Ameren http://so-l.ru/tags/show/ameren Thu, 19 Sep 2019 10:13:26 +0300 <![CDATA[Atmos Energy (ATO) to Gain from Investment, Customer Addition]]> We recently updated a research report on Atmos Energy Corporation ATO. This natural gas utility has a well chalked-out capital expenditure plan in place. In addition, increasing customer volume is generating a positive impact on demand.

What’s Driving the Stock?

Atmos Energy invested $6 billion for replacing the aging infrastructure and modernizing the system. Its long-term capital expenditure plan calls for investment in the tune of $9-$10 billion over the next five years, out of which 80% will be spent on safety and improving the reliability of its operations. These planned investments are expected to result in annual earnings growth of 6-8% through 2023.

More than 85% of Atmos Energy’s annual capital investments start earning returns within six months and nearly 99% in no more than 12 months. Owing to positive regulatory outcome, $80.1 million increase in rates has already been implemented in fiscal 2018, $22.8 million in fiscal 2019 and nearly $13.7 million rate cases are in progress for implementation this fiscal year.

The company is benefiting from improving economy, as its customer base is expanding, which is in turn positively impacting the performance of the company. Courtesy of the improving economic conditions, the company recorded a 1.1% increase in customer volume at the end of fiscal 2018 from the 2016 level.

As Atmos Energy is concentrated in the State of Texas, its operations and financial results are vulnerable to the state’s economic conditions, weather patterns and regulatory decisions. More than 50% of the company’s distribution customers, along with most of its pipeline and storage assets as well as operations are located in the State of Texas.

Price Movement

In the past 12 months, Atmos Energy’s shares have returned 1.3%, outperforming its industry’s growth of 0.2%.



 

Zacks Rank & Key Picks

Atmos Energy currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some better-ranked stocks from the same sector are One Gas Inc. OGS, Ameren Corp. AEE and Entergy Corp. ETR, each carrying a Zacks Rank #2 (Buy).

Third-quarter earnings of One Gas, Ameren and Entergy surpassed the Zacks Consensus Estimate by 10.71%, 17.19% and 33.2%, respectively.

One Gas, Ameren and Entergy’s Zacks Consensus Estimate for 2018 earnings has moved up 0.3%, 3.1% and 5.1%, respectively, in the past 30 days.

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Ameren Corporation (AEE): Free Stock Analysis Report
 
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Atmos Energy Corporation (ATO): Free Stock Analysis Report
 
ONE Gas, Inc. (OGS): Free Stock Analysis Report
 
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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_12_01_atmos_energy_ato_to_gain_from_investme Sat, 01 Dec 2018 00:53:00 +0300
<![CDATA[Atmos Energy to Issue Equity to Repay Debts, Fund Projects]]> Atmos Energy Corporation ATO has priced its public offering of 7,008,087 shares of its common stock at $92.75 per share. Atmos Energy granted the underwriters an option to purchase up to 1,051,213 additional shares of its common stock. This equity issue is expected to cover the company’s equity capital raising needs for fiscal 2019.

Usage of the Proceeds

The company has plans to utilize the proceeds from the equity share to repay short-term debt under its commercial paper program, to fund capital spending primarily to enhance the safety and reliability of its system, as well as for general corporate purposes.

Long-Term Plans

Atmos Energy has plans to increase capital expenditure by 9-10% annually in the fiscal 2019-2023 time frame, which is likely to result in a total capital expenditure within $9-$10 billion in the said period. Out of the planned capital expenditure, nearly 80% will be spent on enhancing system safety and improving the reliability of its operations.
 
These planned investments are expected to result in annual earnings growth of 6-8% through 2023.

Probable Source of Future Funds

In addition to the internally generated funds, the company might opt for a new debt issue, as nearly 99% of its capital spending starts generating returns within 12 months of investment. The current debt-to-capital ratio of the company is lower than the industry average and its long-term debt is rated as investment grade by the credit rating agencies.

To Sum Up

The company continues to utilize new technology and business processes to improve safety and reliability of its services. The continuous improvement in its services allows it to serve its expanding customer base in eight states. Atmos Energy recorded a 1.1% increase in customer volume at the end of fiscal 2018 from 2016 levels.

Price Movement

In the last 12 months, Atmos Energy’s shares have returned 5.7%, outperforming its industry’s growth of 0.5%.



Zacks Rank & Key Picks

Atmos Energy currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some better-ranked stocks from the same sector are One Gas Inc. OGS, Ameren Corporation AEE and Entergy Corporation ETR.

Third-quarter earnings of One Gas, Ameren and Entergy surpassed the Zacks Consensus Estimate by 10.71%, 17.19% and 33.2%, respectively.

One Gas, Ameren and Entergy’s Zacks Consensus Estimate for 2018 earnings has moved up 0.3%, 3.1% and 5.1%, respectively, in the past 30 days.

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Ameren Corporation (AEE): Free Stock Analysis Report
 
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ONE Gas, Inc. (OGS): Free Stock Analysis Report
 
Atmos Energy Corporation (ATO): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_11_29_atmos_energy_to_issue_equity_to_repay_de Thu, 29 Nov 2018 17:46:00 +0300
<![CDATA[Ameren downgraded to neutral from buy at UBS]]> ]]> http://so-l.ru/news/y/2018_11_29_ameren_downgraded_to_neutral_from_buy_at Thu, 29 Nov 2018 17:06:03 +0300 <![CDATA[AEE vs. ETR: Which Stock is a Better Bet for Your Portfolio?]]> Demand for services provided by utilities registers a steady rise as these are basic necessities of the society. Market for the same is nonvolatile as electricity, gas and water fulfill basic needs. These companies are generally regulated, fundamentally strong and mature. Stable earnings and cash flow rewards through regular dividends to investors make these stocks attractive.

Currently, dividend yield of 3.05% from Zacks Utility - Electric Power industry is better than the Zacks S&P 500 Composite’s 1.95%.

In this article, we run a comparative analysis on two prominent electric power utilities — Ameren Corporation AEE and Entergy Corporation ETR — to ascertain which one performed better and is a suitable investment option right now.

Price Movement

Shares of Ameren have gained 7.9% while the Entergy stock has inched up 0.2% against the industry’s decline of 5.2% in the past 12 months. Thus, price movement of Ameren is better compared with the Entergy 's price performance.



Earnings & Surprise Trend

Ameren’s third-quarter 2018 operating earnings beat the Zacks Consensus Estimate by 17.19%. The company surpassed the consensus estimate in all the trailing four reported quarters, the average being 15.4%.

Entergy’s third-quarter adjusted earnings topped the Zacks Consensus Estimate by 33.22%. The company exceeded the consensus mark in three of the trailing four reported quarters, the average beat being 36.2%.

VGM Score

Both Ameren and Entergy have an impressive VGM Score of B. Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a top Zacks Rank offer the best investment bets.

