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SCG

Scana

$43.30

-0.22 (-0.51%)

, NEE

NextEra Energy

$157.42

-0.37 (-0.23%)

09:47
11/29/17
11/29
09:47
11/29/17
09:47

Scana hires bank to consider possible sale, The State says

South Carolina Gov. Henry McMaster wants to sell state-owned utility Santee Cooper and his office is in talks with four out-of-state utilities - NextEra (NEE), Duke Energy (DUK), Southern Company (SO) and Dominion Energy (D) - about a potential sale, according to The State. Those same four would like to buy Scana and the utility has hired its own investment bank, Morgan Stanley, to consider a possible sale, sources also told the newspaper. Reference Link

SCG

Scana

$43.30

-0.22 (-0.51%)

NEE

NextEra Energy

$157.42

-0.37 (-0.23%)

DUK

Duke Energy

$88.69

-0.29 (-0.33%)

SO

Southern Company

$51.14

-0.35 (-0.68%)

D

Dominion

$83.66

-0.28 (-0.33%)

  • 05

    Dec

SCG Scana
$43.30

-0.22 (-0.51%)

11/13/17
EDJN
11/13/17
UPGRADE
EDJN
Buy
Scana upgraded to Buy from Hold at Edward Jones
11/16/17
GUGG
11/16/17
UPGRADE
GUGG
Neutral
Scana upgraded to Neutral from Sell at Guggenheim
11/16/17
11/16/17
UPGRADE
Target $45

Neutral
Scana upgraded to Neutral on valuation at Guggenheim
As previously reported, Guggenheim upgraded Scana to Neutral from Sell and raised its price target to $45 from $43. Analyst Shahriar Pourreza said risk/reward is balanced and risks are largely reflected in valuation.
10/24/17
BOFA
10/24/17
INITIATION
Target $49
BOFA
Neutral
Scana initiated with a Neutral at BofA/Merrill
BofA/Merrill analyst Julien Dumoulin-Smith initiated Scana with a Neutral and $49 price target.
NEE NextEra Energy
$157.42

-0.37 (-0.23%)

07/24/17
GSCO
07/24/17
INITIATION
Target $160
GSCO
Buy
NextEra Energy reinstated with a Buy at Goldman Sachs
Goldman analyst Michael Lapides reinstated NextEra Energy with a Buy and a $160 price target.
09/07/17
JPMS
09/07/17
INITIATION
Target $173
JPMS
Overweight
NextEra Energy reinstated with an Overweight at JPMorgan
JPMorgan analyst Christopher Turnure reinstated coverage of NextEra Energy with an Overweight rating and $173 price target. The rating is unchanged from his prior coverage and the target is raised from $106. The analyst sees visible earnings growth through 2020.
10/16/17
GSCO
10/16/17
UPGRADE
GSCO
Conviction Buy
NextEra Energy upgraded to Conviction Buy from Buy at Goldman Sachs
Goldman analyst Michael Lapides added NextEra Energy to the Conviction Buy List given expectations for top tier dividend growth, increased renewables growth, and solid Florida utility growth. The analyst has a $159 price target on shares.
09/07/17
09/07/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. AstraZeneca (AZN) initiated with an Outperform at BMO Capital. 2 aTyr Pharma (LIFE) initiated with an Overweight at Piper Jaffray. 3. Electronics for Imaging (EFII) reinstated with a Buy at Citi. 4. NextEra Energy (NEE) reinstated with an Overweight at JPMorgan. 5. Energy Recovery (ERII) initiated with an Overweight at Capital One. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
DUK Duke Energy
$88.69

-0.29 (-0.33%)

