Latest Buzz in Public Utilities Space: Special Research on Pinnacle West, PNM Resources, Portland General Electric, TECO Energy, and PPL Corp.
NEW YORK, March 18, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Pinnacle West (NYSE: PNW), PNM Resources (NYSE: PNM), Portland General Electric (NASDAQ: POR), TECO Energy (NYSE: TE), and PPL Corp. (NYSE: PPL). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
PNW Research Report: ( http://get.analystsreview.com/pdf/?c=Pinnacle%20West&d=18-Mar-2015&s=PNW ),
PNM Research Report: ( http://get.analystsreview.com/pdf/?c=PNM%20Resources&d=18-Mar-2015&s=PNM ),
POR Research Report: ( http://get.analystsreview.com/pdf/?c=Portland%20General%20Electric&d=18-Mar-2015&s=POR ),
TE Research Report: ( http://get.analystsreview.com/pdf/?c=TECO%20Energy&d=18-Mar-2015&s=TE ),
PPL Research Report: ( http://get.analystsreview.com/pdf/?c=PPL%20Corp.&d=18-Mar-2015&s=PPL ).
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Analyst Update: Milestones Achieved, Dividends, and Quarterly Earnings Results
Reviewed by: Rohit Tuli, CFA®
US stocks closed lower on Tuesday as investors await the end of a two-day Federal Reserve meeting and many are speculating the central bank to pave the way to an interest-rate hike as early as this summer. The S&P 500 declined 6.91 points, or 0.33%, to end at 2074.28, and the Dow Jones Industrial Average fell 128.34 points or 0.71% to 17849.08. Meanwhile, the tech-heavy NASDAQ edged up 7.92 points or 0.16% to close at 4937.43. On economic front, new U.S. homes construction plummeted by 17% to an annual rate of 897,000 in February, while Economists had been expecting housing starts to dip to 1.048 million. European benchmark indices mostly ended lower on Tuesday, partly due to profit taking, and reports of sluggish Eurozone employment growth in the fourth quarter. Germany's DAX 30 fell 186.87 points or 1.54% to 11,980.85, and Eurostoxx 50 was lower 34.59 points or 0.93% to 3,672.16. France's CAC 40 declined 32.23 points or 0.64% to 5,028.93.
Palo Verde Nuclear Generating Station - which is operated by APS, a Pinnacle West Capital Corporation's (Pinnacle West) subsidiary, has achieved its 23rd consecutive year as the nation's largest power producer and, for the tenth time, exceeding its own record for power generation - producing 32.3 million megawatt-hours.
PNM Resources, Inc.'s (PNM Resources) announced its Q4 and full-year 2014 financial results. Net earnings for Q4 2014 increased 150% YoY to $19.0 million while its ongoing net earnings stood at $19.5 million or $0.24 per diluted share versus $16.7 million or $0.21 per diluted share in Q4 2013. For 2015, the Company expects its consolidated ongoing earnings guidance to range from $1.50 to $1.62 per diluted share.
Portland General Electric Company (Portland General Electric) posted strong operating and
financial performance in 2014. Net income increased $70 million YoY to $175 million while diluted EPS stood at $2.18 compared to $1.35 in 2013. For the full year, revenues stood at $1.9 billion versus $1.8 billion in 2013. The Company also affirmed its guidance for full-year 2015.
TECO Energy, Inc. (TECO Energy) reported non-GAAP earnings from continuing operations of $0.19 per share in Q4 2014, compared with $0.18 per share in Q4 2013, while for full-year 2014 the same stood at $1.03 per-share versus $0.91 per-share in 2013. The Company also provided guidance for 2015.
PPL Corporation (PPL Corp.) has declared a quarterly common stock dividend of $0.37 per share, payable April 1, 2015, to shareowners of record as of March 10, 2015. PPL Corporation is one of the largest companies in the U.S. utility sector, with revenues of $11.5 billion in 2014.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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SOURCE Analysts Review
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