Dividend Yield

Ameren’s dividend yield of 2.7% is higher than the Zacks S&P 500 Composite’s 1.95%. While the same is lower compared with the industry average of 3.05%.

Entergy’s dividend yield of 4.24% lies above the industry’s 3.05% and the Zacks S&P 500 Composite’s 1.95%.

Debt/Capital

Ameren has 49.40% debt/capital ratio while Entergy has 64.73%. Thus, the former is less leveraged than the latter. The debt level is presently higher than the industry average of 49.52%.

Estimate Revision

In the past 30 days, the Zacks Consensus Estimate for Ameren’s 2018 earnings has moved 3.1% north to $3.37 and the company’s year-over-year growth is pegged at 19.08%.

The Zacks Consensus Estimate for Entergy’s current-year bottom line has been revised 5.1% upward to $6.98 in the past 30 days. While its decline is anticipated at 3.06% year over year.

Zacks Rank

Ameren carries a Zacks Rank #2 (Buy). The company has a market capitalization of around $16.57 billion. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Entergy holds a Zacks Rank 2. It has a market capitalization of $15.55 billion.

How Utilities are Shaping Up for Q4

Regular investment in infrastructure will allow utilities to maintain an uninterrupted flow of service. Utilities are resorting to upgrade and strengthening of the existing infrastructure along with modernizing generation fleet. Monitoring and servicing on a day-to-day basis will heighten customers’ reliability and resiliency on the service providers.

Another undergoing aspect in the utility market specifically for electric utilities is transition. As a result, companies are shifting focus toward renewable energy, thereby replacing the primary fuel source of coal. Meanwhile, rising interest rates are making federal borrowings less profitable and more expensive for traders. Moreover, interest rates has raised thrice in 2018, which is a major concern for utilities.

The Verdict

Both Ameren and Entergy are strong operators in the utility space and it is quite difficult to pick a clear winner among the two when analyzed in terms of most parameters. The companies, carrying a similar Zacks Rank, witnessed the Zacks Consensus Estimate for 2018 move up in the past 30 days.

However, Ameren seems to have edged past Entergy, courtesy of a lower debt-to-capital level compared with the industry and a better year-over-year revision in earnings per share.

Despite a marginal difference between these high-quality utilities, our verdict tilts toward Ameren.

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Ameren Corporation (AEE): Free Stock Analysis Report
 
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To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_11_28_aee_vs_etr_which_stock_is_a_better_bet Wed, 28 Nov 2018 18:11:00 +0300
<![CDATA[Dominion's (D) JV to Create Sustainable Energy From Methane]]> Dominion Energy D announced that it has entered into a joint venture with Smithfield Foods, Inc. to form Align Renewable Natural Gas. Align Renewable Natural Gas will capture methane emissions from hog farms and convert these into clean renewable energy for residential home heating and power for local businesses.

The project will start operation by collecting waste methane from hog farms in North Carolina, Virginia and Utah, and then convert the same into renewable natural gas. The joint venture will benefit from Smithfield Foods’ relationships with contract farmers.

Importance of the JV

Dominion has been working on increasing renewable generation in its production portfolio. The company has a considerable presence in Virginia owing to its solar assets. The new joint venture with Smithfield Foods will aim at lowering methane emission, which is at least 25 times more potent than CO2 as a greenhouse gas.

Dominion, through its existing projects, has already lowered more than 10 billion cubic feet of methane emissions. The new project will further lead to a decrease in methane emissions in the atmosphere. The companies will jointly invest $250 million in this project over the next decade.

Focus on Clean Energy Production

The usage of clean resources to produce electricity in on the rise in North America. Per the recent U.S. Energy Information Administration (EIA) release, the usage of renewable sources, Wind, solar and other non-hydropower, will keep on increasing. More than 10% of the total electricity generated in the United States in 2018 was generated from the above sources and the contribution from the same will exceed to 11% in 2019.

The usage of natural gas and other clean sources continues to curb the dominance of coal in the electricity generation mix in the United States. Utilities like NextEra Energy NEE and Xcel Energy XEL continue making substantial investments to add more renewable assets in their existing portfolio.

Price Movement

In the past six months, shares of the company have gained nearly 15.5% compared with its industry's growth of 5.6%.

 



Zacks Rank & A Key Pick

Dominion Energy currently has a Zacks Rank #3 (Hold). A better-ranked stock from the same industry is Ameren Corporation AEE, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Ameren delivered average positive surprise of 15.4% in the last four quarters and its long-term earnings growth is pegged at 6.79%. The Zacks Consensus Estimate for 2018 has moved up 3.7% in the past 60 days to $3.37 per share.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
 
Xcel Energy Inc. (XEL): Free Stock Analysis Report
 
Dominion Energy Inc. (D): Free Stock Analysis Report
 
Ameren Corporation (AEE): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_11_28_dominion_s_d_jv_to_create_sustainable Wed, 28 Nov 2018 17:35:00 +0300
<![CDATA[OGE Energy (OGE) to Gain From Investments & Solid Cash Flow]]> We have recently issued an updated research report on OGE Energy Corp. OGE. The company’s third-quarter 2018 earnings of $1.02 per share surpassed the Zacks Consensus Estimate by 6.25%.

The company’s operating revenues of $698.8 million declined 2.5% from $716.8 million registered in the prior-year quarter. Total sales in the reported quarter amounted to 8.5 million megawatt-hours (MWh).

Notably, OGE Energy is the largest electric utility in Oklahoma. Its well-positioned regulated utility and unregulated midstream gas businesses carry low risk.

What’s Driving the Stock?

OGE Energy is pursuing an aggressive energy efficiency program. Between 2018 and 2022, it plans to spend around $5 billion, up from the prior five-year investment plan worth $3.3 billion.

Coming to OGE Energy’s third-quarter achievements, the company witnessed 4% improvement in generation reliability at its Mustang Energy Center from 2017. Distribution reliability also improved 10% over 2017. Moreover, the company completed and placed into service the Windspeed II transmission line, the Covington solar farm.

In the quarter under review, OGE Energy’s Enable Midstream Partners recorded growth in per day natural gas gathered volumes for the 11th consecutive quarter. The partnership also witnessed record levels of distributable cash flow and net income. This is because the partnership continues to tie in assets to expand its existing footprint in some of the most prolific oil and gas basis in the United States.

These apart, OGE Energy’s strong balance sheet is commendable. It allows the company to reward its shareholders with dividends. In line with this, OGE Energy raised its dividend by 10% at the end of September 2018.

On the flip side, Moody's Investors Service lowered its rating from A3 to Baa1 for the company in July 2018. The Oklahoma regulatory environment and the 2017 Tax Act were both cited by Moody's Investors Service as contributing factors to the rating downgrade. Such lower ratings might lead to higher financing costs for OGE Energy.

