NEW YORK, February 28, 2013 /PRNewswire/ --
Today, Investors Alliance announced new research reports
highlighting Companhia Energetica Minas Gerais (NYSE:CIG), CPFL
Energia S.A. (NYSE:CPL), FirstEnergy Corp. (NYSE:FE), Duke Energy
Corp (NYSE:DUK) and Exelon Corporation (NYSE:EXC). Today's readers
may access these reports free of charge - including full price
targets, industry analysis and analyst ratings - via the links
below.
Companhia Energetica Minas Gerais
Research Report
Brazilian Utility Companhia Energetica de Minas Gerais paid the
first installment of extraordinary dividend on January 15 this year, totalling $604 million or 71
cents per share. A Motley Fool analyst says shares slightly
fell a few months ago when the Brazilian government announced plans
to cut electricity rates to reduce customers' costs and make
companies more competitive. The analyst is unsure of the impact on
profitability and if policies can achieve the same goals by
reducing taxes instead, in addition to the uncertainty generated by
the continuation its dividend yield of more than 17%. The Full
Research Report on Companhia Energetica Minas Gerais - including
full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/19a2_CIG]
CPFL Energia S.A. Research Report
CPFL Energia is one of Brazil's
utilities hurt by the threat of electric power rationing, due to
lackluster rainfall and low rivers which would be a major problem
for the country's hydroelectric dams, which power 85 percent of
Brazil. In fact, the stock did
push the Utilities sector lower this month, only to bounce back up
1.13 percent to $11.61 per share
today. However, The Street cites strengths in revenue, net income
and return on equity, countering the relatively poor debt
management, poor profit margins and weak operating cash flow. The
Full Research Report on CPFL Energia S.A. - including full detailed
breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/4087_CPL]
FirstEnergy Corp. Research Report
FirstEnergy reported lower numbers in fiscal year 2012 at
earnings of $3.34 per share compared
to $3.64 per share the previous year.
Net income was $771 million and
revenue came in at $15.3 billion,
compared to $869 million and
$16.1 billion, respectively. The
company incurred a host of expenses last year including its
decision to close old power plants, new regulatory and tax charges,
and placing a more conservative accounting system for pension
expenses. Declining industrial demand due to a sluggish regional
economy also affected the numbers, though management is optimistic
with shale gas development in Ohio
and Pennsylvania. FirstEnergy
expects demand for power to increase by less than 1 percent this
year, but could grow faster in the near future if shale gas
development pushes forward. The Full Research Report on FirstEnergy
Corp. - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/1560_FE]
Duke Energy Corp Research Report
Duke Energy announced it will begin inspections of piers and
structures located along the western shoreline of Lake Norman in
Lincoln and Catawba counties in early March, as part of
its Structure Renovation/Removal Program. Findings showed that
about five percent of the piers on Duke Energy's lakes are in need
of major repair, according to the press release. In other news,
Duke saw its Q4 2012 earnings top Wall
Street expectations after rising electric rates and increased
demand for power due to more extreme weather. However, results were
reduced by costs incurred by acquiring Progress Energy in June to
become the US's largest utility, and cost overruns at an
Indiana power plant. Duke reported net income of $435 million or 62
cents per share. With the effect of the merger costs and
other one-time charges removed, the company earned 70 cents per share. Analysts had expected the
company to earn 65 cents per share on
an adjusted basis. In comparison, Duke
posted net income of $288 million
last year, or 65 cents per share as a
standalone company. The Full Research Duke Energy Corp - including
full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/7bfd_DUK]
Exelon Corporation Research Report
Exelon reported revenue of $6.44
billion, compared to the expected revenue of $8.26 billion, while GAAP reported sales were 57%
higher than the prior-year quarter's $3.99
billion. Meanwhile earnings per share came in at
64 cents, meeting expectations.
However GAAP EPS of 44 cents for Q4
was 52% lower than the prior-year quarter's 91 cents per share. The dividend meanwhile was
announced at 53 cents per share,
payable on March 8. For this year,
Exelon expects adjusted (non-GAAP) operating earnings of
$2.35 to $2.65 per share, citing
mark-to-market adjustments from economic hedging activities,
financial impacts associated with the planned retirement of fossil
generating units and the sale in the fourth quarter of 2012 of
three generating stations as required by the merger, among others.
The Full Research Report on Exelon Corporation - including full
detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/3f3b_EXC]
Consider Investors Alliance
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Contact: Patricia Byers
Email: press@investors-alliance.com
Main: +1-480-745-7826
SOURCE Investors-Alliance