Eversource downgraded to Neutral from Buy at Janney Montgomery Scott » 06:2801/2201/22/20
Janney Montgomery Scott…
North American Veterinary Community to hold a meeting & expo » 04:5501/2201/22/20
BDX, CHWY, COF, CVET, ELAN, HRC, HSKA, IDXX, KIN, MASI, MRK, O, PDCO, SKX, SSNLF, TECH, TRUP, UCBI, WFC, XRAY, ZTS
Veterinary Meeting &…
Veterinary Meeting & Expo: VMX 2020 will be held in Orlando on January 18-22.
EnLink Midstream management to meet with UBS » 04:5501/2201/22/20
Meetings to be held in…
Meetings to be held in Chicago on January 21 in New York on January 22 hosted by UBS.
Eversource management to meet with KeyBanc » 04:5501/2201/22/20
Meeting to be held in New…
Brookfield Infrastructure management to meet with RBC Capital » 04:5501/2201/22/20
Meeting to be held in…
One Gas sees EPS up 5%-7% in average between FY19 and FY24 » 16:2501/2101/21/20
EPS is expected to…
EPS is expected to increase by an average of 5% to 7% annually between 2019 and 2024; however, the timing and frequency of regulatory filings will impact the growth rate in any individual year. Capital expenditures, including asset removal costs, are expected to be $475M-$525M per year between 2020 and 2024, leading to rate base growth averaging 7% per year between 2019 and 2024. The average annual dividend growth rate is expected to be 6% to 8% between 2019 and 2024, with a target dividend payout ratio of 55% to 65% of net income, all subject to board of directors' approval.
One Gas narrows FY19 EPS view to $3.49-$3.53 from $3.39-$3.57 » 16:2401/2101/21/20
Consensus is for FY19 EPS…
Consensus is for FY19 EPS $3.49. Sees FY19 preliminary estimate is that the net income impact of colder weather on sales volumes, net of weather normalization mechanisms, was an increase of $4.9M.
One Gas sees FY20 EPS $3.44-$3.68, consensus $3.65 » 16:2201/2101/21/20
Sees FY20 net income…
Sees FY20 net income $186M-$198M. The Company's 2020 earnings guidance includes the benefit of new rates, offset by higher depreciation expense from capital investments and assumes normal weather. The Company expects to achieve an 8.4% return on equity in 2020, which assumes an average rate base of $3.9B calculated consistent with utility ratemaking in each jurisdiction.
One Gas raises dividend 4c to 54c » 16:1901/2101/21/20
The board of directors of…
The board of directors of ONE Gas increased the quarterly dividend by 4c per share to 54c per share, effective for the Q1, resulting in an annualized dividend of $2.16 per share. The dividend is payable March 6 to shareholders of record at the close of business Feb. 21.
Phillips 66 Partners raises quarterly distribution 5% to 87.5c per unit » 15:0001/2101/21/20
Phillips 66 Partners LP…
Phillips 66 Partners LP announced that the board of directors of its general partner declared a fourth-quarter 2019 cash distribution of 87.5c per common unit, an increase of one cent per common unit from the third quarter of 2019. This is the twenty-fifth consecutive quarterly distribution increase since Phillips 66 Partners' initial public offering in 2013 and represents a 5% increase compared to the fourth-quarter 2018 distribution. The quarterly distribution is payable Feb. 13, 2020, to unitholders of record as of Jan. 31, 2020.