Stock Movements, Upcoming Conferences, and Quarterly Dividends - Analyst Notes on Northeast Utilities, Calpine, Cleco, Atmos Energy and TECO
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NEW YORK, April 30, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Northeast Utilities System (NYSE: NU), Calpine Corporation (NYSE: CPN), Cleco Corporation (NYSE: CNL), Atmos Energy Corporation (NYSE: ATO) and TECO Energy, Inc. (NYSE: TE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1797-100free.
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Northeast Utilities System Analyst Notes
On April 24, 2014, Northeast Utilities System (Northeast Utilities) scheduled to discuss its Q1 2014 financial results via conference call on Friday, May 2, 2014 at 9:00 a.m. Daylight Time. Northeast Utilities' Jim Judge, Executive Vice President and CFO, and Lee Olivier, Executive Vice President and Chief Operating Officer will lead the discussion. Interested parties may access the listen-only live audio presentation by logging on to the Company's website. The full analyst notes on Northeast Utilities are available to download free of charge at:
http://www.analystsreview.com/1797-NU-30Apr2014.pdf
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Calpine Corporation Analyst Notes
On April 18, 2014, Calpine Corporation (Calpine) announced its agreement to sell six of its Southeast region power plants - a 3,498 MW of combined-cycle generation capacity in Oklahoma, Louisiana, Alabama, Florida and South Carolina - to LS Power for $1.57 billion in cash, subject to working capital and other adjustments. The Company expects to utilize existing federal and state net operating losses to almost entirely offset the projected taxable gains from the sale. In addition, none of the assets included in the transaction are directly encumbered with project debt. According to Calpine, it intends to use the net cash proceeds of approximately $1.53 billion in a balanced manner that maintains leverage neutrality and is accretive to Adjusted Free Cash Flow Per Share. The full analyst notes on Calpine are available to download free of charge at:
http://www.analystsreview.com/1797-CPN-30Apr2014.pdf
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Cleco Corporation Analyst Notes
On April 24, 2014, the Board of Directors at Cleco Corporation (Cleco) voted to raise its quarterly dividend to $0.40 per share from $0.3625 per share on its common stock for the May 15, 2014 payment, for shareholders of record on May 6, 2014. The new dividend amount on an annualized basis totals $1.60 per share. Bruce Williamson, Cleco Corporation's President and CEO commented, "This dividend increase marks the fifth time in the past three years that we have raised dividends for our shareholders and reflects the financial strength of our company. The new dividend amount puts us at a payout ratio of approximately 59 percent based on the midpoint of our current year's earnings guidance. Increasing the target range will allow us to grow our dividend in a manner that is consistent with earnings growth." The Company also announced that it will now target a dividend payout ratio of 55 to 65% - representing a 5% increase from its previous target ratio of 50 to 60%. The full analyst notes on Cleco are available to download free of charge at:
http://www.analystsreview.com/1797-CNL-30Apr2014.pdf
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Atmos Energy Corporation Analyst Notes
On April 25, 2014, shares of Atmos Energy Corporation (Atmos Energy) increased 0.95% to end trading at $51.27. Over the past six month-trading period, Atmos Energy's shares fared with a 15.66% increase over the S&P 500's 5.88% gain during the same period. The full analyst notes on Atmos Energy are available to download free of charge at:
http://www.analystsreview.com/1797-ATO-30Apr2014.pdf
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TECO Energy, Inc. Analyst Notes
On April 25, 2014, TECO Energy, Inc.'s (TECO) stocks increased by 1.32%, ending the day at $18.38 per share. TECO's stocks gained 8.36% over the past month while the Dow increased by 0.60% over the same trading period. The full analyst notes on TECO are available to download free of charge at:
http://www.analystsreview.com/1797-TE-30Apr2014.pdf
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