Zacks Rank and Key Picks

OGE Energy currently carries a Zacks Rank #2 (Buy). A few top-ranked stocks in the same space are Ameren Corporation AEE, Entergy Corporation ETR and CMS Energy Corporation CMS, each carrying the same rank as OGE Energy. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Ameren delivered an average positive earnings surprise of 15.40% in the last four quarters. The Zacks Consensus Estimate for current-year earnings has been revised 5% upward to $3.37 over the past 90 days.

Entergy Corporation delivered an average earnings surprise of 36.20% over the trailing four quarters. The Zacks Consensus Estimate for 2018 earnings has climbed 11.3% to $6.98 over the past 90 days.

CMS Energy delivered an average beat of 6.37% in the preceding four quarters. The Zacks Consensus Estimate for the current-year bottom line has remained unchanged over the past 90 days.

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It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Entergy Corporation (ETR): Free Stock Analysis Report
 
Ameren Corporation (AEE): Free Stock Analysis Report
 
CMS Energy Corporation (CMS): Free Stock Analysis Report
 
OGE Energy Corporation (OGE): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_11_28_oge_energy_oge_to_gain_from_investment Wed, 28 Nov 2018 17:26:00 +0300
<![CDATA[Ameren declares $0.4575 dividend]]> http://so-l.ru/news/y/2018_02_09_ameren_declares_0_4575_dividend Fri, 10 Aug 2018 22:03:31 +0300 <![CDATA[Top Research Reports for UnitedHealth, Morgan Stanley & Anheuser-Busch]]> Tuesday, March 20, 2018

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including UnitedHealth (UNH), Morgan Stanley (MS) and Anheuser-Busch (BUD). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

UnitedHealth’s shares have marginally underperformed the Zacks Medical Insurance industry in the last one year (up +34.2% vs. +34.5%). The Zacks analyst likes the company’s robust Government business and continued strong growth at Optum. Its international business and strong capital position that allows for business investment are other positives.

It has been witnessing an increase in membership over many years. The company raised its 2018 earnings guidance led by tax reform upside. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 15.4% upward over the last 90 days. Nevertheless, membership loss in its fee based commercial business and Brazilian business will pull down overall membership growth.

(You can read the full research report on UnitedHealth here >>>).

Shares of Morgan Stanley have outperformed the Zacks Investment Banking industry over the last three months (+7.7% vs. +6.1%), supported by the company’s impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in each of the trailing four quarters.

The Zacks analyst likes the company’s efforts to lower balance sheet risk, strengthen wealth management operations along with its cost saving initiatives. Further, lower tax rates will aid profitability in the quarters ahead. However, persistent fall in net interest income (despite rising interest rates) remains a concern. Also, overall trading weakness is expected to hurt the company’s top line growth in the near-term.

(You can read the full research report on Morgan Stanley here >>>).

Anheuser-Busch’s shares have underperformed the Zacks Alcoholic Beverages industry over the last three months, gaining +0.8% vs. an increase of +2.2%. However, both top and bottom line outpaced estimates and improved year over year in the fourth quarter. In fact, the quarter marked earnings beat after seven consecutive negative surprises while revenues surpassed estimates after two straight misses.

The Zacks analyst likes its robust brand portfolio and solid geographical reach. The company keeps introducing near beer alternatives along with no- and low-alcohol beers to resonate with changing demand. Further, SABMiller’s buyout has enhanced its position in the global beer market.

Though the company anticipates delivering strong top-line growth for 2018, backed by solid brands performance and robust commercial plans, it sees volatility in certain key markets. Moreover, it envisions a soft first quarter, owing to difficult comparisons, and phasing of marketing and sales initiatives.

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Other noteworthy reports we are featuring today include Cigna (CI), MetLife (MET) and Intuitive Surgical (ISRG).

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Senior Editor

Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

Featured Reports

Strong Global Healthcare, Solid Balance Sheet Aid Cigna (CI)

Per the Zacks analyst, Cigna's Global Healthcare unit has been performing strongly for the past many years leading to revenue growth. Its strong balance sheet supports strategic investments

Long-Run CapEx Plan Aids Ameren (AEE) Amid Tax Reform Woes

Per the Zacks analyst, Ameren's multi-billion, long-run investment plan aids its system reliability and infrastructural improvements. Yet the recent tax reform may reduce its near-term cash flows.

Cost Savings Initiatives, Investments Drive Eversource (ES)

The Zacks analyst believes Eversource's planned $10.8 billion capital investment, intended to strengthen its operations, and cost savings initiatives will boost the performance of the company.

Declining Debt Load Aids Stone Energy (SGY), Reserves Fall

The Zacks analyst is concerned about the company's lower proved oil reserves which might affect output.

Restructuring to Aid Valmont (VMI), High Input Costs a Woe

According to the Zacks analyst, Valmont should gain from its restructuring actions that are geared to improve productivity amid headwinds from raw material cost inflation in 2018.

Store-Expansion Plan to Boost Nordstrom (JWN)

Per the Zacks analyst, Nordstrom has been focusing on its store-expansion strategy as part of its efforts to grow market share.

Merrimack (MACK) Pipeline Promising, Lack of Approved Drugs a Concern

Per the Zacks analyst, Merrimack has a promising pipeline with candidates being developed in prospective indications.

New Upgrades

Zumiez's (ZUMZ) Favorable Sales & Comps Trend to Drive Growth

Per the Zacks analyst, Zumiez has recorded sales beat for seven straight quarters and delivered comps growth for six consecutive quarters. It expects this trend to persist and drive growth in 2018.

Wyndham (WYN) Expands on Acquisitions & Marketing Campaigns

The Zacks analyst sees Wyndham's strategic acquisitions as a means of global expansion. Moreover, effective marketing campaigns are helping the company expand its presence and drive occupancy

General and Thoracic Surgery Aid Intuitive Surgical (ISRG)

Intuitive registered solid performance in the Mature & Growth procedures, especially in General and Thoracic surgery. The Zacks analyst is bullish on the company's product-development initiatives.

New Downgrades

High Expenses, Exposure to Catastrophes Drags MetLife (MET)

Per the Zacks analyst, investments in efficiency programs might weigh on MetLife's bottomline before generating returns. Exposure to catastrophe losses induces earnings volatility.

Capacity Issues & High Costs Hurt Alaska Air Group (ALK)

The Zacks analyst is concerned about capacity expansion outpacing traffic growth at Alaska Air Group. High labor and fuel costs are also likely to limit bottom-line growth.

Frequent Acquisitions, Seasonality Hurts First Data (FDC)

Per the Zacks analyst, First Data's top-line growth is negatively impacted by frequent acquisitions and seasonality.


