Stock Price Updates, Earnings Releases, Public Offering Pricing, and Company Updates - Analyst Notes on Hilton, Southern Company, Pattern Energy, Exelon and Wisconsin Energy
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 14, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Hilton Worldwide Holdings Inc. (NYSE: HLT), Southern Company (NYSE: SO), Pattern Energy Group Inc. (NASDAQ: PEGI), Exelon Corporation (NYSE: EXC) and Wisconsin Energy Corp. (NYSE: WEC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2436-100free.
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Hilton Worldwide Holdings Inc. Analyst Notes
On May 9, 2014, Hilton Worldwide Holdings Inc. (Hilton) announced its Q1 2014 earnings and also upgraded its 2014 outlook. Total revenue increased 4.4% YoY to $2.36 billion during the quarter. Net income attributable to Hilton stockholders came in at $123 million, or $0.12 per diluted share, versus $34 million, or $0.03 per diluted share, in Q1 2013. EPS, adjusted for special items, increased to $0.13 in Q1 2014 from $0.03 in the year-ago period. Adjusted EBITDA during the quarter increased 21.7% YoY to 544 million. The Company now expects full-year 2014 adjusted EBITDA to be between $2.42 billion - $2.47 billion, up from $2.37 billion - $2.44 billion predicted earlier. For Q2 2014, Hilton expects, adjusted EBITDA to be between $635 million and $655 million and diluted EPS, adjusted for special items, to be between $0.18 and $0.20. The full analyst notes on Hilton are available to download free of charge at:
http://www.analystsreview.com/2436-HLT-14May2014.pdf
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Southern Company Analyst Notes
On May 9, 2014, shares of Southern Company fell 1.20% to end the trading session at $43.67, and in line with the S&P 500 Utilities Sector Index, which declined 1.41% to settle at 214.34. The stock of Southern Company opened at $44.15 and vacillated in the range of $44.47- $43.65. A total of 6.58 million shares were traded, higher than the previous day trading volume of 5.38 million shares and the 30- day average trading volume of 5.12 million shares. The shares have gained an upside of 6.51% on YTD basis, as compared to the S&P 500, which returned 2.03% over the same time period. The full analyst notes on Southern Company are available to download free of charge at:
http://www.analystsreview.com/2436-SO-14May2014.pdf
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Pattern Energy Group Inc. Analyst Notes
On May 9, 2014, Pattern Energy Group Inc. (Pattern Energy) announced the pricing of an underwritten public offering of approximately $510 million consisting of nearly 18.36 million shares of its Class A common stock at a public offering price of $27.75 per share. The Company informed that it is selling approximately $300 million consisting of 10.81 million shares of Class A common stock, while Pattern Energy Group LP is selling approximately $210 million consisting of 7.55 million shares of Class A common stock. According to the Company, the offering is scheduled to close on May 14, 2014, subject to customary closing conditions. The Company will use the proceeds of its portion of the offering for working capital and general corporate purposes, including the acquisition of the Panhandle 1 wind power project from Pattern Development and potentially including certain other wind power projects. The full analyst notes on Pattern Energy are available to download free of charge at:
http://www.analystsreview.com/2436-PEGI-14May2014.pdf
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Exelon Corporation Analyst Notes
On May 9, 2014, Exelon Corporation (Exelon) announced that operators at LaSalle County Generating Station took Unit-2 offline on April 27, 2014, at midnight, for performing a scheduled maintenance on the condenser. The Company stated that while the unit is offline, some additional maintenance activities will be performed to ensure safety during the remainder of operating cycle. Exelon stated that LaSalle will continue to supply electricity to the area despite this outage. The full analyst notes on Exelon are available to download free of charge at:
http://www.analystsreview.com/2436-EXC-14May2014.pdf
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Wisconsin Energy Corp. Analyst Notes
On April 30, 2014, Wisconsin Energy Corp. (Wisconsin Energy) released its Q1 2014 financial results, which topped analysts' estimates. Revenues were $1.70 billion, up 32.9% YoY. According to the Company, severe winter temperatures drove record demand for natural gas. Wisconsin said it delivered more natural gas to customers than during any other quarter in history - breaking the previous record set in the first quarter of 2008 by 11%. The Company's Q1 2014 net income was $207.6 million, or $0.91 per diluted share, as compared to a net income of $176.6 million, or $0.76 per diluted share, in Q1 2013. On average, 10 analysts polled by Thomson Reuters expected the Company to earn $0.84 per share on revenue of $1.33 billion in Q1 2014. The full analyst notes on Wisconsin Energy are available to download free of charge at:
http://www.analystsreview.com/2436-WEC-14May2014.pdf
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