral.” AEP shares dropped 0.42% to close at $35.61 yesterday. More Analyst Ratings here
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Morningstar's Top Takeover Targets in 2011 (Guest Post)
Wednesday, February 23, 2011 - 12:19am | 1191By Hedge Fund Live The spreadsheet below gives you the up-to-date internals for the top take out names identified by Morningstar. Before getting to the spreadsheet let me tell you what these companies do and what the rumor mill has been saying over the last few months. ACTELION (ALIOF.PK): In...
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UIL Holdings Corporation Reports Q4 EPS of $0.25 vs. $0.27
Tuesday, February 22, 2011 - 5:15pm | 141UIL Holdings Corporation (NYSE: UIL) today reported consolidated net income of $54.9 million, or $1.53 per basic share, an increase in net income of $0.6 million, and a decrease of $0.41 per basic share, compared to 2009. Excluding the impact of the gas distribution acquisition and transition...
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Questar Reports Reports EPS of $0.36 vs. $0.32
Tuesday, February 22, 2011 - 5:14pm | 109Questar Corporation (NYSE: STR) reported 2010 income from continuing operations of $192.3 million or $1.08 per diluted share, including an after-tax $8.8 million or a $0.05 per diluted share charge for separation costs associated with the June 30, 2010, spinoff of QEP Resources, Inc. Net income...
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Baltimore Gas and Electric Company Declares Quarterly Preference Dividend
Tuesday, February 22, 2011 - 11:58am | 55Baltimore Gas and Electric Company, a subsidiary of Constellation Energy (NYSE: CEG), today announced that its board of directors has declared quarterly dividends at the specified rate for all of its outstanding preference stock, payable April 1, 2011, to shareholders of record at the close of...