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EQM

EQT Midstream Partners

$43.96

-0.96 (-2.14%)

, NEE

NextEra Energy

$171.43

0.74 (0.43%)

16:39
11/06/18
11/06
16:39
11/06/18
16:39

Mountain Valley Pipeline applies for FERC authorization to construct pipeline

Mountain Valley Pipeline, LLC, formally applied to the Federal Energy Regulatory Commission for authorization to build the MVP Southgate project, a proposed interstate natural gas transmission pipeline designed to provide reliable, cost-effective access to natural gas to meet increasing residential and commercial demand in central North Carolina. Mountain Valley Pipeline, LLC, will construct and own the proposed MVP Southgate, which is a joint venture between EQM Midstream Partners, LP (EQM); affiliates of NextEra Energy, Inc. (NEE); Consolidated Edison, Inc. (ED); and RGC Resources, Inc. (RGCO); WGL Midstream, Inc.; and PSNC Energy. EQM Midstream Partners will operate the pipeline and own the largest interest in the joint venture. Mountain Valley Pipeline, LLC, and PSNC Energy have entered into binding long-term agreements that make PSNC Energy an anchor shipper for the project, and Mountain Valley Pipeline, LLC, continues discussions with other potential customers. MVP Southgate will tie into the Mountain Valley Pipeline near Chatham, Virginia, and transport supplies of Marcellus and Utica natural gas to delivery points in Rockingham and Alamance counties in North Carolina for distribution to PSNC Energy's residential and commercial customers. As currently proposed, the MVP Southgate project is approximately 73 miles long; pending regulatory approval, construction is anticipated to begin in the first quarter 2020, with a full in-service date targeted for the fourth quarter 2020. Through this certificate application filing, the FERC is being asked to certify the public convenience and necessity of the MVP Southgate project. The FERC, together with cooperating agencies, will conduct a detailed review and evaluation of a broad number of subjects, including public safety; water resources; air quality; wildlife, soils, and vegetation; protected species; cultural and historic resources; sound levels; alternatives; and economic benefits.

EQM

EQT Midstream Partners

$43.96

-0.96 (-2.14%)

NEE

NextEra Energy

$171.43

0.74 (0.43%)

ED

Consolidated Edison

$77.23

1.28 (1.69%)

RGCO

RGC Resources

$28.20

(0.00%)

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    Dec

EQM EQT Midstream Partners
$43.96

-0.96 (-2.14%)

09/18/18
STFL
09/18/18
INITIATION
Target $22
STFL
Hold
EQT GP resumed with a Hold at Stifel
Stifel analyst Timothy Howard resumed EQT GP (EQGP) with a Hold rating and a price target of $22, saying the separation of upstream and midstream businesses by the company is positive and will lead to a "further simplification of the midstream structure". Howard adds that while he had no knowledge of any discussions, he also expects EQT GP to acquire EQT Midstream Partners (EQM) at a "modest" premium.
08/17/18
LTCO
08/17/18
NO CHANGE
Target $74
LTCO
Buy
EQT Midstream price target cut to $74 from $81 at Ladenburg
Ladenburg Thalmann analyst Michael Schmitz maintained Buy ratings on EQT Midstream (EQT) and EQT GP (EQGP) but lowered his respective price targets to $74 and $29 from $81 and $31, citing a full in-service delay for the Mountain Valley Pipeline to 4Q14 vs. its recent 1Q19 target. EQT Misdstream has a 45% interest in MVP.
09/25/18
MUFG
09/25/18
NO CHANGE
Target $64
MUFG
Overweight
EQT Midstream Partners price target lowered to $64 from $73 at MUFG
MUFG analyst Barrett Blaschke lowered his price target on EQT Midstream to $64, citing weather-related as well as legal delays brought on by environmental groups at the company's Mountain Valley Pipeline gas project. The analyst also notes the company's latest disclosure of the project's cost estimate rising to $4.6B from its previously estimated range high of $3.7B. Blasche keeps his Overweight rating on EQT however, stating that despite the current issues with MVP, the company's healthy cash flows and distribution growth offers its shareholders good value.
10/10/18
FBCO
10/10/18
INITIATION
Target $57
FBCO
Neutral
EQT Midstream Partners initiated with a Neutral at Credit Suisse
Credit Suisse analyst Spiro Dounis initiated EQT Midstream Partners with a Neutral rating and a price target of $57.
NEE NextEra Energy
$171.43

