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Eversource Energy's Top-Line On Track To Grow At An Above-Average Pace
Wednesday, October 12, 2016 - 12:59pm | 338Read More...Argus cut its price target on Eversource Energy (NYSE: ES) shares to $59 from $64 to reflect the decline in industrywide P/E multiples since the beginning of third quarter, as well as the brokerage’s expectations for a Fed rate hike in December. “Utilities as a group are heavily...
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Total Potential Return For Duke Energy Not Exciting Enough For These Analysts
Monday, October 3, 2016 - 11:36am | 296Read More...The North Carolina Utilities Commission (NCUC) approved the acquisition of Piedmont Natural Gas Company, Inc. (NYSE: PNY) by Duke Energy Corp (NYSE: DUK) on September 29. Argus’ Gary Hovis maintained a Hold rating on Duke Energy. Hovis mentioned that the NCUC decision was the final...
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Great Plains Providing An Entry Point At This Valuation
Wednesday, September 28, 2016 - 2:10pm | 347Read More...Argus maintains its Buy rating on Great Plains Energy Incorporated (NYSE: GXP) on "clearer earnings visibility, an improving economy in the company's service area, continuing efforts to manage costs, constructive rate regulation and gradual improvement in the allowed return on equity." Further, the...
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Xcel Energy Is A Stable Utility That Could Pay A Growing Dividend For Years To Come
Monday, September 26, 2016 - 10:17am | 317Read More...Xcel Energy Inc (NYSE: XEL) is likely to record continued increases in interest charges, depreciation and property taxes as well as higher O&M expenses through 2017, Argus’ Gary Hovis said in a report. He maintained a Buy rating on the company, with a price target of $48. The EPS...
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Positive Regulatory Relations A Plus For PNM Resources
Thursday, September 22, 2016 - 11:36am | 245Read More...Argus reiterated its Buy rating on PNM Resources Inc (NYSE: PNM) given the company's stronger forward earnings visibility and positive relations with regulators at both the state and federal levels. However, the brokerage cut its target price to $38 from $40, primarily reflecting the...
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Argus Sees 'Unexciting' Return Potential For Duke Energy
Wednesday, September 14, 2016 - 10:36am | 232Read More...Argus maintained its Hold rating on Duke Energy Corp (NYSE: DUK) as it sees an "unexciting total return potential" over the next 12 months despite solid fundamentals and favorable regulatory environment. The brokerage cut its 2016 EPS estimate to $4.60 from $4.70 as difficult...
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Edison International's Revenues Growing Faster Than Peers
Tuesday, July 5, 2016 - 9:05am | 298Read More...Unlike several US electric utilities, Edison International (NYSE: EIX) has been able to grow its annual operating revenues faster than the peer average, Argus’ Gary Hovis said in a report. He maintained a Buy rating for the company, while raising the price target from $83 to $86. Analyst...
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CenterPoint Energy Could Generate 5-6% Returns In The Coming Years
Friday, July 1, 2016 - 9:29am | 315Read More...CenterPoint Energy, Inc. (NYSE: CNP) shares have appreciated 15.2 percent over the last three months, as compared to the 2.2 percent rise for the S&P 500. Argus’ Gary Hovis reiterated a Buy rating on the company, while raising the price target from $26 to $28. Dividend Yield The company...
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NJR Blends Growing Dividends With Share Price Potential to Outperform
Monday, June 20, 2016 - 9:35am | 281Read More...New Jersey Resources Corp (NYSE: NJR) has several positives, which should enable the stock to outperform most other stocks in the gas distribution sector, Argus’ Gary Hovis said in a report. He reiterated a Buy rating for the company, while raising the price target from $40 to $42....
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Xcel's Fundamentals Continue To Improve And Impress, Says Argus
Wednesday, June 15, 2016 - 11:30am | 261Read More...Argus has raised the price target on the shares of Xcel Energy Inc (NYSE: XEL) by $2 to $48 (12 percent upside), saying the company's regulated business model will continue to drive EPS growth over the long-term, with shareholders benefiting from cash flow growth and an improving balance sheet. "We...
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Why Is Argus Ditching Its Buy On Duke Energy?
Wednesday, April 6, 2016 - 9:08am | 297Read More...Shares of Duke Energy Corp (NYSE: DUK) have gained 11 percent year-to-date. Argus’ Gary Hovis downgraded the rating for the company from Buy to Hold, citing valuation as the reason, since the company’s shares are now trading at a price less than 10 percent from the former price target...
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Argus Cuts AES Corp To Hold
Monday, October 19, 2015 - 9:27am | 339Read More...AES Corp (NYSE: AES) shares recovered over the first two weeks of October, after declining sharply in September; recording a dip of 18 percent since July 20. Argus’ Gary Hovis downgraded the rating on the company from Buy to Hold. While AES has reported disappointing results for...
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Argus' Market Digest Summary
Friday, November 1, 2013 - 10:47am | 869Read More...Argus published its Market Digest on the analysis of Facebook Inc. (NASDAQ: FB), Enterprise Products Partners LP (NYSE: EPD), Brinker International Inc. (NYSE: EAT), Gilead Sciences Inc. (NASDAQ: GILD), Pfizer Inc. (NYSE: PFE), Rockwell Collins Inc. (NYSE: COL), Seagate Technology plc (NASDAQ: STX...
