Posts for Ticker ‘AEP’

Analyst Looks More Positive on Utilities (AEP, DUK, EXC, PCG, PEG, UTL, XEL, ED, FPL, PNW, PGN, SCG, SO, IDU)

Power Lines ImageOppenheimer is making a new call in the utility sector.  It looks a bit mixed between positive and somewhat cautious calls this morning, but it is important to note that many of these utilities are still in the lower half of the trading range of their last 52-weeks and some are significantly off of highs.

The new OUTPERFORM rated stocks are American Electric Power Co., Inc. (NYSE: AEP), Duke Energy Corporation (NYSE: DUK), Exelon Corporation (NYSE: EXC), PG&E Corp. (NYSE: PCG), Public Service Enterprise Group Inc. (NYSE: PEG), UNITIL Corporation (NYSE: UTL), Xcel Energy Inc. (NYSE: XEL).

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Posted on: June 30, 2009 – 7:39 am in Analyst Calls, Utilities, , , , , , , , , , , , , ,

Another Utility Misses Estimates (ETR, D, AEP, CHK)

power-lines-imageEntergy Corporation (NYSE:ETR) joined the ranks of electricity generators that haven’t been able to reach consensus estimates for the first quarter of 2009.The company’s results resemble the earlier reports from Dominion Resources, Inc. (NYSE:D) and American Electric Power Co. Inc. (NYSE:AEP), where lower demand, especially from industrial customers, really hurt sales.

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Posted on: May 4, 2009 – 8:11 am in Earnings, Utilities, , , ,

AEP Doubling Renewable Energy Targets (AEP)

power-lines-image3American Electric Power (NYSE: AEP) is increasing its push into renewable and alternative energy with a fairly lofty goal on the surface.  The utility with more than 5 million customers over 11 states is now doubling its goal of to now add 2,000 MW by the end of 2011.  This will bring the company’s total renewable energy portfolio to more than 2,600 MW by the end of 2011. AEP’s goal does come with regulatory support and is 1 of 12 new targets announced by the company.
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Posted on: April 28, 2009 – 9:42 am in Alternative Energy, Green Biz, Utilities,

Earlybird Analyst Upgrades & Downgrades (AEP, CME, FNFG, KFT, LSTR, RGLD, SD, SBUX, TRI)

We still have well over two-hours until the opening bell this Thursday morning.  So far we have seen many select upgrades and downgrades from Wall Street analysts.  Here is what we have seen so far:

American Electric (NYSE: AEP) Raised to Overweight at JPMorgan.
CME Group Inc. (NYSE: CME) Cut to Market Perform at William Blair.
First Niagara Financial Group Inc. (NASDAQ: FNFG) Raised to Outperform at KBW.
Kraft Foods (NYSE: KFT) Cut to Neutral at UBS.
Landstar System Inc. (NASDAQ: LSTR) Cut to Neutral at Baird.
Royal Gold (NASDAQ: RGLD) Raised to Sector Perform at CIBC.
SandRidge Energy, Inc. (NYSE: SD) started as Buy at SunTrust Robinson.
Starbucks (NASDAQ: SBUX) Cut to Neutral at UBS.
Thomson Reuters (NYSE: TRI) Cut to Sell at Goldman Sachs.

Jon C. Ogg

Posted on: April 16, 2009 – 6:14 am in Analyst Calls, , , , , , , , ,

Top Analyst Upgrades (ANF, AEP, BUCY, EXR, IFX, JOYG, LPL, TWX, UTHR, WYNN)

These are some of the top pre-market analyst upgrades and positive research calls we have seen from all Street this Monday morning:

Abercrombie & Fitch (ANF) Started as Buy at Brean Murray.
American Electric (AEP) Raised to Buy at KeyBanc Capital.
Bucyrus (BUCY) Raised to Neutral at JPMorgan.
Extra Space Storage (EXR) Raised to Buy at Citigroup.
Infineon (IFX) Raised to Buy at UBS.
Joy Global (JOYG) Raised to Neutral at JPMorgan.
LG Display (LPL) Started as Buy at Collins Stewart.
Time Warner Cable (TWC) Raised to Buy at Collins Stewart.
United Therapeutics (UTHR) Started as Buy at Lazard Capital Markets.
Wynn Resorts (WYNN) Raised to Buy at UBS.