0.74 (0.43%)

11/01/18
RBCM
11/01/18
NO CHANGE
Target $186
RBCM
Outperform
NextEra Energy price target raised to $186 from $173 at RBC Capital
RBC Capital analyst Shelby Tucker raised his price target on NextEra Energy to $186 and kept his Outperform rating after its Q3 earnings beat last week. The analyst says the stock should be a "core holding within a broader portfolio, let alone in a utility fund". Tucker notes that his new price target mostly reflects the impact of the acquisition of Gulf Power but also anticipates its earnings growth of 8%-10% and dividend growth of over 12% for the "foreseeable future".
10/10/18
WELS
10/10/18
NO CHANGE
Target $200
WELS
Outperform
NextEra Energy price target raised to $200 from $191 at Wells Fargo
Wells Fargo analyst Neil Kalton raised his price target for NextEra Energy to $200 from $191 after meeting with management. The analyst does not think shares adequately reflect the likely sustainability of NextEra's 8%-plus EPS CAGR well beyond the company's 2018-2021 forecast period. Kalton believes renewables growth should continue to surprise to the upside and NextEra should be able to execute on a series of accretive regulated utility company and/or asset acquisitions over the next decade to supplement the already strong growth at FPL. He reiterates an Outperform rating on the stock.
09/21/18
09/21/18
NO CHANGE

Morgan Stanley shakes up utility ratings, upgrades Atmos, downgrades Xcel
As previously reported, Morgan Stanley analyst Stephen Byrd upgraded Atmos Energy (ATO) to Overweight from Equal Weight as he laid out his favorite ideas in regulated utilities based on his estimates of their 2020 earnings power. Byrd believes Atmos' 5% discount to the gas utility group undervalues its "best-in-class" growth outlook and attractive regulatory environment, he tells investors. Byrd also downgraded Xcel Energy (XEL) to Equal Weight from Overweight, telling investors that he sees modest level of upside remaining in the stock and few near-term catalysts for outperformance. In shifting his focus to 2020 earnings power, Byrd also identifies FirstEnergy (FE), PSEG (PEG), American Electric (AEP) and NextEra Energy (NEE) as stocks in the group with undervalued growth.
08/13/18
MZHO
08/13/18
INITIATION
Target $184
MZHO
Buy
NextEra Energy initiated with a Buy at Mizuho
Mizuho analyst Paul Fremont started NextEra Energy with a Buy rating and $184 price target. The company offers shareholder value through "above-average" sustained organic growth, "healthy" credit metrics and competitive advantages in the renewable arena, Fremont tells investors in a research note.
ED Consolidated Edison
$77.23

1.28 (1.69%)

07/24/18
HOWW
07/24/18
INITIATION
Target $73
HOWW
Underperform
Consolidated Edison reinstated with an Underperform at Scotia Howard Weil
Scotia Howard Weil analyst Andrew Weisel reinstated Consolidated Edison with a Underperform and $32.
11/05/18
EVER
11/05/18
UPGRADE
Target $74
EVER
In Line
Consolidated Edison upgraded to In Line on valuation at Evercore ISI
Evercore ISI analyst Greg Gordon upgraded Consolidated Edison to In Line from Underperform citing valuation and maintained a $74 price target.
11/05/18
GSCO
11/05/18
UPGRADE
GSCO
Neutral
Consolidated Edison upgraded to Neutral from Sell at Goldman Sachs
11/06/18
GSCO
11/06/18
UPGRADE
Target $73
GSCO
Neutral
Consolidated Edison upgraded to Neutral with $73 target at Goldman Sachs
Goldman Sachs analyst Michael Lapides last night upgraded Consolidated Edison to Neutral from Sell and raised his price target for the shares to $73 from $72. The analyst is more positive on the shares following the underperformance in 2018. Further, to reflect improved regulated earnings and renewable growth in 2019, Lapides slightly increased his long-term estimates for Consolidated Edison.
RGCO RGC Resources
$28.20

