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NextEra Proposed Takeover To Duke Energy And Got Snubbed: WSJ
Wednesday, September 30, 2020 - 3:02am | 341Read More...NextEra Energy Inc (NYSE: NEE) is interested in acquiring Duke Energy Corp (NYSE: DUK), the Wall Street Journal reported Tuesday. What Happened: NextEra reportedly approached Duke with a takeover offer, but the latter rebuffed the move. NextEra’s market cap is close to $139...
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PG&E's Stock Soars On Report Company Nears Wildfire Settlement
Wednesday, December 4, 2019 - 4:24pm | 266Read More...PG&E Corporation (NYSE: PCG) stock jumped more than 20% Wednesday after a report the utility is nearing a settlement with victims of California wildfires started by its power lines. The company is closing in on a $13.5 billion settlement in its bid to resolve the largest utility bankruptcy in...
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M&A Activity Prompts Argus To Upgrade Sempra Energy
Monday, May 21, 2018 - 2:20pm | 344Read More...San Diego-based utility holding company Sempra Energy (NYSE: SRE)'s acquisition of a majority stake in Texas' largest utility Oncor negatively impacted its first-quarter earnings, but Argus is bullish on the longer-term outlook. The Analyst Argus' Jacob Kilstein upgraded Sempra Energy...
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Utilities Slump Could Be Nearing Its End
Monday, February 12, 2018 - 10:26am | 481Read More...The Utilities Select Sector SPDR (NYSE: XLU), the largest utilities exchange-traded fund by assets, last year rose 12 percent. That sounds okay until measuring the utilities sector against the broader market. By the time 2017 came to a close, XLU lagged the S&P 500 by 970 basis points. XLU'...
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Wells Fargo's 3 Most At-Risk Stocks Relative To Street Expectations
Tuesday, June 14, 2016 - 2:46pm | 259Read More...Analysts at Wells Fargo released on Tuesday a list of stocks most at-risk relative to the Street's expectations. The list is compiled by gathering the midpoint of Wells Fargo's fair value estimate to the consensus estimates and adjusted for volatility. Wells Fargo's analysts cover 321 of the 505...
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Parets: Risk-Reward In Utilities Favors Bears
Tuesday, April 19, 2016 - 2:52pm | 251Read More...JC Parets of All Star Charts commented in a new report on Tuesday that the risk to reward profile within the utilities sector is unfavorable and points towards downside. According to Parets, utilities have been "the monster" in the stock market so far this year. The sector has been...
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Are Utility Stocks The New High Beta Sector?
Wednesday, February 11, 2015 - 11:15am | 183Read More...Speaking to Benzinga, Timothy Anderson of MND Partners commented that utility stocks have demonstrated some of the most volatility in the market as institutional accounts with actuarial commitments "scramble to make their bogey." Anderson noted that utility stocks, represented by funds like the...
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Three Reasons Why Utility Stocks Are A Bargain Right Now
Wednesday, July 11, 2012 - 8:07pm | 981Read More...By: Roger Conrad, Investing Daily US Regulatory Environment Remains Levelheaded Utilities’ ability to stay strong depends on regulators granting a fair return on investment. The alternative, by contrast, is the surest way to undermine both shareholder returns and long-term system reliability...
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Top 10 Utilities ETFs
Tuesday, June 26, 2012 - 2:16pm | 3887Read More...There is currently an expanding list of 24 ETFs oriented to the utility and infrastructure sector with more on the way. The following analysis features a fair representation of ETFs available. We believe from these investors may choose an appropriate ETF to satisfy the best index-based offerings...
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Best Utilities Stocks of 2011
Wednesday, December 28, 2011 - 1:17pm | 887Read More...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...
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Best Defensive Stock Sectors
Monday, October 10, 2011 - 3:30am | 1024Read More...With the markets in turmoil once again, and seven straight days seeing over 100 point moves in the Dow Jones Industrial Average, you may be worried that another crisis is going to take the wind out of the markets. Well, it could very easily happen – Europe, Greece, US Debt, all are playing deeply...
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ITC and Progress Energy to Open Near 52-Week Highs
Monday, October 3, 2011 - 6:48am | 514Read More...While the Dow, Nasdaq and S&P 500 all fell more than 2% on Friday, utility companies ITC Holdings (NYSE: ITC) and Progress Energy (NYSE: PGN) reached new 52-week highs of $78.89 and $52.42 per share, respectively. Michigan-based ITC Holdings' Green Power Express project, a “high-voltage...
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Dominion Resources and Duke Energy to Open Near 52-Week Highs
Monday, October 3, 2011 - 6:42am | 540Read More...While the Dow, Nasdaq and S&P 500 all fell more than 2% on Friday, utility companies Dominion Resources (NYSE: D) and Duke Energy (NYSE: DUK) reached new 52-week highs of $51.44 and $20.21 per share, respectively. Dominion Resources has paid a dividend every year since at least 1983. But the...
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Atlantic Power Could Be A Sell On Weaker Dollar (AT)
Wednesday, April 13, 2011 - 1:07pm | 163Read More...While the utility sector is often seen as a safe haven in times of trouble, a weaker dollar could wreak havoc on transmission provider Atlantic Power Corporation (NYSE: AT). All the company's power generation and distribution assets are located in the United States. The Canadian Loonies' bull run...
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Stock Market Financials Flounder Amid Gains In The Utility Sector
Friday, October 16, 2009 - 1:48pm | 153Read More...Financial and Materials sector, have today, continued to trade in the negative regime since the morning session began. Losses range from -2.5% to -1.5%. This is due to the fact that Citigroup Inc. (Public, NYSE:C) and Bank of America Corporation (Public, NYSE:BAC) reported unfavorable quarterly...