JON C. OGG

Posted on: April 6, 2009 – 7:40 am in Analyst Calls, , , , , , , , , ,

The “Green” Hypocrisy: America’s Corporate Environment Champions Pollute The World

oil1 “Green is green as in the color of money”
- Brand director of General Electric, Brandweek, July 26, 2006

“Greenwashing” is the act of misleading the public regarding the environmental practices of a company or the environmental benefits of a product, service, or business line.  Due to the public’s increased awareness of environmental issues, including global warming, deforestation, and the loss of endangered species, greenwashing has become a staple of corporations marketing efforts.  All of the companies in this article have made some effort to address these concerns.  Some of them appear to be trying harder than others, and even a few of them have made legitimate efforts to become responsible corporate stewards of the environment.  Evidenced by the support of environmental groups and corporate responsibility professionals, many of these companies’ green initiatives have made a positive impact. Read More »

Posted on: April 2, 2009 – 2:56 am in Green Biz, , , , , , , , , ,

The Unemployment Crossroads

bear30Last month unemployment hit 8.1%. Of course, the figure was not uniform across the country. Seven states posted double-digit figures. But, in Wyoming, less than 4% of the population is out of work. The February number was based on 651,000 people being pushed out of their jobs during the month. With the March jobs report only a few days away, the debate is whether the rate at which the economy is causing people to lose work will stay on a 600,000 to 700,000 pace or whether the job loss is slowing and whether the US will avoid a nationwide unemployment rate of 10%. Read More »

Posted on: March 31, 2009 – 4:06 am in Economy, ,

AEP Double Stumble: Stock Offering & Earnings Warning (AEP)

burning-money-pic38American Electric Power (NYSE: AEP) has done a dual dig on itself after the close, and it was on top of a bad market day.  The company has just lowered earnings guidance and its cap-ex guidance, while simultaneously announcing the pricing of a securities offering.
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Posted on: March 30, 2009 – 3:25 pm in Earnings Warning, Secondary Offering, Utilities,

FirstEnergy Reports Falling Demand (FE, AEP)

power-lines-imageFirstEnergy Corporation (NYSE:FE) reported 2008  EPS of $4.38, higher than anticipated EPS of $4.33. Revenue for the year also beat expectations, coming in at $14.6 billion compared with average estimates of $14.51 billion.  What may be more interesting than the earnings is the trends in usage.
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Posted on: February 24, 2009 – 9:45 am in Earnings, Utilities, ,

Beacon Power Gets a Grid Connection (BCON, AEP, NGG)

In a deal that is more valuable for demonstration purposes than for real income, Beacon Power Corporation (NASDAQ:BCON) will install a 1-megawatt flywheel-based frequency regulation facility at an American Electric Power Corporation, Inc. (NYSE:AEP) site in Ohio. The new facility will provide regulation services directly to regional transmission organization, PJM Interconnection.
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Posted on: February 23, 2009 – 9:56 am in Alternative Energy, Green Biz, Utilities, , ,

Electric Utilities See the Value in the Pipes (AEP, AYE, BRK/A)

Power_lines_picAmerican Electric Power Company (NYSE:AEP) expects to increase the company’s profit by building new power transmission lines. The company plans to spend more than $7 billion to add new high-voltage lines in Texas, the Midwest, and the Washington, D.C. area.  Allegheny Electric Inc. (NYSE:AYE) is a partner in the expansion intoWashington, and Warren Buffet’s Berkshire Hathaway Inc. (NYSE: BRK-A) unit MidAmerican Energy Holdings is joiningAEP in Texas.

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Posted on: January 26, 2009 – 12:51 pm in Utilities, , ,

Electricity Use Falling–So Are Share Prices (DUK, DYN, AEP)

Electricity_imageJust as with natural gas and crude oil, electricity use is off as the economy heads into its second year of recession. The lack of demand for electricity affects the bottom line for generators like Duke Energy (NYSE:DUK), Dynegy Inc. (NYSE:DYN), and American Electric Power (NYSE:AEP).

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Posted on: December 2, 2008 – 8:18 am in Utilities, , ,

Top Pre-Market Analyst Upgrades (AEP, CREE, DRI, GPS, KEY, MFE, ORCL, SONC, YUM)

These are some of the upgrades and positive calls from analysts we have seen affecting shares this Friday morning:

  • American Electric Power (AEP) Raised to Buy at Piper Jaffray.
  • Cree (CREE) Raised to Outperform at Oppenheimer.
  • Darden (DRI) Started as Overweight at Thomas Weisel.
  • Gap Inc. (GPS) Raised to Buy at Goldman Sachs.
  • KeyCorp (KEY) Raised to Sector Perform at RBC.
  • McAfee (MFE) Raised to Market Perform at FBR.
  • Oracle (ORCL) Raised to Buy at Piper Jaffray.
  • Sonic (SONC) Started as Overweight at Thomas Weisel.
  • YUM Brands (YUM) Started as Overweight at Thomas Weisel.

