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FirstEnergy Granted $203 Million In Rate Relief, Above Expectations
Thursday, October 13, 2016 - 11:48am | 387Read More...Barclays’ Gregg Orrill upgraded FirstEnergy Corp. (NYSE: FE) to Overweight from Equal Weight after the Ohio Public Utility Commission granted the company $203 million in rate relief for three years (and up to five), which was ahead of the analyst’s expectations. “The Ohio rate...
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For Public Service Enterprise, Downside May Lie Ahead
Thursday, September 22, 2016 - 11:53am | 330Read More...Barclays reiterated its Equal-Weight rating on Public Service Enterprise Group Inc. (NYSE: PEG) as it waits for a catalyst. The firm sees downside risk in 2019 due to lower capacity prices and a general rate case for the company. The brokerage also cut its price target to $47 from $50. Public...
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Barclays Expects Ohio Court To Reject AES Corp's Rate Plan
Thursday, July 7, 2016 - 10:09am | 269Read More...The Ohio Supreme Court has rejected AES Corp’s (NYSE: AES) rate plan. Barclays’ Gregg Orrill maintained an Overweight rating on the company, with a price target of $14. Impact of Rejection “Key elements of the DP&L order rejected include the rider mechanism for $110M and...
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UPDATE: Barclays Capital Downgrades Ameren Following Outperformance
Tuesday, February 25, 2014 - 11:10am | 179Read More...In a report published Tuesday, Barclays Capital analyst Gregg Orrill downgraded the rating on Ameren (NYSE: AEE) from Overweight to Equal-Weight, but raised the price target from $38.00 to $41.00. In the report, Barclays Capital noted, “We are lowering our rating to Equal Weight from Overweight...