11/09/17
WOLF
11/09/17
UPGRADE
WOLF
Peer Perform
Duke Energy upgraded to Peer Perform from Underperform at Wolfe Research
04/24/17
FBCO
04/24/17
NO CHANGE
Target $86
FBCO
Neutral
Duke Energy price target raised to $86 from $81 at Credit Suisse
Credit Suisse analyst Michael Weinstein raised his price target for Duke Energy to $86 from $81 to reflect a higher base electric and gas P/E multiple within his sum of the parts valuation. The analyst reiterates a Neutral rating on the shares.
06/26/17
06/26/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Coach (COH) upgraded to Buy from Neutral by Buckingham analyst Scott Krasik, who sees further upside based on expectations core margins can expand, Kate Spade accretion will exceed expectations, and thinks the company will make further additive acquisitions over the next few years. 2. Costco (COST) upgraded to Outperform from Market Perform by Raymond James analyst Budd Bugatch, who noted that the shares have pulled back approximately 13% since June 15 in reaction to Amazon's (AMZN) purchase of Whole Foods (WFM), which he views as providing a buying opportunity. 3. Pandora (P) upgraded to Sector Weight from Underweight at Pacific Crest by analyst Andy Hargreaves, who said the SiriusXM-appointed board members are likely to push for a moderated cash burn rate. The analyst believes lower cash burn, even at the expense of subscriber growth, would be a positive for Pandora. 4. UBS (UBS) upgraded to Overweight from Neutral by JPMorgan analyst Kian Abouhossein, who views the current valuation as attractive. 5. Goldman analyst Michael Lapides upgraded Duke Energy (DUK) to Buy and raised its price target to $85 from $82 saying relative valuation is compelling. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/25/17
GSCO
06/25/17
UPGRADE
Target $85
GSCO
Buy
Duke Energy upgraded to Buy from Neutral at Goldman Sachs
Goldman analyst Michael Lapides upgraded Duke Energy to Buy and raised its price target to $85 from $82 saying relative valuation is compelling. Lapides said Duke has taken various strategic actions that have shifted the company towards a stable regulatory infrastructure business and believes rate case filings and continued O&M cost management should mitigate North Caroline regulatory lag. The analyst also downgraded the Utilities sector to Cautious from Neutral saying valuations now appear stretched while earnings growth appears relatively normal.
SO Southern Company
$51.14

-0.35 (-0.68%)

09/29/17
09/29/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Southern Company (SO) upgraded to Outperform from Sector Perform at RBC Capital with analyst Shelby Tucker is increasingly convinced that the regulators are "committed to completing" the company's Vogtle project. 2. Conn's (CONN) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Nagel saying the company's credit business, under new CEO Norm Miller, is "on a much more solid footing, and supportive of a return to expansion in retail." 3. Raytheon (RTN) upgraded to Buy from Hold at Deutsche Bank with analyst Myles Walton saying Raytheon is the most exposed to missile defense trends. 4. USA Truck (USAK), J.B. Hunt (JBHT), and Heartland Express (HTLD) were upgraded to Buy from Hold at Stifel. 5. Zynerba (ZYNE) upgraded to Overweight from Neutral at Piper Jaffray analyst Charles Duncan saying without over-interpreting the results from this "modest open-label program," the data establish an "activity signal and tolerability profile that merits further placebo-controlled study." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/29/17
RBCM
09/29/17
UPGRADE
RBCM
Outperform
Southern Company upgraded based on valuation, Vogtle outlook at RBC Capital
As noted earlier, RBC Capital upgraded Southern Company to Outperform from Sector Perform. After meeting with Georgia regulators, analyst Shelby Tucker is increasingly convinced that the regulators are "committed to completing" the company's Vogtle project. As a result, he believes that the stock is undervalued. Target $53.
09/29/17
RBCM
09/29/17
UPGRADE
RBCM
Outperform
Southern Company upgraded to Outperform from Sector Perform at RBC Capital
10/17/17
JANY
10/17/17
NO CHANGE
JANY
Buy
Janney Capital says South Jersey Industries pullback on deal news overdone
Janney Capital analyst Michael Gaugler noted that South Jersey Industries (SJI) shares fell over 9% after the company announced a deal to buy natural gas assets from Southern Co. (SO) for an effective price of $1.4B. However, he considers the prices agreed upon to be "very reasonable" in the current environment and he considers South Jersey's dividend not only safe but still likely to rise. The analyst, who thinks the market reaction was overdone, recommends investors in search of yield take positions in South Jersey and he keeps a Buy rating on the stock.
D Dominion
$83.66

-0.28 (-0.33%)