(0.00%)

02/06/18
JANY
02/06/18
UPGRADE
JANY
Buy
RGC Resources upgraded to Buy from Neutral at Janney Capital
02/06/18
02/06/18
UPGRADE
Target $27

Buy
RGC Resources upgraded to Buy after pullback at Janney Capital
As previously reported, Janney Capital analyst Michael Gaugler upgraded RGC Resources to Buy from Neutral as he sees a compelling opportunity with the stock having pulled back approximately 30% from its 52-week peak. He predicts the bias in FY18 estimates will be higher, given favorable weather trends, though he lowered his fair value estimate for the shares to $27 from $29.
04/17/18
GHSC
04/17/18
INITIATION
GHSC
Neutral
RGC Resources initiated with a Neutral at Seaport Global
Seaport Global analyst Mark Levin initiated RGC Resources with a Neutral saying valuation is "pricey."
06/07/18
JANY
06/07/18
DOWNGRADE
JANY
Neutral
RGC Resources downgraded to Neutral from Buy at Janney

TODAY'S FREE FLY STORIES

WES

Western Gas Partners

$49.52

0.38 (0.77%)

, WGP

Western Gas Equity

$32.38

0.2 (0.62%)

19:30
02/15/19
02/15
19:30
02/15/19
19:30
Recommendations
Western Gas Partners, Western Gas Equity analyst commentary  »

MUFG raises price targets…

WES

Western Gas Partners

$49.52

0.38 (0.77%)

WGP

Western Gas Equity

$32.38

0.2 (0.62%)

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PXD

Pioneer Natural

$145.33

2.27 (1.59%)

19:19
02/15/19
02/15
19:19
02/15/19
19:19
Recommendations
Pioneer Natural analyst commentary  »

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ZTS

Zoetis

$95.38

2.16 (2.32%)

18:42
02/15/19
02/15
18:42
02/15/19
18:42
Hot Stocks
Zoetis CEO says: 'Diagnostics are more important in animals than humans' »

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JNJ

Johnson & Johnson

$136.40

2.13 (1.59%)

18:22
02/15/19
02/15
18:22
02/15/19
18:22
Hot Stocks
Johnson & Johnson CEO: 'We ended 2018 with great results' »

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WIN

Windstream

$3.37

0.2 (6.31%)

, UNIT

Uniti Group

$20.00

0.53 (2.72%)

18:18
02/15/19
02/15
18:18
02/15/19
18:18
Periodicals
Court says Windstream defaulted on bonds in 2015, Bloomberg says »

A court has ruled that…

WIN

Windstream

$3.37

0.2 (6.31%)

UNIT

Uniti Group

$20.00

0.53 (2.72%)

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BHVN

Biohaven Pharmaceutical

$45.32

1.36 (3.09%)

18:14
02/15/19
02/15
18:14
02/15/19
18:14
Hot Stocks
Biohaven treatment of multiple system atrophy granted FDA orphan designation »

According to a post on…

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AMGN

Amgen

$188.31

1.6 (0.86%)

18:11
02/15/19
02/15
18:11
02/15/19
18:11
Hot Stocks
Amgen treatment of Acute Myeloid Leukemia granted FDA orphan designation »

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CE

Celanese

$100.19

1.19 (1.20%)

18:02
02/15/19
02/15
18:02
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18:02
Hot Stocks
Celanese announces Acetyl Intermediates price increases in China »

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WIN

Windstream

$3.37

0.2 (6.31%)

, UNIT

Uniti Group

$20.00

0.53 (2.72%)

17:58
02/15/19
02/15
17:58
02/15/19
17:58
Periodicals
Court says Windstream defaulted on bonds in 2015, Bloomberg says »

A court has ruled that…

WIN

Windstream

$3.37

0.2 (6.31%)

