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Questar Increases Quarterly Dividend by 9% to 15.25 Cents
Friday, February 18, 2011 - 2:07pm | 63Questar Corp.'s (NYSE: STR) board of directors today approved a 9% increase in the quarterly common-stock dividend to 15.25 cents ($0.1525). The dividend, payable March 21, 2011, to shareholders of record on March 4, 2011, is a 1.25-cent ($.0125) increase from the previous quarter. This is the...
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Gabelly Says Buy Scana Corp (SCG)
Friday, February 18, 2011 - 10:26am | 117Gabelli & Co. has a Buy rating on shares of Scana Corp (NYSE: SCG). In a note to clients, Gabelli writes, "We are lowering our 2011 and 2012 EPS estimates to $3.05 and $3.20, from $3.20 and $3.50 respectively, following lower guidance due to the weak service area economy's impact on sales and...
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Chesapeake Utilities and Dogfish Head Execute Agreement for Natural Gas Service
Friday, February 18, 2011 - 10:20am | 53Chesapeake Utilities (NYSE: CPK) today announced the signing of an agreement with Dogfish Head of Delaware to provide natural gas service to their Milton, Delaware brewery. Dogfish Head is one of the largest craft breweries in the Mid-Atlantic and now a Sussex County tourist attraction.
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ONEOK and ONEOK Partners Announce COO and CFO Appointments
Friday, February 18, 2011 - 10:06am | 168ONEOK, Inc. (NYSE: OKE) and ONEOK Partners, L.P. (NYSE: OKS) today announced a series of executive management changes. Pierce H. Norton, 51, will become chief operating officer of ONEOK, reporting to Gibson. Norton will be responsible for the company's distribution and energy services business...
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Pinnacle West Reports Q4 EPS of $0.06 vs. $0.01
Friday, February 18, 2011 - 9:09am | 86Pinnacle West Capital Corporation (NYSE: PNW) today reported consolidated on-going earnings of $7.1 million, or $0.06 per diluted share of common stock, for the quarter ended December 31, 2010. This result compares with an on-going loss of $16.1 million, or $0.16 per share, in the same 2009 period...
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Wunderlich Maintains Buy On NRG Energy (NRG)
Friday, February 18, 2011 - 8:58am | 149Wunderlich Securities maintains its Buy rating and $24 price target on shares of NRG Energy (NYSE: NRG). In a note to clients, Wunderlich writes, "NRG Energy (NRG) is scheduled to report 4Q earnings on Tuesday, February 22. We expect the company will report 4Q EPS of $0.13, but, more important, 4Q...
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Benzinga's Top Upgrades (DUK, RTN, VOD, BRCD)
Friday, February 18, 2011 - 8:53am | 136Duke Energy Corporation (NYSE: DUK) was upgraded by BofA/Merrill from "underperform" to "neutral." DUK's shares closed at $18.12 yesterday. Duke Energy's trailing-twelve-month revenue is $13.64 billion. RBC Capital upgraded Raytheon Company (NYSE: RTN) from "sector perform" to "outperform." RTN's...
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A Peek Into The Market Before The Trading Starts
Friday, February 18, 2011 - 8:52am | 528Pre-open movers US stock futures are slightly lower this morning, ahead of the 2-day Group of 20 meeting in Paris. The People's Bank of China lifted its reserve requirement ratio for banks by 50 basis points. Futures for the Dow Jones Industrial Average dropped 6 points to 12,282.00, while those...
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UPDATE: Deutsche Bank Raises PT on Duke Energy to $18 (DUK)
Friday, February 18, 2011 - 8:47am | 122Deutsche Bank is out with its report today on Duke Energy (NYSE: DUK), raising its price target from $17.50 to $18. In a note to clients, Deutsche Bank writes, "With its Q4 release, DUK initiated 2011 EPS guidance of $1.35-$1.40, well ahead of our $1.25E and above consensus of $1.34. The new...
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Progress Energy Reports Q4 EPS of $0.42
Friday, February 18, 2011 - 8:44am | 55Progress Energy (NYSE: PGN) reports its Q4 EPS at $0.42, versus the consensus of $0.44. PGN reports its Q4 revenue at $2.32 billion, versus the consensus of $2.44 billion. PGN shares gained 1.23% to close at $45.92 yesterday. Read more from Benzinga's Company news.
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Wunderlich Raising Price Target On OGE Energy (OGE)
Friday, February 18, 2011 - 8:35am | 144Wunderlich Securities is raising its price target on shares of OGE Energy (NYSE: OGE) to $49 from $44, and has a Hold rating on shares. In a note to investors, Wunderlich writes, "OGE Energy (OGE) reported better-than-expected 4Q results on Thursday of $0.31 versus $0.35 (our estimate was $0.26)....
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Deutsche Bank Lowers PG&E PT To $49, Reiterates Hold (PCG)
Friday, February 18, 2011 - 8:34am | 133Deutsche Bank lowered its PG&E (NYSE: PCG) price target from $50 to $49 and reiterated its PG&E Hold rating in a research report published today. In the report, Deutsche Bank states, "We expect negative headlines on San Bruno to continue, particularly with the upcoming NTSB hearings and...
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Progress Energy Reports Q4 EPS of $0.45 vs. $0.44
Friday, February 18, 2011 - 8:32am | 95Progress Energy (NYSE: PGN) announced full-year GAAP earnings of $856 million, or $2.95 per share, compared with GAAP earnings of $757 million, or $2.71 per share, for the same period last year. Full-year ongoing earnings were $889 million, or $3.06 per share, compared to $846 million, or $3.03 per...
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Deutsche Bank Lowers PT On PG&E Corporation To $49
Friday, February 18, 2011 - 8:03am | 28Deutsche Bank has lowered the price target on PG&E Corporation (NYSE: PCG) from $50 to $49 and maintains its Hold rating.
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Wunderlich Raises PT On OGE Energy To $49
Friday, February 18, 2011 - 7:48am | 28Wunderlich Securities has raised the price target on OGE Energy Corporation (NYSE: OGE) from $44 to $49 and maintains its Hold rating.