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UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report
 
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MetLife, Inc. (MET): Free Stock Analysis Report
 
Intuitive Surgical, Inc. (ISRG): Free Stock Analysis Report
 
Cigna Corporation (CI): Free Stock Analysis Report
 
Anheuser-Busch InBev SA/NV (BUD): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_20_top_research_reports_for_unitedhealth_m Tue, 20 Mar 2018 23:32:00 +0300
<![CDATA[Ameren (AEE) Tops Q4 Earnings Estimates, Issues '18 View]]> Ameren Corporation AEE posted fourth-quarter 2017 adjusted earnings from continuing operations of 39 cents per share, surpassing the Zacks Consensus Estimate of 34 cents by 14.7%. The bottom line also surged 200% year over year, primarily due to a change in the timing of interim period revenue recognition at Ameren Illinois Electric Distribution.

For 2017, Ameren Corporation reported adjusted earnings of $2.83 per share, compared with earnings of $2.68 in the prior year. Full-year earnings surpassed the Zacks Consensus Estimate of $2.79 by 1.4%.

Total Revenues

Total revenues of $1,402 million in the quarter were up 3.4% year over year owing to higher electric as well as natural gas sales volumes.

For 2017, the company generated revenues worth $6,177 million that lagged the Zacks Consensus Estimate of $6,330 million. However, on a year-over-year basis, revenues rose 1.7% from $6,076 million in the prior year.

Highlights of the Release

Ameren’s total electricity sales volumes in the quarter decreased 2.1% to 17,854 million kilowatt hours (kWh) from 18,235 million kWh in the prior-year quarter. Gas volumes improved 11.3% 59 million dekatherms.

Total operating expenses were $1,177 million, down 2.8% year over year.

Interest expenses were $96 million compared with $95 million with the year-ago figure.

Ameren Corporation Price, Consensus and EPS Surprise

Ameren Corporation Price, Consensus and EPS Surprise | Ameren Corporation Quote

Financial Condition

Ameren reported cash and cash equivalents of $10 million as of Dec 31, 2017 compared with $9 million at 2016 end.

Long-term debt as of Dec 31, 2017 was $7,094 million compared with $6,595 million as of Dec 31, 2016.

Cash from operating activities as on Dec 31, 2017 was $2,104 million compared with $2,123 million in the prior-year period.

Guidance

Ameren expects 2018 earnings per share to be in a range of $2.95-$3.15.

Zacks Rank

Ameren carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Peer Releases

Exelon Corp EXC reported fourth-quarter 2017 operating earnings of 55 cents per share, which lagged the Zacks Consensus Estimate of 62 cents by 11.3%.  However, quarterly earnings were 25% higher than the year-ago figure of 44 cents.

Dominion Energy D reported fourth-quarter 2017 operating earnings of 91 cents per share, beating the Zacks Consensus Estimate of 88 cents by 3.4%. However, operating earnings decreased 8.1% from 99 cents reported a year ago.

American Electric Power AEP reported fourth-quarter 2017 operating earnings per share of 85 cents, exceeding the Zacks Consensus Estimate of 81 cents by 4.9%. The bottom line also improved 4.9% from 67 cents per share reported a year ago.

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Ameren Corporation (AEE): Free Stock Analysis Report
 
American Electric Power Company, Inc. (AEP): Free Stock Analysis Report
 
Exelon Corporation (EXC): Free Stock Analysis Report
 
Dominion Energy Inc. (D): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_16_ameren_aee_tops_q4_earnings_estimates Fri, 16 Feb 2018 21:14:00 +0300
<![CDATA[Ameren (AEE) Beats on Q4 Earnings Estimates, Sales Up Y/Y]]> Ameren Corporation AEE is a utility company, which generates and distributes electricity and natural gas to residential, commercial, industrial and wholesale end markets in Missouri and Illinois. This St. Louis-based company has been concentrating on its rate-regulated utilities following its exit from the merchant generation business.

However, the company is subject to volatile commodity prices and stringent environmental regulations, which could negatively impact its margins.
 
Estimate Trend & Surprise History

Investors should note that the fourth quarter Zacks Consensus Estimate for earnings of 34 cents per share increased by a penny over the last seven days.

Coming to the earnings surprise, Ameren Corporation has missed the Zacks Consensus Estimate in two of the last four quarters, which have resulted in a negative average surprise of 1.05%.

Zacks Rank: Currently, Ameren Corporation has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2017 earnings report which has just released.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Ameren Corporation Price and EPS Surprise

Ameren Corporation Price and EPS Surprise | Ameren Corporation Quote

Ameren Corporation Price and EPS Surprise

We have highlighted some of the key details from the just-released announcement below:

Earnings: Ameren Corporation surpassed earnings estimate. Earnings per share came in at 39 cents, compared with the Zacks Consensus Estimate of 34 cents.

Revenues: The company’s reported revenues of $1,402, up 3.4% from the year-ago figure.

Key Stats: The company issued 2018 earnings guidance in the range of $2.95–$3.15.

Stock Price: It would be interesting to see how the market reacts to the fourth quarter earnings beat during the trading session today.

Check back later for our full write up on this AEE earnings report later!

Wall Street’s Next Amazon    

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>
 


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Ameren Corporation (AEE): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_16_ameren_aee_beats_on_q4_earnings_estima Fri, 16 Feb 2018 17:38:00 +0300
<![CDATA[Ameren (AEE) to Report Q4 Earnings: What's in the Cards?]]> Ameren Corporation AEE is set to release fourth-quarter 2017 results on Feb 16, before the market opens.

Last quarter, the utility reported a negative earnings surprise of 5.34%. Moreover, it lagged the Zacks Consensus Estimate in two of the last four quarters, with an average miss of 1.05%.

Let’s see how things are shaping up at the company prior to this announcement.

Factors at Play

Per Ameren’s third-quarter earnings call, fourth-quarter 2017 earnings are expected to be impacted by expenses associated with the fourth quarter Callaway nuclear refueling and maintenance outage.

However, the company’s earnings are likely to increase on the back of strong rate-based growth and disciplined financial management. In line with this, the Zacks Consensus Estimate for Ameren’s fourth-quarter earnings of 33 cents per share reflects an annual growth of 153.9%.

Moreover, we expect the company’s yet-to-be reported quarter’s result to duly reflect the increase in revenue recognition, resulting from the Future Energy Jobs Act.  Also the company expects to incur low interest expenses driven by the refinancing of debt in 2017, which is likely to get reflected in the upcoming results, partially.

Further, the company’s service territories witnessed almost normal temperatures during the fourth quarter. So we may expect weather condition to have a positive influence on the company’s revenues.

 

Ameren Corporation Price and EPS Surprise

 

Ameren Corporation Price and EPS Surprise | Ameren Corporation Quote

 

Earnings Whispers

Our proven model doesn’t conclude that Ameren is likely to beat estimates this quarter. This is because a stock needs to have both — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — to be able to beat estimates.

