Utilities

Shares of National Grid (NYSE: NGG) are higher on the session by 1.95%, trading at $44.86. Overall put volume is now running at 24.44x the daily average, with 31% of all puts traded being purchases on the offer. 1,173 contracts have traded on the session so far. National Grid plc is an...

Jefferies is lowering its PT on American Electric Power (NYSE: AEP) to $39 from $39.50. American Electric Power currently trades at $35.85.

Wells Fargo is reducing its valuation range on shares of NRG Energy, Inc. (NYSE: NRG) to $26-28 from $28-30. “The midpoint of our range is consistent with the average of the base cases of our NAV and EV/EBITDA analysis,” Wells Fargo writes. “Although we tend to believe NRG's long-term value is...

National Grid (NYSE: NGG) today committed to improve its U.S. performance by announcing a sweeping business restructure that will create a more locally focused organization led by regional presidents responsible for understanding and meeting the needs of customers, communities and regulators in...

• Arch Coal (NYSE:ACI) reported Q4 EPS of $0.33, ex-items, below the Zacks Consensus Estimate of $0.46 per share. Revenues for the quarter rose 15% to $835.4 million, lower than the Zacks Consensus Estimate of $869.0 million • T. Rowe Price (NASDAQ:TROW) reported Q4 EPS of $0.72, above the Zacks...

• Arch Coal (NYSE:ACI) reported Q4 EPS of $0.33, ex-items, below the Zacks Consensus Estimate of $0.46 per share. Revenues for the quarter rose 15% to $835.4 million, lower than the Zacks Consensus Estimate of $869.0 million • T. Rowe Price (NASDAQ:TROW) reported Q4 EPS of $0.72, above the Zacks...

Celanese Corporation (NYSE: CE) and its Ticona engineering polymers business, today announced it will increase prices worldwide for the following products: Hostaform, Celcon and Amcel acetal copolymer (POM) by up to 0.27 USD/kg or higher on selected products. Celanex PBT, Vandar PBT, Impet PET...

Three big energy companies, NRG Energy Inc. (NRG), General Electric Co. (GE), and ConocoPhillips (COP), have entered into a joint venture to invest in projects that would foster newer developments and research in paradigm shifting energy technology. The three companies jointly pooled in $300...

Jefferies & Company has published a research report on American Electric Power (NYSE: AEP) and is believing that the company will face challenges with regulatory proceedings in Ohio that may inhibit the company's 4-6% growth in 2012-14. In the report, Jefferies writes "AEP filed an Electric...

Three big energy companies, NRG Energy Inc. (NRG), General Electric Co. (GE), and ConocoPhillips (COP), have entered into a joint venture to invest in projects that would foster newer developments and research in paradigm shifting energy technology. The three companies jointly pooled in $300...

From yesterday's Washington Post staff editorial: "An effort is being launched in Congress, aided by the considerable clout of House Speaker John A. Boehner (R-Ohio), to revive the District's unique program of federally funded private school vouchers. No sooner was it announced than Mayor...

Deutsche Bank is out with its report today on Dominion Resources (NYSE: D), reiterating Buy after Dominion Resources affirmed its outlook. In a note to clients, Deutsche Bank writes, "D reaffirmed its 2011 guidance of $3.00-$3.30 and provided its detailed guidance kit with key assumptions and...

Before the bell, American Electric Power Company Inc. (AEP) reported its fourth quarter and fiscal 2010 results. In the reported quarter, the company with ongoing earnings of 38 cents a share came marginally below the Zacks Consensus Estimate of 39 cents. The company's results also came way below...

Interstate Power and Light Company, a subsidiary of Alliant Energy company (NYSE: LNT), filed a Request for Reconsideration on a limited number of specific points within the Iowa Utilities Board's (IUB's) written decision order on IPL's 2009 test year electric rate case issued on January 10, 2011...

Earnings Preview 1/28/11 Next week the fourth quarter earnings season is in full swing. A total of 561 firms are due to report, including 106 S&P 500 firms. So far the earnings season seems to be going well. The firms reporting this week include several icons of U.S. business, including: Aflac...