Earnings, Dividends, and Long Term Projects Mark Good Figures for Utilities - Research Report on Exelon, Southern Company, EQT, American Water, and Northeast Utilities
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NEW YORK, August 1, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Exelon Corporation (NYSE: EXC), The Southern Company (NYSE: SO), EQT Corporation (NYSE: EQT), American Water Works Company Inc. (NYSE: AWK), and Northeast Utilities System (NYSE: NU). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Exelon Corporation Research Report
On July 23, 2013, Exelon Corporation (Exelon) announced that its Board of Directors has declared a regular quarterly dividend of $0.31 per share on its common stock. Exelon also announced that the dividend will be payable on September 10, 2013 for shareholders as of record as of 5:00 p.m. New York Time on August 15, 2013, The Full Research Report on Exelon Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b6fb_EXC]
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The Southern Company Research Report
On July 29, 2013, The Southern Company's (Southern Company) largest subsidiary, Georgia Power (Georgia), announced that TOTO USA Inc. (TOTO) has emerged as one of the largest purchasers of Green Energy, under Georgia's Green Energy program. TOTO, a manufacturer of bathroom fixtures, joined the Green Energy program in 2007, became a large-volume customer of Georgia in 2009. In the year 2013, TOTO has increased its volume purchase by around 50% to 5.8 million kilowatt-hours annually. Murray Weaver, Vice President of Sales, Georgia Power, commented, "We're proud of our ongoing and long-standing partnership with TOTO as they continue to increase their commitment to Green Energy. We would like to thank TOTO for their vision, dedication to environmentally positive manufacturing and for helping make the Green Energy program the success it is today." The Full Research Report on The Southern Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b903_SO]
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EQT Corporation Research Report
On July 25, 2013, EQT Corporation (EQT) announced its financial results for Q2 2013. The Company reported net earnings of $86.9 million, or $0.57 per diluted share, compared to $31.4 million, or $0.21 per diluted share, in Q2 2012. The consolidated operating revenues of the Company grew 54% YoY to $520.1 million. EQT also reported a 54% YoY increase in production sales volume to 92.4 Bcfe or an average of 1.0 Bcfe per day. Among the other highlights of the announcement, EQT increased its 2013 production sales guidance to 360-365 Bcfe and has sold its Sunrise Pipeline for $507.5 million in cash and $32.5 million of common and general partners units to EQT Midstream Partners on July 22, 2013. The Full Research Report on EQT Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0b51_EQT]
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American Water Works Company Inc. Research Report
On July 29, 2013, New Jersey American Water, a wholly-owned subsidiary of American Water Works Company Inc. announced that it is launching the Community Pipeline Revival (CPR) project - a multi-million dollar effort to accelerate the renewal of the state of New Jersey's aging drinking and wastewater pipelines. New Jersey American Water's Vice President of Engineering, Suzanne Chiavari, stated, "CPR will accelerate the rehabilitation and replacement of local pipelines and their associated components such as fire hydrants and valves. This will enhance our customers' water service reliability and water quality. These improvements will also help ensure that the necessary system flows and pressures are there when local firefighters need it 24 hours a day." The Full Research Report on American Water Works Company Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a0ba_AWK]
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Northeast Utilities System Research Report
On July 29, 2013, Northeast Utilities System (NU) reported its Q2 2013 and H1 2013 financial results. The Company posted earnings of $171.0 million, or $0.54 per share, a 286% YoY increase, in Q2 2013. During H1 2013, the Company's reported earnings were $399.1 million, or $1.26 per share, compared with earnings of $143.6 million or $0.60 per share in H1 2012. NU's President and CEO Thomas J. May commented, "We have been very pleased with the performance of our system and our service to our customers, particularly during an extremely warm and humid first half of the summer. We continue to have a great deal of work ahead of us, but we've made considerable progress over the 15 months since our merger closed. Additionally, our financial results continue to improve as we integrate the best practices that our employees brought to this merger." NU has also narrowed its 2013 earnings guidance to range between $2.45 and $2.60 per share from a prior estimated range of $2.40 to $2.60 per share. The Full Research Report on Northeast Utilities System - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0931_NU]
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