Zacks ESP: Ameren has an Earnings ESP of -3.03%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Ameren has a Zacks Rank #3, which increases the predictive power of ESP. However, the company’s negative ESP makes surprise prediction difficult

We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into an earnings announcement, especially when the company is seeing negative estimate revisions.

Stocks to Consider

Here are a few operators in the electric utility space that you may consider, as our model shows that they have the right combination of elements to post an earnings beat this quarter:

Edison International EIX will report next quarterly results on Feb 22. The company has an Earnings ESP of +1.44% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

CenterPoint Energy, Inc. CNP has an Earnings ESP of +2.65% and a Zacks Rank #2. The company is scheduled to report next quarterly results on Feb 22.

Public Service Enterprise Group PEG has an Earnings ESP of +0.72% and a Zacks Rank #2. The company is scheduled to report next quarterly results on Feb 23.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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Ameren Corporation (AEE): Free Stock Analysis Report
 
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Edison International (EIX): Free Stock Analysis Report
 
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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_15_ameren_aee_to_report_q4_earnings_what Thu, 15 Feb 2018 16:18:00 +0300
<![CDATA[Ameren Corporation (AEE) Surges: Stock Moves 5.4% Higher]]> Ameren Corporation AEE was a big mover last session, as the company saw its shares rise more than 5% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $52.59 to $56.92 in the past one-month time frame.

The company has not seen any estimate revisions over the past month and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Ameren currently has a Zacks Rank #4 (Sell), while its Earnings ESP is positive.

A better-ranked stock in the Utility - Electric Power industry is Pampa Energía S.A. PAM, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is AEE going up? Or down? Predict to see what others think: Up or Down

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


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To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_12_ameren_corporation_aee_surges_stock_m Mon, 12 Feb 2018 16:39:00 +0300
<![CDATA[Aalok Devkota Sells Ameren And Pilgrim's Pride, Buys iRobot And Baozun]]> http://so-l.ru/news/y/2018_01_27_aalok_devkota_sells_ameren_and_pilgrim_a Sat, 27 Jan 2018 01:18:00 +0300 <![CDATA[Top Analyst Reports for Mastercard, Netflix & NVIDIA]]> Tuesday, January 23, 2018

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Mastercard (MA), Netflix (NFLX) and NVIDIA (NVDA). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Buy-rated Mastercard’s shares have gained +51.7% over the past year, outperforming the Zacks Financial Transaction Services industry which has gained +41.8% over the same period. The Zacks analyst likes its solid market position, ongoing expansion and digital initiatives.

Significant opportunities have arisen from the secular shift toward electronic payments. The acquisitions of VocaLink and NuData Security complement the company’s efforts to participate in new payment flows and enhance its safety and security offerings.

The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 1.3% upward over the last 60 days. However, it continues to face increasing costs, a volatile forex environment and legal issues. Also, higher incentives and rewards will put pressure on the bottom line.

(You can read the full research report on Mastercard here >>>).

Shares of Netflix have vastly outperformed the Zacks Broadcasting industry, gaining +79.4% vs. +22.9% in the past one year. Netflix fourth-quarter results benefited from content strength that helped in expanding international subscriber base. The company’s efforts to attract viewers through investing in more regional programming resulted in better-than-expected net addition of subscribers.

The company remains confident of adding more subscribers as the trend of binge viewing is catching up fast.  The Zacks analyst thinks continuing subscriber additions and expanding content portfolio are the key catalysts that will help Netflix to sustain growth going forward.

However, increasing market spends and higher investments on original/acquired content will continue to hurt profitability, at least in the near term. Rising competition is also a major concern.

(You can read the full research report on Netflix here >>>).

Buy-rated NVIDIA’s shares have surged over the last year, gaining in excess of +121% versus the Zacks General Semiconductor industry’s +53.3% gain, thanks to the company’s positive record of earnings surprises in the recent quarters. The Zacks analyst thinks NVIDIA’s sustained efforts toward attaining a robust position in several emerging industries such as Artificial Intelligence (AI), deep learning and driverless cars industry have improved its growth prospects.

NVIDIA’s innovative product pipeline and strength in gaming and high-end notebook GPUs remain the positives. The company’s focus on GRID platforms can increase GPU adoption in data centers, giving it an advantage against its competitors.

(You can read the full research report on NVIDIA here >>>).

Other noteworthy reports we are featuring today include M&T Bank (MTB), Public Storage (PSA) and Valero Energy (VLO).

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>

Mark Vickery

Senior Editor

Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

Featured Reports

Business Divestments May Hamper STERIS' (STE) Top line

Per the Zacks analyst, STERIS may incur sales loss due to divested businesses in the coming quarters. Synergy Health incorporation strengthens foothold in infection prevention and sterilization space.

Hasbro's (HAS) Gaming Crate Impresses, Rising Costs a Worry

The Zacks analyst believes that Hasbro's gaming subscription service, Hasbro Gaming Crate will aid profits.

Project Investments, Cost Cuts to Aid Air Products (APD)

Per the Zacks analyst, Air Products will gain from strong project backlog and strategic investments in high-return projects.

Bullish Media Industry to Drive Omnicom's (OMC) Growth

Per the Zacks analyst, an increasing demand for media services and massive proliferation of channels is likely to drive Omnicom's future growth, despite operating risks.

Tapestry's (TPR) Multi-Brand Strategy to Aid Top-Line Growth

Per the Zacks analyst, the buyouts of Stuart Weitzman and Kate Spade mark steps to become a multi-brand entity.

Valero's (VLO) Higher Throughput Volume to Offset Debt Load

The Zacks analyst believes that improving throughput volume on higher refinery utilization will help Valero to generate more cash flow.

United Therapeutics' (UTHR) PAH Drugs to Drive Sales

Per the Zacks analyst, strong position in the PAH market with four approved products will drive strong top-and bottom-line growth.

New Upgrades

Subscriber Growth, Dividends & Buybacks Aid Sirius XM (SIRI)

The Zacks analyst appreciates the company's healthy net subscriber growth. Efforts to reward shareholders through dividends and buybacks are also encouraging.

Fortive (FTV) Benefits From Acquisitions & Cloud Growth

Per the Zacks analyst, Fortive continues to benefit from the acquisitions of eMaint Enterprises and Global Traffic that have increased Fortive's share into the rapidly-growing cloud computing market.

Rising Loans & Fee Income Boost M&T Bank's (MTB) Top-Line

Per the Zacks analyst, M&T Bank continues to gain from increasing loans balance amid an improving economy.

New Downgrades

Ameren's (AEE) Old Facilities Compromise Normal Operations

The Zacks analyst believes Ameren's aging transmission and distribution facilities can disrupt operations and expose the company to unplanned capital expenditures and operating costs.

High Self-Storage Units Supply to Hurt Public Storage (PSA)

Per the Zacks analyst, a development boom for self-storage units exists in many markets. This is likely to fuel competition for Public Storage, curb its power to raise rents and result in discounting.