Jon C. Ogg
September 19, 2008

Posted on: September 19, 2008 – 6:43 am in Analyst Calls, , , , , , , , ,

The 52-Week Low Club (AKNS, AEP, CCRT, EIX, GGP, LYTS, PMII, SPRD)

52_week_low_imageToday was an interesting ride in the 52-week low club after we have seen very volatile markets.  While oil fell $1.00 and while the S&P, NASDAQ, and DJIA were up most of the day, there were plenty of stocks gracing the 52-week lows:

  • Akeena Solar, Inc. (AKNS)… down in sympathy with others, more speculative name in solar.

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Posted on: August 14, 2008 – 2:35 pm in HI/LOW, , , , , , , ,

Top Pre-Market Analyst Downgrades (AEP, DOV, GS, HWCC, ITT, LXK, TYC, UTHR, WYNN)

These are some of the key analyst downgrades or negative calls we are seeing this Tuesday morning:

  • American Electric Power (AEP) Cut to Neutral at JPMorgan.
  • Dover (DOV) Cut to Neutral at JPMorgan.
  • Goldman Sachs (GS) Cut to Hold at Deutsche Bank.
  • Houston Wire & Cable (HWCC) Cut to Neutral at Piper Jaffray.
  • ITT Corp. (ITT) Cut to Underweight at JPMorgan.
  • Lexmark (LXK) Started as Underperform at Credit Suisse.
  • Tyco International (TYC) Cut to Neutral at JPMorgan.
  • United Therapeutics Corp. (UTHR) Started as Sell at Piper Jaffray.
  • Wynn Resorts (WYNN) Cut to Neutral at JPMorgan.

Jon C. Ogg
August 12, 2008

Posted on: August 12, 2008 – 6:29 am in Analyst Calls, , , , , , , , ,

Top Pre-Market Analyst Downgrades (AEP, CLNE, HTZ, IHG, QLGC, SPWR, SYMM, VAR)

These are not all of the analyst downgrades or negative calls, but these are some of the calls we are seeing with a possible impact on shares early Monday morning:

  • American Electric Power (AEP) Cut to Neutral at JPMorgan.
  • Clean Energy Fuels (CLNE) Cut to Buy from Strong buy at Broadpoint.
  • Hertz Global (HTZ) Cut to Neutral at JPMorgan.
  • Intercontinental Hotels Group (IHG) Cut to Neutral at UBS.
  • QLogic (QLGC) Cut to Hold at Citigroup.
  • SunPower (SPWR) Cut to Neutral at UBS.
  • Symmetricom (SYMM) Cut to Market Perform at Morgan Keegan.
  • Varian Medical (VAR) Cut to Hold at Citigroup.

Jon C. Ogg
August 11, 2008

Posted on: August 11, 2008 – 6:09 am in Analyst Calls, , , , , , , ,

Top 10 Pre-Market Analyst Calls (AKAM, AEP, AAPL, BIDZ, CHINA, FMD, LVLT, PNRA, CRM, SPLS)

These are ten of the analyst calls we are focusing on this Thursday morning:

  • Akamai Tech (NASDAQ: AKAM) cut to Sell at Goldman Sachs.
  • American Electric Power (NYSE: AEP) Cut to Hold From Buy at Jefferies.
  • Apple (NASDAQ: AAPL) started as Outperform at Oppenheimer.
  • Bidz.com (NASDAQ: BIDZ) Started as Buy at Merriman Curhan Ford.
  • CDC (NASDAQ: CHINA) Cut to Neutral From Buy at Piper Jaffray.
  • First Marblehead (NYSE: FMD) Raised to Market Perform at FBR.
  • Level 3 Communications (NASDAQ: LVLT) Raised to Market Perform from Underperform at Wachovia.
  • Panera Bread (NASDAQ: PNRA) Started as Buy at Jefferies.
  • Salesforce.com (NYSE: CRM) Raised to Buy From Hold at Jefferies.
  • Staples (NASDAQ: SPLS) Started as Buy at Citigroup.

Jon C. Ogg
May 22, 2008

Posted on: May 22, 2008 – 6:40 am in Analyst Calls, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ACS, AEP, CPN, CVX, CTXS, F, POT, SYMC, THC, WB)

These are not all of the analyst calls, but these are ten of the top calls affecting shares this morning:

  • Affiliated Computer Services (NYSE: ACS) Raised to Buy from Neutral at Goldman Sachs.
  • American Electric Power (NYSE: AEP) Raised to Buy from Neutral at Banc Of America.
  • Calpine (NYSE: CPN) cut to Hold at Jefferies & Co.
  • Chevron Corp. (NYSE: CVX) Raised to Buy from Neutral at Goldman Sachs.
  • Citrix Systems (NASDAQ: CTXS) Started as Overweight at Thomas Weisel.
  • Ford (NYSE: F) Raised to Hold from Sell at Citigroup.
  • Potash Corp. of Saskatchewan (NYSE: POT) cut to Outperform from top Pick at RBC Capital Markets.
  • Symantec (NASDAQ: SYMC) Cut to Market Perform at Morgan Keegan.
  • Tenet Healthcare (NYSE: THC) cut to Hold at Deutsche Bank.
  • Wachovia (NYSE: WB) Raised to Buy from Hold at Deutsche Bank.

