NEW YORK, November 15, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Public Service Enterprise Group Inc. (NYSE: PEG), Northeast Utilities (NYSE: NU), Ameren Corporation (NYSE: AEE), Westar Energy, Inc. (NYSE: WR), and NV Energy, Inc. (NYSE: NVE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Public Service Enterprise Group Inc. Research Report
On November 8, 2013, Public Service Enterprise Group Inc. (PSEG) announced that David M. Daly has been appointed as President and Chief Operating Officer of its new subsidiary, PSEG Long Island LLC, which will manage the operation of the Long Island Power Authority's electric system from January 1, 2014. The Company informed that Daly has 27 years of utility experience, and has been leading the transition to PSEG for the past two years. Daly stated, "I am honored to lead PSEG's Long Island utility as we work to provide the safe, reliable electric service that Long Island customers expect and deserve." The Company also named three Vice-Presidents who are reporting to Daly - Daniel Eichhorn - Vice President, customer services; John O'Connell - Vice President, transmission and distribution; and William K. Johnson - Vice President, business services. The Full Research Report on Public Service Enterprise Group Inc.- including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Northeast Utilities Research Report
On October 31, 2013, Northeast Utilities (NU) reported its Q3 2013 and 9M 2013 financial results. Reported earnings for the quarter were $209.5 million or $0.66 per share versus $207.6 million or $0.66 per share in Q3 2012. For 9M 2013, reported earnings of the Company stood at $608.6 million or $1.93 per share versus $351.2 million or $1.32 per share in 9M 2012. Thomas J. May, NU Chairman, President and CEO, commented, "Our reliability and customer service levels continue to be strong this year and our cost control efforts remain on target. This reflects the success of our employees in adopting best practices as we integrate our operations and improve our customer service." NU also affirmed its full-year 2013 earnings guidance of $2.45 to $2.60 per share. The Full Research Report on Northeast Utilities- including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Ameren Corporation Research Report
On November 7, 2013, Ameren Corporation (Ameren) reported its Q3 2013 financial results with total operating revenue at $1.6 billion down 4.2% YoY. Ameren's net income from continuing operations was $305 million or $1.25 per diluted share versus $309 million or $1.28 per diluted share for Q3 2012. Thomas R. Voss, Chairman, President and CEO of Ameren commented, "Cooler-than-normal weather had a negative impact on third quarter earnings. As a result, we have updated our 2013 guidance for earnings from continuing operations to a range of $2.00 to $2.10 per diluted share, compared to our prior range of $2.00 to $2.15 per diluted share. We have achieved three important milestones in recent weeks. In August, the Illinois Commerce Commission approved a Certificate of Public Convenience and Necessity for key portions of the Illinois Rivers transmission project and we expect the remainder of the project to be approved by March of next year. Further, in October, the Federal Energy Regulatory Commission approved our divestiture of the merchant generation business to a Dynegy affiliate and we announced an agreement to sell our merchant gas-fired energy centers. Both transactions are expected to close by year-end." The Full Research Report on Ameren Corporation- including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Westar Energy, Inc. Research Report
On November 7, 2013, Westar Energy, Inc. (Westar Energy) reported its Q3 2013 and 9M 2013 financial results. Total revenue during the quarter stood at $695 million down 0.1% YoY. Net income attributable to common stock was $133.1 million or $1.04 per diluted share for Q3 2013 versus $139.3 million or $1.09 per diluted share for Q3 2012. For 9M 2013, net income attributable to common stock stood at $251.5 million or $1.96 per diluted share versus $227.9 million or $1.79 per diluted share for 9M 2012. Westar Energy also revised its 2013 earnings guidance to $2.20 to $2.30 per share, reflecting year-to-date trends including improved residential and commercial sales, lower interest expenses, benefits from lower operating expenses and lower effective income tax rate. The Full Research Report on Westar Energy, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
NV Energy, Inc. Research Report
On November 8, 2013, NV Energy, Inc. (NV Energy) reported that its wholly-owned subsidiary, Nevada Power Company d/b/a NV Energy, announced that it will redeem all $125.0 million aggregate principal amount of its 7.375% General and Refunding Mortgage Notes, Series U, due by 2014 (the Notes) on December 9, 2013. NV Energy stated that the Notes will be redeemed at a redemption price equal to 100% of their principal amount plus a make-whole premium based on a 50 basis point spread over a reference U.S. Treasury security that will be determined by an independent investment bank on December 4, 2013, plus accrued and unpaid interest to the redemption date. The Full Research Report on NV Energy, Inc.- including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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