Softness in Commercial Business Hurts HCA Healthcare (HCA)

Per the Zacks analyst, continued weakness in Commercial business, stemming from falling admissions, affects HCA Healthcare's top line adversely.


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Valero Energy Corporation (VLO): Free Stock Analysis Report
 
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Netflix, Inc. (NFLX): Free Stock Analysis Report
 
M&T Bank Corporation (MTB): Free Stock Analysis Report
 
Mastercard Incorporated (MA): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_01_24_top_analyst_reports_for_mastercard_netf Wed, 24 Jan 2018 23:36:00 +0300
<![CDATA[Ameren Arm's Mark Twain Project Gets Missouri PSC's Final Nod]]> Ameren Corporation AEE subsidiary — Ameren Transmission Company of Illinois (“ATXI”) — recently received approval from the Missouri Public Service Commission (MoPSC) to proceed with the construction of the Mark Twain Transmission Project. The approval followed ATXI’s receipt of the certificate of convenience and necessity (CCN) from the MoPSC.

Details of the Project

The transmission project is a 100-mile, 345,000-volt transmission line and substation, which will run from Palmyra to Kirksville in Missouri and north to the Iowa border. Per Ameren management, once completed, this project will accomplish a critical link in the region's energy infrastructure. The project is also expected to deliver greater energy reliability, economic growth and better access to clean energy sources to the residents of Missouri.

The route will run through the Adair, Knox, Lewis, Marion and Schuyler counties of Missouri and will include the construction of the Zachary Substation adjacent to the Adair Substation in Adair. The route will co-locate on Northeast Missouri Electric Power Cooperative’s 161,000-volt line between Palmyra and Kirksville and Ameren Missouri's 161,000-volt line from Kirksville to the Iowa border.

Construction of the project, worth $250 million, is expected to begin in April 2018 with a targeted in-service date of December 2019. The company plans to work with Northeast Power, landowners, county commissioners and various local and state agencies on the project.

About the Mark Twain Project

The Mark Twain project is a MISO-approved transmission line to be built in Northeast Missouri. In the third quarter of 2017, ATXI finalized an alternative project route and reached agreements with a cooperative electric company in Northeast Missouri and Ameren Missouri to locate nearly the entire Mark Twain project on existing transmission line corridors. It also received consent for road crossings from five affected counties in Northeast Missouri. In September 2017, ATXI filed for the certificate of CCN with the MoPSC and anticipated a decision from the MoPSC in the first half of 2018. The recent approval was in line with the company’s expectation.

Our View

Ameren follows a systematic investment strategy, primarily for growth projects and infrastructure upgrades. This strategy has helped the company provide reliable services and maintain a dependable and safe transmission system which will help meet rising demand.

The company’s current long-term capital-expenditure plan worth $11.2 billion comprises up to $0.6 billion of investment in ATXI. These investments will support its overall system reliability, environmental compliance and electric and natural gas utility infrastructure improvements.

Missouri, being the national transportation hub for rail, river, road, and air shipments in the United States, has energy consumption per capita at the national median. Naturally, energy demand is high in the state that offers solid opportunities to companies like Ameren.

Toward this end, the Mark Twain project approval will help the company deliver more reliable electricity in various regions of the state as well as cost-effective energy savings beyond new efficiency standards. This in turn will attract more customers, subsequently allowing Ameren to expand its revenue margin.

Price Movement

Ameren’s stock has moved up about 8.1% in a year, compared with the broader industry’s gain of 2.6%. The modernized approach and focus on increasing customer reliability might have led to the outperformance.

 



Zacks Rank & Key Picks

Ameren carries a Zacks Rank #4 (Sell).

A few better-ranked stocks from the same space are Pampa Energia S.A. PAM, sporting a Zacks Rank #1 (Strong Buy), and Atlantic Power Corporation AT and DTE Energy Company DTE, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Pampa Energia posted an average positive earnings surprise of 585.71% over the last four quarters. The Zacks Consensus Estimate for 2018 earnings moved up 62 cents over the past 60 days.

Atlantic Power posted an average positive earnings surprise of 29.21% in the past four quarters. The Zacks Consensus Estimate for loss narrowed by 10 cents for 2018 over the last 90 days.

DTE Energy has an average positive earnings surprise of 3.81% for the last four quarters. The Zacks Consensus Estimate for 2018 earnings has risen by 5 cents in the last 90 days.

Zacks Editor-in-Chief Goes "All In" on This Stock

Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.

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Ameren Corporation (AEE): Free Stock Analysis Report
 
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Atlantic Power Corporation (AT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2018_01_12_ameren_arm_s_mark_twain_project_gets_mis Fri, 12 Jan 2018 16:21:00 +0300
<![CDATA[New Strong Sell Stocks for January 12th]]> Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:

Pier 1 Imports, Inc. PIR is a retailer of decorative accessories, furniture, housewares and seasonal products. The Zacks Consensus Estimate for its current year earnings has been revised 44.2% downward over the last 30 days.

OSI Systems, Inc. OSIS is a global designer of electronic systems and components. The Zacks Consensus Estimate for its current year earnings has been revised 0.6% downward over the last 30 days.

Frontline Ltd. FRO is a shipping company. The Zacks Consensus Estimate for its current year earnings has been revised 16.7% downward over the last 30 days.

Ameren Corporation AEE is a public utility holding company in the U.S. The Zacks Consensus Estimate for its current year earnings has been revised 0.4% downward over the last 30 days.

Sierra Wireless, Inc. SWIR is a developer of IoT with intelligent wireless solutions. The Zacks Consensus Estimate for its current year earnings has been revised 1% downward over the last 30 days.

View the entire Zacks Rank #5 List.


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Frontline Ltd. (FRO): Free Stock Analysis Report
 
Ameren Corporation (AEE): Free Stock Analysis Report
 
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OSI Systems, Inc. (OSIS): Free Stock Analysis Report
 
Pier 1 Imports, Inc. (PIR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_01_12_new_strong_sell_stocks_for_january_12th Fri, 12 Jan 2018 14:40:00 +0300
<![CDATA[PNM Resources Issues Outlook, Infrastructure Spending Helps]]> PNM Resources' PNM board of directors has issued 2018 and 2019 earnings guidance in the range of $1.70-$1.80 per diluted share and $2.00 to $2.16 per diluted share, respectively.

Additionally, the company’s 2017 ongoing earnings guidance has been raised to $1.85-$1.90 per share from the previous range of $1.77-$1.87 per share.

Further, it aims to invest approximately $2.7 billion toward its capital expenditure program for 2018–2022. PNM Resources is an energy holding company that provides electricity services to more than 761,000 customers in New Mexico and Texas through regulated units, PNM and TNMP. Toward this, it aims to invest approximately $866 million toward TNPM and nearly $856 million for PNM transmission and distribution.