09/14/17
GSCO
09/14/17
NO CHANGE
Target $78
GSCO
Neutral
Goldman says Virginia supreme court ruling removes an overhang for Dominion
Goldman Sachs analyst Michael Lapides noted that Virginia's Supreme Court upheld the state's legislation extending its utility regulator's biennial rate reviews. This ruling likely means that Dominion's Virginia Power will not face full rate reviews or a rate case docket until at least 2022, which removes the overhang of risk that a review could lead to rate changes that present a headwind to Dominion's EPS, he tells investors. Lapides keeps a Neutral rating and $78 price target on Dominion shares.
06/09/17
FBCO
06/09/17
NO CHANGE
FBCO
Outperform
Credit Suisse says Millstone bill still a potential positive for Dominion
After Connecticut lawmakers called a special session for June 30 in an attempt to pass a number of bills that were not taken up, Credit Suisse analyst Michael Weinstein said the there is a chance a "Millstone bill" intended to stabilize the profitability of Dominion's Millstone Power Station will be addressed. The analyst, who attributes Dominion's recent underperformance to diminishing prospects of Millstone legislation, said a failure to pass one this year would leave this as a potential positive catalyst next year. He keeps an Outperform rating on Dominion shares.
11/22/17
BOFA
11/22/17
UPGRADE
Target $87
BOFA
Buy
Dominion upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Julien Dumoulin-Smith upgraded Dominion to Buy and raised its price target to $87 from $81 to reflect improved prospects for a tax reform resolution at VEPCO and expectations for improved execution. The analyst has increased confidence in Dominion's ability to accelerate the drop down for Covepoint project by 2020 rather than 2021, which should aid in hitting earnings targets and deleveraging.
11/22/17
11/22/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Kellogg (K) upgraded to Buy from Hold at Argus with analyst David Coleman saying that despite the challenging operating environment, the company will benefit from diminishing currency headwinds and new product launches in the coming quarters. 2. Dominion (D) upgraded to Buy from Neutral at BofA/Merrill with analyst Julien Dumoulin-Smith citing improved prospects for a tax reform resolution at VEPCO and expectations for improved execution. 3. Pan American Silver (PAAS) upgraded to Outperform from Neutral at Credit Suisse with analyst Robert Reynolds saying the 4% pullback in shares since the third quarter results provides an attractive valuation and entry point. 4. New Jersey Resources (NJR) upgraded to Buy from Neutral at Janney Capital. 5. Terreno Realty (TRNO) upgraded to Buy from Neutral at National Securities. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

LPSN

LivePerson

$11.05

-0.05 (-0.45%)

20:28
12/13/17
12/13
20:28
12/13/17
20:28
Initiation
LivePerson initiated  »

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  • 13

    Dec

HUSKF

Husky Energy

$12.42

-0.1177 (-0.94%)

20:26
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20:26
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20:26
Upgrade
Husky Energy rating change  »

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COP

ConocoPhillips

$51.68

-0.28 (-0.54%)

20:25
12/13/17
12/13
20:25
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20:25
Upgrade
ConocoPhillips rating change  »

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  • 13

    Dec

  • 14

    Dec

SAFM

Sanderson Farms

$167.64

0.64 (0.38%)

20:25
12/13/17
12/13
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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  • 14

    Dec

DB

Deutsche Bank

$19.33

-0.05 (-0.26%)

19:17
12/13/17
12/13
19:17
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19:17
Hot Stocks
DBNY, DBTCA raise prime lending rate to 4.5% from 4.25% »

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T

AT&T

$38.04

-0.06 (-0.16%)

18:47
12/13/17
12/13
18:47
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18:47
Hot Stocks
AT&T and Communications Workers of America reach tentative agreement »

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BMY

Bristol-Myers

$63.47

0.19 (0.30%)

18:33
12/13/17
12/13
18:33
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18:33
Hot Stocks
Bristol-Myers granted exclusive license by Ono Pharma to develop ONO-4578 »

Bristol-Myers and Ono…

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  • 18

    Jan

  • 05

    Mar

WFC

Wells Fargo

$59.40

-0.93 (-1.54%)