Jon C. Ogg
April 29, 2008

Posted on: April 29, 2008 – 6:39 am in Analyst Calls, , , , , , , , , ,

The Business Day In Global Warming (AEP, ARSC, SPLS, AKNS, JNPR, PWER, MCEL, YGE)

We noted ourselves today how some of these ethanol stocks are trading at new 52-week lows again.  Some of these are hitting new stock lows each day.  Some Ethanol Names Drowning In Their Own Tanks (USBE, PEIX, VSE, AVR)

American Electric Power (NYSE: AEP) subsidiary Appalachian Power Co. has signed a long-term power purchase agreement for renewable wind energy with Camp Grove Wind Farm LLC, a wind project majority owned by Orion Energy Group LLC.

American Security Resources Corporation (OTCBB:ARSC) subsidiary, American Hydrogen Corporation (“AHC”), has shipped samples of its proprietary ammonia catalytic electrolyzer (ACE) to a European company specializing in catalysts for the fuel cell industry.

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Posted on: September 24, 2007 – 12:43 pm in Alternative Energy, , , , , , , , , , , , , ,

Top Earnings Next Week: July 30 & 31 (APC, FPL, HUM, MNST, OSTK, RSH, SUNW, VZ, AEP, ADP, AVR, BWLD, CMG, COH, RIO, FSLR, GM, IACI, IMCL, NVT, NMX, RNWK, RUTH, SIRI, UA, WFMI)

MONDAY, JULY 30, 2007
ABN AMRO (ABN)
Anadarko Petroleum Corp. (APC)
Archer Daniels Midland (ADM)
Cameco (CCJ)
FPL Group (FPL)
HSBC Holdings (HBC)
Humana (HUM)
Monster Worldwide (MNST)
Overstock.com (OSTK)
RadioShack Corp. (RSH)
Simon Property (SPG)
Statoil (STO)
Sun Microsystems (SUNW)
Principal Financial Group (PFG)
Tyson Foods (TSN)
Verizon (VZ)
Wm Wrigley (WWY)

TUESDAY, JULY 31, 2007
Alcan (AL)
American Capital Strategies (ACAS)
American Electric Power    (AEP)
Aon Corporation    (AOC)
Automatic Data Processing (ADP)
Aventine Renewable Energy (AVR)
Avon Products (AVP)
Buffalo Wild Wings, Inc. (BWLD)
CBS Corp. (CBS)
Chipotle Mexican Grill (CMG)
Coach, Inc. (COH)
Companhia Vale do Rio Doce-CVRD    (RIO)
Crown Castle International (CCI)   
CryoLife, Inc. (CRY)
Denny’s Corp. (DENN)
DreamWorks Animation SKG (DWA)
Encore Acquisition Company (EAC)
FEI Company (FEIC)
First Solar (FSLR)
Fresh Del Monte (FDP)
Gartner (IT)
General Cable Corp. (BGC)
General Motors (GM)
Headwaters Inc. (HW)   
IAC/Interactive (IACI)
ImClone Systems (IMCL)
IndyMac Bancorp    (IMB)
Liz Claiborne (LIZ)
Marathon Oil (MRO)
MetLife Inc. (MET)
NAVTEQ Corp. (NVT)
NCR Corp. (NCR)
Nicor Inc. (GAS)
Northwest Airlines (NWA)
NYMEX Holdings (NMX)
PMI Group (PMI)
RealNetworks (RNWK)
RenaissanceRe Holdings (RNR)
Ruth’s Chris Steak House (RUTH)
SiRF Tech (SIRF)   
Sirius Satellite Radio (SIRI)
St. Joe Company    (JOE)
Trimble Navigation (TRMB)
Tupperware Brands (TUP)
Turbochef (OVEN)
Under Armour (UA)
Valero Energy (VLO)
Vornado Realty Trust (VNO)
Waste Industries (WWIN)
Waste Management (WMI)
Watts Water Tech (WTS)
WebMD Health (WBMD)   
Whole Foods Market (WFMI)

We will be following up with many of these individually over the weekend and early in the week with full earnings previews.  Have a great weekend.

-The 24/7 Wall St., LLC team

Posted on: July 27, 2007 – 3:43 pm in Calendar, Earnings, , , , , , , , , , , , , , , , , , , , , , , , , ,