Fresh Investment & Customer Growth Helps

The company witnessed year-to-date customer growth of 0.7%. At the TNMP division, performance in the third quarter of 2017 can be attributed to better revenues driven by customer additions that grew by almost 1.3% for the quarter compared with the prior quarter. We expect the increased demand driven by higher customers to be reflected going forward as well.

Overall, we believe that the company is poised to benefit on the back of customer additions and robust capital expenditure planning. Notably, capital expenditure toward energy efficiency programs will aid it to support increased demand in service territories.

We believe that these factors will aid the company to fulfill its targeted 6% ongoing earnings growth through 2021.

Steady Performer & Dividend Growth

PNM Resources has been a consistent performer with earnings surpassing the Zacks Consensus Estimate in the last four quarters, with an average beat of 10%.At the end of the third quarter, the company generated cash and cash equivalents worth $43.1 million, substantially up from the 2016-end figure of $4.5 million. The strong cash flow position of the company, will it aid to meet ongoing capital expenditure and upcoming investments in operations. The company’s net cash flows from operating activities during the first nine months of 2017 amounted to $417.3 million.

Additionally we believe that such robust cash flow generating capability encouraged the company to increase annual dividend and reward investors with a dividend hike of 9.3%, recently in the month of December. (Read more: PNM Resources Rewards Investors, Ups Annual Dividend by 9.3%).

Notably we witnessed Ameren Corp AEE, another utility that recently decided to reward shareholders with a higher dividend. Another utility, WEC Energy Group WEC was also prompted to announce plans of a dividend hike, very recently.

Price Movement                                                 

PNM Resources has outperformed the industry in the last six months. The company’s shares gained 16.5%, compared with the industry’s growth of 4.9%. The outperformance can be attributed to its strong cash generating ability.

Zacks Rank

PNM Resources currently carries a Zacks Rank #2 (Buy). Investors can consider another top-ranked stock in the Utility space like IDACORP, Inc. IDA, that carries the same rank as PNM Resources. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

IDACORP posted positive earnings surprise of 8.43% in third-quarter 2017. Its 2017 current year estimates have risen by 2% to $4.08 per share in the last 60 days.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

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Ameren Corporation (AEE): Free Stock Analysis Report
 
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IDACORP, Inc. (IDA): Free Stock Analysis Report
 
PNM Resources, Inc. (Holding Co.) (PNM): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2017_12_12_pnm_resources_issues_outlook_infrastruc Tue, 12 Dec 2017 17:04:00 +0300
<![CDATA[WEC Energy Plans to Raise Quarterly Dividend by 6.25%]]> WEC Energy Group’s WEC board of directors recently announced plans of raising quarterly dividend on its common stock to 55.25 cents per share in the first quarter of 2018. This represents an increase of 3.25 cents per share or 6.25% over the current quarterly rate.

Post the hike, the company’s new annualized dividend will amount to $2.21 per share of common stock, up from 52 cents of common stock distributed earlier. This revised quarterly stock dividend is expected to be payable Mar 1, 2018, to stockholders of record on Feb 14, 2018.

WEC Energy’s Regular Dividends Hikes

Per management, this plan to raise the quarterly dividend is in line with the company's long-term earnings growth objective. Notably, the company expects to witness long-term earnings per share growth at an average annual rate of 5-7%.

WEC Energy has been a consistent performer with its earnings beating the Zacks Consensus Estimate in the trailing four quarters, with an average beat of 3.08%. Meanwhile, this utility has been gaining steadily from increased customers in the last few quarters, which in turn has been boosting its revenue growth. Evidently, at the end of third-quarter 2017, the company gained from an additional of 9,000 electric and 18,000 natural gas customers compared with the year-ago quarter.

Consequently, these gains got translated into substantial earnings growth, which have encouraged it to reward its shareholders by consistent dividend hike  at regular intervals. In this line ,the company hiked annual dividend rate to $2.08 from fourth-quarter 2015 level of $1.98 in Jan 2017, reflecting an increase of 5.1% return value to shareholders. Notably, the company paid $492.4 million in dividends during the first nine months of 2017, an increase of $23.8 million from the same period last year. Moreover, it boasts a dividend yield of 3.04% much higher than the S&P 500’s growth of 1.77%.

Going ahead, the company is currently projecting annual dividends to grow in tandem with earnings and a payout ratio of 65-70%. We anticipate these factors to contribute significantly toward the company’s performance and bode well with its long term strategies as well.

Why are Dividend Hikes Regular for Utilities?

Utilities like WEC Energy, Ameren Corp AEE and Atlantic Power Corporation AT enjoy more or less stable earnings, owing to endless need for electricity and utility services, which primarily drives the revenues of the Utility sector. This helps the stocks in this space to enjoy a steady flow of revenues.

Owing to the nature of steady income generation, these stocks tend to generate consistent profits and reward shareholders with high dividends and WEC Energy is no exception. In line with this, another utility, PNM Resources, Inc. PNM recently announced that its board of directors has approved an annual dividend hike of 9.3% for the company’s common stocks in December 2017. (Read more:PNM Resources Rewards Investors, Ups Annual Dividend by 9.3%)

Price Movement

WEC Energy has outperformed the industry in the last three months. The company’s shares gained 3.9%, compared with the industry’s growth of 0.2%. The outperformance can be attributed to the company’s strong performance owning to increased demand by customer additions.

Zacks Rank & Key Picks

WEC Energy carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Ameren Corporation (AEE): Free Stock Analysis Report
 
WEC Energy Group, Inc. (WEC): Free Stock Analysis Report
 
Atlantic Power Corporation (AT): Free Stock Analysis Report
 
PNM Resources, Inc. (Holding Co.) (PNM): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2017_12_08_wec_energy_plans_to_raise_quarterly_divi Fri, 08 Dec 2017 17:14:00 +0300
<![CDATA[PNM Resources Rewards Investors, Ups Annual Dividend by 9.3%]]> PNM Resources, Inc. PNM recently announced that its board of directors has approved an annual dividend hike of 9.3% for the company’s common stocks.

Notably, the revised quarterly stock dividend of 26.50 cents per share will be payable on Feb 1, 2018, to shareholders on record as of Jan 18, 2018. Post the hike, the company’s new annualized dividend will amount to $1.06 per share of common stock, up from 97 cents per share of common stock distributed earlier.

Dividend Hike – A Common Strategy for Utilities

Utility operators like PNM Resources generate more or less stable earnings, owing to endless need for electricity and utility services, which primarily drives the revenues of the Utility sector. This helps the stocks in this space enjoy a steady flow of revenues.  

As a result of steady flow of uninterrupted income, these stocks tend to generate consistent profits and reward shareholders with high dividends and PNM Resource is no exception. In line with this, another utility, Ameren Corp AEE, rewarded its shareholders with a hike of 4% in its fourth-quarter cash dividend, this October. (Read more:Ameren Rewards Shareholders With Dividend Hike of 4%)

PNM Resources’ Strategic Plans

PNM Resources aims at fulfilling its strategic goal to deliver above industry average dividend growth in the near term. We believe the latest dividend hike approved by its management is indicative of that strategy.

