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Quarterly Dividends, Financial Results, and Other Corporate Announcements - Research Report on ITC, Edison International, NextEra Energy, PPL, and DTE Energy


News provided by

Analysts' Corner

Nov 18, 2013, 08:00 ET

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NEW YORK, November 18, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting ITC Holdings Corp. (NYSE: ITC), Edison International (NYSE: EIX), NextEra Energy, Inc. (NYSE: NEE), PPL Corporation (NYSE: PPL) and DTE Energy Co. (NYSE: DTE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

ITC Holdings Corp. Research Report

On November 13, 2013, ITC Holdings Corp.'s (ITC) Board of Directors announced a quarterly cash dividend on ITC common stock of $0.425 per share. According to the Company, shareholders of record as of December 2, 2013 will be paid the dividends on December 16, 2013. The Full Research Report on ITC Holdings Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://www.AnalystsCorner.com/r/full_research_report/cb13_ITC

--

Edison International Research Report

On November 13, 2013, Edison International reported that its subsidiary, Southern California Edison (SCE) has released a white paper demonstrating that its decision in June to permanently shut down the San Onofre Nuclear Generating Station (SONGS) in light of the failure of the replacement steam generators provided by Mitsubishi Heavy Industries (Mitsubishi) was an appropriate cost-mitigation measure. Commenting on this decision, SCE President Ron Litzinger said, "Once we decided to shut down SONGS due to the circumstances created by the failed replacement steam generators, we were able to significantly reduce costs. This paper shows that these cost savings were greater than the benefits that could have been achieved by continuing to work toward returning SONGS to service, given the uncertainty about if and when SONGS would have been allowed to restart. We believe this white paper presents an opportunity to thoroughly answer any remaining questions about why we shut down the plant when we did and why it was the best option for customers." The Full Research Report on Edison International - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://www.AnalystsCorner.com/r/full_research_report/b3f9_EIX

--

NextEra Energy, Inc. Research Report

On November 1, 2013, NextEra Energy, Inc. (NextEra Energy) reported its financial results for Q3 2013. The Company's Q3 2013 net income on a GAAP basis was $698 million, or $1.64 per share, versus $415 million, or $0.98 per share, in Q3 2012. On an adjusted basis, the Company's earnings were $607 million, or $1.43 per share during the quarter, versus $532 million, or $1.26 per share, during Q2 2012. Reflecting on the Company's quarterly performance, NextEra Energy President and CEO James L. Robo commented, "NextEra Energy delivered strong results in the third quarter as our company continued to execute against our development program as well as our ongoing initiative to improve productivity and take costs out of the business. At Florida Power & Light Company, increased investment in the business continues to improve reliability, reduce emissions, lower fuel costs, and enhance an already excellent value proposition for our customers. At NextEra Energy Resources, we placed into service an additional new contracted renewable project that strengthens our position as North America's largest generator of renewable energy from the wind and sun." The Full Research Report on NextEra Energy, Inc. including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://www.AnalystsCorner.com/r/full_research_report/7c18_NEE

--

PPL Corporation Research Report

On November 13, 2013, PPL Corporation (PPL) reported that no-hunting restrictions around the Holtwood hydroelectric plant will be effective during the 2013-14 hunting season due to the ongoing construction work around the facility. Commenting on the restrictions, John M. Levitski, Regional Affairs Director for the Lancaster area said, "We appreciate the public's understanding and adherence to these restrictions, which are meant to keep both hunters and construction workers safe." The Full Research Report on PPL Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://www.AnalystsCorner.com/r/full_research_report/807d_PPL

--

DTE Energy Co. Research Report

On November 7, 2013, DTE Energy Co. (DTE Energy) reported that the Company's gas costs are projected to be lower this winter for its 1.2 million natural gas customers. The Company stated that during this winter, costs will complete a decrease of more than 25% since the winter of 2010-11. Mark Stiers, DTE Energy Vice President, Gas Sales and Supply, commented, "We deploy purchasing strategies to make sure our customers are paying lower prices during the winter and throughout the year for that matter. At DTE, we don't want energy bills to be a burden for our customers. We try to keep costs low and also provide payment options for customers who are struggling financially." The Full Research Report on DTE Energy Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://www.AnalystsCorner.com/r/full_research_report/24df_DTE

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

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