Showing posts with label Exelon Corporation. Show all posts
Showing posts with label Exelon Corporation. Show all posts

Thursday, October 18, 2012

Yamana (AUY) (COP) (EXC) (WNR) (GORO) (HAL) (IAG) (RDS-A) Ratings Changes


Yamana Gold (AUY), ConocoPhillips (COP), Exelon Co. (EXC), Western Refining, Inc. (WNR), Gold Resource Co. (GORO), Halliburton (HAL), IAMGOLD Corp (IAG) and Royal Dutch Shell (RDS-A) had ratings on them adjusted by analysts.

Scotia Capital upgraded Yamana Gold (AUY) from a "Sector Perform" rating to an "Outperform" rating.

Goldman Sachs (GS) upgraded ConocoPhillips (COP) from a "Sell" rating to a "Neutral" rating.

Citigroup (C) upgraded Exelon Co. (EXC) from a "Sell" rating to a "Neutral" rating.

Goldman Sachs upgraded Western Refining, Inc. (WNR) from a "Neutral" rating to a "Buy" rating.

Global Hunter Securities downgraded Gold Resource Co. (GORO) from an "Accumulate" rating to a "Neutral" rating. They have a price target of $17.50 on the company.

Global Hunter Securities downgraded Halliburton (HAL) from an "Accumulate" rating to a "Neutral" rating. They have a price target of $38.00 on the company.

Scotia Capital downgraded IAMGOLD Corp (IAG) from an "Outperform" rating to a "Sector Perform" rating.

Goldman Sachs downgraded Royal Dutch Shell (RDS.A) from a "Neutral" rating to a "Sell" rating.

Friday, July 27, 2012

Newmont (NEM) (MPC) (EXC) (OKE) (WPZ) Boost Dividends

Newmont Mining Corporation (NEM), Marathon Petroleum Corporation (MPC), Exelon Corporation (EXC), ONEOK, Inc. (OKE) and Williams Partners L.P. (WPZ) all recently increased dividends.

Marathon Petroleum Corporation (MPC) raised its quarterly dividend 40 percent to $0.35 a share. The dividend is payable September 10, 2012 to shareholders of record as of the close of business August 16, 2012.

Exelon Corporation (EXC) boosted its quarterly dividend 38.5 percent to $0.525 a share. The dividend is payable September 10, 2012, to shareholders of record of Exelon at 5:00 p.m. EST on August 15, 2012.

ONEOK, Inc. (OKE) raised its quarterly dividend 8.2 percent to $0.33 a share. The dividend is payable August 15, 2012, to shareholders of record at the close of business August 6, 2012.

Newmont Mining Corporation (NEM) increased its quarterly dividend 17 percent to $0.35 a share. The dividend is payable on September 28, 2012, to holders of record at the close of business on September 6, 2012.

Williams Partners L.P. (WPZ) raised its quarterly dividend 2 percent to $0.7925 a unit. The dividend is payable on August 10, 2012, to unitholders of record at the close of business on August 3.

Friday, January 13, 2012

JA Solar (JASO) (LNT) (D) (ECA) (ED) (EXC) Ratings, Price Targets

JA Solar (NASDAQ: JASO), Alliant Energy (NYSE: LNT), Dominion Resources, Inc. (NYSE: D), EnCana Co. (NYSE: ECA), Consolidated Edison, Inc. (NYSE: ED) and Exelon Co. (NYSE: EXC) ratings and price targets.

JA Solar (JASO) was downgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Underperform” rating.

Alliant Energy (LNT) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $28.00 on the company.

Dominion Resources, Inc. (D) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Underweight” rating.

EnCana Co. (ECA) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.

Consolidated Edison, Inc. (ED) was downgraded by JPMorgan Chase & Co. from a “Neutral” rating to an “Underweight” rating.

Deere & Company (DE) had its price target raised by Jefferies Group (NYSE:JEF) to $83.00. They have a “Hold” rating on the company.

Exelon Co. (EXC) was downgraded by Bank of America (NYSE:BAC) from a “Buy” rating to a “Neutral” rating.

Wednesday, September 29, 2010

Citigroup (NYSE:C), Goldman (NYSE:GS), Barclays (NYSE:BCS) Part of Exelon's Note Sale

Exelon Generation Company enlisted the help of Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Barclays Capital (NYSE:BCS), among others, to be book-runners on their sale of $900 million in senior notes.

Included with the offering is $550 million in 4 percent notes due October 1, 2010, and $350 million in 5.75 percent notes due on October 1, 2041.

Exelon is raising the capital to pay for the takeover John Deere Renewables LLC and for general corporate purposes.

Other book-runners connected to the deal are Wells Fargo Securities, BNP Paribas Securities, RBS Securities, Mizuho Securities USA, The Williams Capital Group. Co-managing the deal is Lebenthal & Company.

The deal is expected to close September 30.

Wednesday, September 1, 2010

Deere (NYSE:DE) Sells Wind Energy Business to Exelon (NYSE:EXC)

Deere (NYSE:DE) announced it is selling it wind energy business to a subsidiary of Exelon Corp. (NYSE:EXC) for $900 million.

With the recession continuing on, energy prices remain flat, and will for some time, so organic growth isn't going to happen for these companies.

But the low-price atmosphere is also connected to markets, and that is providing companies like Exelon with good opportunities to snap up companies relatively cheap.

That's why companies with a lot of cash on hand are positioned much stronger than those that aren't, as they can do this with little or no leverage.

Even though Deere had wanted to wait until prices increased for the wind farm, economic data reveals that could be a long wait, and they didn't want to continue with the distraction.

Deere said they want to get back to their core business of building farm equipment.

The rural factor is the reason they entered the wind business in the first place, but other then putting these ugly things on land, there really wasn't much connection.

The deal should close by the end of 2010.

Friday, April 16, 2010

Wells Fargo (NYSE:WFC) Downgrades Exelon (NYSE:EXC)

Exelon downgraded by Wells Fargo

Exelon Corporation (NYSE:EXC), a utility services company, was downgraded today from “Market Perform” to “Underperform” by Wells Fargo (NYSE:WFC).

The valuation range of the stock was adjusted downward as well, from $42-44 to $36-38.

Wells Fargo explained the downgrade of Exelon this way, “We do not believe shares adequately reflect the current forward power price outlook and the diminished outlook for near-term passage of carbon regulations. We continue to view EXC’s unregulated nuclear fleet and operational track record favorably versus peers.”