duke energy

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...

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...

Quarterly reports of note scheduled for this week include those from Archer Daniels Midland (NYSE: ADM), General Motors (NYSE: GM), MasterCard (NYSE: MA), Procter & Gamble (NYSE: PG) and Time Warner (NYSE: TWX), all of which are expected to post earnings growth, as well as Pfizer (NYSE: PFE)...

Goldman Sachs is out with its report today on Duke Energy (NYSE: DUK), raising its price target from $16 to $17. In a note to clients, Goldman Sachs writes, "We update estimates for Duke Energy after 4Q2010 reporting to reflect (1) higher contributions from DUK's international segment, (2) a...

Deutsche Bank is out with its report today on Duke Energy (NYSE: DUK), raising its price target from $17.50 to $18. In a note to clients, Deutsche Bank writes, "With its Q4 release, DUK initiated 2011 EPS guidance of $1.35-$1.40, well ahead of our $1.25E and above consensus of $1.34. The new...

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...

Based on discussions with smart grid vendors at GridWeek, Piper Jaffray says that it believes Duke Energy's smart grid deployment in the state of Indiana has been put on hold. The delay stems from Duke's publicized hiring of an Indiana Utility Regulatory Commission official, which has raised...

Echelon Corporation (NASDAQ: ELON) introduced ECoS (Echelon Control System), an open application framework that provides utilities at "neighborhood" level, with built in applications as well as an SDK for third party apps that can be purchased as needed, like a smartphone, JP Morgan reports. The...

Jim Cramer was recently on CNBC talking short term market movement; he voiced his opinion that the recent sell off is technical and quite healthy (many, myself included agree). He stated that near term momentum is with the defensive names as large players rotate out of high beta names and look for...