UNIT

Uniti Group

$20.00

0.53 (2.72%)

03/08/13
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GLD

SPDR Gold Shares

$124.81

0.77 (0.62%)

17:41
02/15/19
02/15
17:41
02/15/19
17:41
Hot Stocks
SPDR Gold Shares holdings fall to 793.03MT from 796.85MT »

This is the lowest level…

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MDLZ

Mondelez

$48.17

0.84 (1.77%)

17:26
02/15/19
02/15
17:26
02/15/19
17:26
Hot Stocks
Mondelez to transfer listing of debt securities to Nasdaq »

Mondelez International,…

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FN

Fabrinet

$55.23

0.67 (1.23%)

17:25
02/15/19
02/15
17:25
02/15/19
17:25
Hot Stocks
Fabrinet CFO sells 20K shares of common stock »

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UBER

Uber

$0.00

(0.00%)

17:24
02/15/19
02/15
17:24
02/15/19
17:24
Periodicals
Uber sues NYC over move to cap number of ride-hailing drivers, Bloomberg says »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$277.40

2.93 (1.07%)

17:19
02/15/19
02/15
17:19
02/15/19
17:19
Periodicals
House Democrats to probe POTUS emergency declaration, Bloomberg says »

The House Judiciary…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$277.40

2.93 (1.07%)

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ORCL

Oracle

$51.71

0.25 (0.49%)

17:11
02/15/19
02/15
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17:11
Hot Stocks
Oracle authorizes additional $12B stock buyback under existing program »

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SBLK

Star Bulk Carriers

$8.21

0.13 (1.61%)

17:03
02/15/19
02/15
17:03
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17:03
Hot Stocks
Star Bulk Carriers acquires 95,605 of its common shares »

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HOLI

Hollysys

$20.56

0.26 (1.28%)

17:02
02/15/19
02/15
17:02
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17:02
Earnings
Hollysys reports Q2 adjusted EPS 73c, consensus 59c »

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  • 17

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AKS

AK Steel

$2.98

-0.015 (-0.50%)

16:58
02/15/19
02/15
16:58
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16:58
Syndicate
Breaking Syndicate news story on AK Steel »

AK Steel files automatic…

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16:55
02/15/19
02/15
16:55
02/15/19
16:55
General news
Treasury Market Summary: i »

Treasury Market Summary:…

LPTX

Leap Therapeutics

$1.65

(0.00%)

16:53
02/15/19
02/15
16:53
02/15/19
16:53
Hot Stocks
Valence Helix Investments discloses 10.99% stake in Leap Therapeutics »

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MPB

Mid Penn Bancorp

$23.25

-0.24 (-1.02%)

16:52
02/15/19
02/15
16:52
02/15/19
16:52
Hot Stocks
Mid Penn Bancorp seeks approval to relocate Allentown Boulevard branch »

Mid Penn Bank, subsidiary…

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REGN

Regeneron

$423.79

8.54 (2.06%)

, AMGN

Amgen

$188.31

1.6 (0.86%)

16:44
02/15/19
02/15
16:44
02/15/19
16:44
Hot Stocks
Regeneron says EPO revokes Immunex's European patent No. 2,990,420 »

Regeneron…

REGN

Regeneron

$423.79

8.54 (2.06%)

AMGN

Amgen

$188.31

1.6 (0.86%)

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UPS

UPS

$110.89

-0.91 (-0.81%)

16:44
02/15/19
02/15
16:44
02/15/19
16:44
Hot Stocks
UPS CFO sells 9.1K shares of common stock »

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  • 03

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DAL

Delta Air Lines

$51.09

0.58 (1.15%)

16:43
02/15/19
02/15
16:43
02/15/19
16:43
Syndicate
Breaking Syndicate news story on Delta Air Lines »

Delta Air Lines files to…

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UPS

UPS

$110.89

-0.91 (-0.81%)

16:42
02/15/19
02/15
16:42
02/15/19
16:42
Hot Stocks
UPS raises quarterly dividend to 96c per share from 91c »

The dividend is payable…

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