Notably, PNM Resources has been a consistent performer with its earnings beating the Zacks Consensus Estimate in the last four quarters, with an average beat of 10%. Going ahead, the company targets a dividend payout ratio of 50-60% of its ongoing earnings, which depends on the company’s cash generating capability.

At the end of the third quarter, the company generated cash and cash equivalents worth $43.1 million, substantially up from the 2016-end figure of $4.5 million. This indicates the strong cash flow position of the company, which in turn will allow it reward its stakeholders with scrumptious dividend payments. Evidently the company paid dividend worth $58.3 million at the end of third quarter, up 10% from the prior-year period.

We believe the company’s strong cash flow generating capability will aid it to fund incremental dividends and thereby meet its long-term target of payout ratio, as mentioned above.

Price Movement

PNM Resources has outperformed the industry in the last six months. The company’s shares gained 14.6%, compared with the industry’s growth of 4.6%. The outperformance may have been driven by the company’s strong cash generating ability.

Zacks Rank & Key Picks

PNM Resources currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Investors can consider other top-ranked stocks in the Utility space like IDACORP, Inc. IDA and Atlantic Power Corporation AT that carry the same rank as PNM Resources.

IDACORP posted positive earnings surprise of 8.43% in third-quarter 2017. Its 2017 current year estimates have risen to $4.08 per share from $4.00 per share in the last 60 days.

Atlantic Power posted positive earnings surprise of 50% in third-quarter 2017. Its 2017 current year estimates have narrowed to a loss of 22 cents per share from a loss of 27 cents per share in the last 60 days.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Ameren Corporation (AEE): Free Stock Analysis Report
 
IDACORP, Inc. (IDA): Free Stock Analysis Report
 
Atlantic Power Corporation (AT): Free Stock Analysis Report
 
PNM Resources, Inc. (Holding Co.) (PNM): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2017_12_05_pnm_resources_rewards_investors_ups_ann Tue, 05 Dec 2017 16:45:00 +0300
<![CDATA[Ameren (AEE) Misses on Q3 Earnings, Narrows '17 Outlook]]> Ameren Corporation AEE posted third-quarter 2017 earnings from continuing operations of $1.24 per share, missing the Zacks Consensus Estimate of $1.31 by 5.3%. The bottom line also declined 18.4% year over year, primarily due to a change in the timing of interim period revenue recognition at Ameren Illinois Electric Distribution.

Total Revenues

Total revenues of $1,723 million in the reported quarter were down 7.3% year over year owing to lower electric as well as natural gas sales volumes.

Highlights of the Release

Ameren’s total electricity sales in the quarter decreased 1.8% to 21,009 million kilowatt hours (kWh) from 21,398 million kWh in the prior-year quarter. Gas volumes were flat at 29 million dekatherms with the prior-year quarter.

Total operating expenses were $1,142 million, down 2.2% year over year.

Interest expenses were $97 million in line with the year-ago figure.

Ameren Corporation Price, Consensus and EPS Surprise

Ameren Corporation Price, Consensus and EPS Surprise | Ameren Corporation Quote

Financial Condition

Ameren reported cash and cash equivalents of $9 million as of Sep 30 compared with $9 million at 2016 end.

Long-term debt as of Sep 30 was $6,922 million compared with $6,821 million as of Dec 31, 2016.

Cash from operating activities in the nine months of the year was $1,643 million compared with $1,559 million in the prior-year period.

Guidance

Ameren narrowed its 2017 core diluted earnings per share to be in a range of $2.73-$2.87 compared with $2.65-$2.85, guided earlier.

Zacks Rank

Ameren carries a Zacks Rank #4 (Sell).

Peer Releases

Entergy Corporation ETR reported third-quarter 2017 operational earnings of $2.35 per share beating the Zacks Consensus Estimate of $2.24 by 4.9%. The reported number improved 1.7% from the year-ago figure. The company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

DTE Energy Company DTE reported third-quarter 2017 operating earnings per share (EPS) of $1.48, which missed the Zacks Consensus Estimate of $1.53 by 3.3%. Operating earnings also declined 24.5% from the year-ago figure of $1.96. The company holds a Zacks Rank #2 (Buy).

American Electric Power Co., Inc. AEP reported third-quarter 2017 operating EPS of $1.10, missing the Zacks Consensus Estimate of $1.19 by 7.6%. The bottom line also declined 15.4% from $1.30 a year ago. The company carries a Zacks Rank #3.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Ameren Corporation (AEE): Free Stock Analysis Report
 
American Electric Power Company, Inc. (AEP): Free Stock Analysis Report
 
Entergy Corporation (ETR): Free Stock Analysis Report
 
DTE Energy Company (DTE): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2017_11_03_ameren_aee_misses_on_q3_earnings_narr Fri, 03 Nov 2017 18:07:00 +0300
<![CDATA[Ameren (AEE) Misses Q3 Earnings Estimates, Sales Down Y/Y]]> Ameren Corporation AEE is a utility company, which generates and distributes electricity and natural gas to residential, commercial, industrial and wholesale end markets in Missouri and Illinois. This St. Louis-based company has been concentrating on its rate-regulated utilities following its exit from the merchant generation business.

However, the company is subject to volatile commodity prices and stringent environmental regulations, which could negatively impact its margins.
 
Estimate Trend & Surprise History


Investors should note that the third quarter Zacks Consensus Estimate for earnings of $1.31 per share has remained stable over the last seven days.

Coming to the earnings surprise, Ameren Corporation has surpassed the Zacks Consensus Estimate in three of the last four quarters, which have resulted in a positive average surprise of 2.83%.

Zacks Rank: Currently, Ameren Corporation has a Zacks Rank #4 (Sell) but that could change following its third quarter 2017 earnings report which has just released.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Ameren Corporation Price and EPS Surprise

Ameren Corporation Price and EPS Surprise | Ameren Corporation Quote

We have highlighted some of the key details from the just-released announcement below:

Earnings: Ameren Corporation missed earnings estimate. Earnings per share came in at $1.24, compared with the Zacks Consensus Estimate of $1.31.

Revenues: The company’s reported revenues of $1,723, down 7.3% from the year-ago figure.

Key Stats: Total electric sales in the reported quarter declined 1.8% year over year to 21,009 million kilowatthours

Stock Price: It would be interesting to see how the market reacts to the third quarter earnings beat during the trading session today.

Check back later for our full write up on this AEE earnings report later!

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Ameren Corporation (AEE): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2017_11_03_ameren_aee_misses_q3_earnings_estimate Fri, 03 Nov 2017 16:13:00 +0300