Progress Energy Inc.

Jefferies, in light of the company's in line earnings in 1Q, has raised its price target on Progress Energy (NYSE: PGN) from $48 to $49. Says Jefferies, in its report, “Progress Energy reported 1Q ongoing earnings of $0.69, in line with our estimate of $0.69 and versus consensus of $0.67… Key...

Jefferies has posted its 2011 quarterly estimates and has raised its price target on Progress Energy (NYSE: PGN) from $47.50 to $48. Says Jefferies, in its report, “We are posting 2011 quarterly EPS estimates as follows: 1Q - $0.69, 2Q - $0.66, 3Q - $1.24, 4Q - $0.53. We are maintaining our 2011...

Morgan Stanley has discontinued coverage of the following companies: The Southern Company (NYSE: SO)Public Service Enterprise Group, Inc. (NYSE: PEG)Progress Energy Inc. (NYSE: PGN)PPL Corporation (NYSE: PPL)Pinnacle West Capital Corporation (NYSE: PNW)Sempra Energy (NYSE: SRE)UIL Holdings Corp. (...

Progress Energy Inc. (NYSE: PGN) reported 4Q/full-year 2010 operating EPS of $0.45/$3.06 “vs. our $0.53/$3.05,” Wunderlich Securities reports. “Full-year results were largely in line, with strong weather offsetting nuclear plant outages,” Wunderlich Securities writes. “Management initiated 2011E...