progress energy

Here's a quick look at nine of the best-performing stocks of the past year that also had dividend yields of 2% or more. Advance America, Cash Advance Centers (NYSE: AEA) shares ended the year almost 65% higher, despite a recent pullback from the 52-week high. The company recently completed the...

Here's a quick look at nine of the best-performing utilities stocks of the past year. Atlas Energy (NYSE: ATLS) is up more than 65% year to date, as well as up almost 90% from the 52-low in October. The Pennsylvania-based natural gas processor announced in October the formation of an MLP focused...

As the Hurricane Irene approaches East Coast of the United States, companies in the area are taking precautionary measures to prepare themselves for the worst case scenario. Benzinga contacted an electric utility company, Progress Energy (NYSE: PGN), for more specific information about the...

According to Jefferies, Progress Energy (NYSE: PGN) provided an update on Crystal River, including more details on its plans for repair work. Jefferies said that it believes that obtaining PSC approval for a prudency review prior to the company moving forward with the repair, which is estimated to...

Jefferies & Company has changed the price target on the following companies: FreightCar America (NASDAQ: RAIL) Buy, PT from $35.00 to $30.00 Harsco (NYSE: HSC) Buy, PT from $40.00 to $38.00 Progress Energy (NYSE: PGN) Hold, PT from $49.00 to $48.50

Deutsche Bank made a number of updates in a research report published today. Flowers Foods (NYSE: FLO) had its rating reinstated at Hold. At the same time, its price target was reduced from $25 to $20. On Monday, Flowers added 0.25% to its value to end the day at $21.74. Medicis Pharmaceutical (...

IBM (NYSE: IBM) today announced that it has been selected by Progress Energy as the lead systems integrator for the utility's smart grid program. Together the companies will transform Progress Energy's networks by improving power efficiency, increasing power quality and reliability, and enhancing...

Jefferies is out with its report today on Progress Energy (NYSE: PGN), raising its price target from $45.50 to $47.50. In a note to clients, Jefferies writes, "Our price target of $47.50 (revised from $45.50) is based on the merger offer price. Under the agreement, Progress shareholders would...

Jefferies & Company has raised the price target on Progress Energy (NYSE: PGN) from $45.50 to $47.50 and maintains its Hold rating.

Deutsche Bank has raised the price target on PG&E Energy (NYSE: PGN) from $46 to $47 and maintains its Hold rating.

Wunderlich is out with its report today on Progress Energy (NYSE: PGN), raising its price target from $41 to $47. In its report sent to clients, Wunderlich notes, "We are increasing our target price on Progress Energy (PGN) to $47 from $41 previously. Recall that on January 10, PGN announced a...

Wunderlich Securities has raised the price target on Progress Energy, Inc. (NYSE: PGN) from $41 to $47 and maintains its Hold rating.

Goldman Sachs has published a research report on Progress Energy, Inc. (NYSE: PGN) after the company announced a merger with Duke Energy (NYSE: DUK). In the report, Goldman Sachs writes "Duke Energy (DUK, Sell) and Progress Energy (PGN, Neutral) today announced a merger, where PGN shareholders...

JP Morgan has issued a research report on Electric Utilities for 3Q earnings outlook and estimates. In the report, JP Morgan writes "We expect electric utility stocks to avoid the inverse performance the stocks saw versus the S&P 500 earlier this year, when the UTY fell by ~3% while the S&P...

Progress Energy (NYSE: PGN) is having 2010 quarterly EPS estimates adjusted by Jefferies & Co. as the company is expected to report stable earnings through 2012. In the report, Jefferies writes "We are adjusting our 2010 quarterly EPS estimates as follows: we are increasing our third-quarter...