18:15
12/13/17
12/13
18:15
12/13/17
18:15
Hot Stocks
Breaking Hot Stocks news story on Wells Fargo »

Wells Fargo raises prime…

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  • 15

    Jan

HBAN

Huntington Bancshares

$14.58

-0.23 (-1.55%)

18:10
12/13/17
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18:10
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18:10
Hot Stocks
Huntington Bancshares raises prime rate to 4.5% from 4.25% »

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ASB

Associated Banc-Corp

$25.10

-0.2 (-0.79%)

18:06
12/13/17
12/13
18:06
12/13/17
18:06
Hot Stocks
Breaking Hot Stocks news story on Associated Banc-Corp »

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UBS

UBS

$17.90

0.035 (0.20%)

18:05
12/13/17
12/13
18:05
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18:05
Periodicals
UBS Wealth Management president Zeltner close to stepping down, Bloomberg says »

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PFE

Pfizer

$36.64

0.06 (0.16%)

18:03
12/13/17
12/13
18:03
12/13/17
18:03
Hot Stocks
Pfizer announces FDA approves IXIFI, a biosimilar to Remicade »

Pfizer announced that the…

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  • 04

    Jan

CNP

CenterPoint Energy

$28.40

0.02 (0.07%)

18:03
12/13/17
12/13
18:03
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18:03
Hot Stocks
CenterPoint Energy raises quarterly dividend 4% to 27.75c per share »

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MDXG

MiMedx

$11.99

-0.26 (-2.12%)

18:03
12/13/17
12/13
18:03
12/13/17
18:03
Recommendations
MiMedx analyst commentary at Piper Jaffray »

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  • 13

    Dec

CE

Celanese

$108.31

1.34 (1.25%)

18:01
12/13/17
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18:01
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18:01
Hot Stocks
Celanese raises acetyl intermediates products prices »

Raises price on Vinyl…

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WAL

Western Alliance

$57.30

-1.25 (-2.13%)

18:01
12/13/17
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18:01
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Hot Stocks
Western Alliance: Sarver to transition from chairman, CEO to exec chairman in Q1 »

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USB

U.S. Bancorp

$54.60

-0.9 (-1.62%)

18:01
12/13/17
12/13
18:01
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18:01
Hot Stocks
U.S. Bancorp raises prime lending rate to 4.50% from 4.25%, effective Dec 14 »

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  • 17

    Jan

WBS

Webster Financial

$56.16

-0.73 (-1.28%)

18:00
12/13/17
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Hot Stocks
Webster raises prime lending rate to 4.5% from 4.25% »

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  • 14

    Dec

HSBC

HSBC

$51.44

0.89 (1.76%)

17:56
12/13/17
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17:56
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17:56
Hot Stocks
Breaking Hot Stocks news story on HSBC »

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WTR

Aqua America

$37.59

0.32 (0.86%)

17:47
12/13/17
12/13
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17:47
Hot Stocks
Aqua America names CEO Christopher Franklin as board chairman »

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  • 17

    Jan

MSFT

Microsoft

$85.35

-0.23 (-0.27%)

17:38
12/13/17
12/13
17:38
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17:38
Hot Stocks
Microsoft launches new AI-powered search features for Bing »

Microsoft announced in a…

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  • 18

    Jan

TCF

TCF Financial

$20.24

-0.16 (-0.78%)

17:36
12/13/17
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17:36
Hot Stocks
Breaking Hot Stocks news story on TCF Financial »

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CMA

Comerica

$84.81

-1.06 (-1.23%)

17:34
12/13/17
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17:34
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Hot Stocks
Comerica Bank raises prime rate to 4.5% from 4.25% »

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  • 16

    Jan

CMCM

Cheetah Mobile

$11.18

-0.02 (-0.18%)

17:33
12/13/17
12/13
17:33
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17:33
Hot Stocks
Breaking Hot Stocks news story on Cheetah Mobile »

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UBS

UBS

$17.89

0.03 (0.17%)

17:33
12/13/17
12/13
17:33
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17:33
Periodicals
Breaking Periodicals news story on UBS »

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