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CORRECTING and REPLACING Eversource Energy Declares Common Dividend
Businesswire· 2025-12-03 22:42
HARTFORD, Conn. & BOSTON--([BUSINESS WIRE](https://www.businesswire.com))--Record date in first paragraph of release should read: ...as of the close of business on December 17, 2025.(instead of ...as of the close of business on December 15, 2025).The updated release reads:**EVERSOURCE ENERGY DECLARES COMMON DIVIDEND**The Board of Trustees of Eversource Energy (NYSE:ES) today approved a quarterly dividend of $0.7525 per share, payable on December 31, 2025, to shareholders of record as of the close of busines ...
MDU Resources Announces Public Offering of $200 Million of Shares of Common Stock with a Forward Component
Prnewswire· 2025-12-03 21:57
Core Viewpoint - MDU Resources Group, Inc. has initiated a public offering of $200 million in common stock, with the potential for an additional $30 million, to support various corporate purposes including debt repayment and capital expenditures [1][2]. Offering Details - The offering consists of $200 million in common stock, with underwriters Wells Fargo Securities, BofA Securities, and J.P. Morgan acting as joint lead bookrunners [1]. - MDU Resources plans to grant underwriters an option to purchase up to $30 million in additional shares [1]. - Shares will be sold through various methods including transactions on the New York Stock Exchange and negotiated transactions [1]. Forward Sale Agreements - MDU Resources will enter into forward sale agreements with Wells Fargo Bank, Bank of America, and JPMorgan Chase Bank, agreeing to sell approximately $200 million in shares at an initial forward sale price equal to the underwriters' purchase price [1]. - Settlement of these agreements is expected within 24 months following the offering [1]. Use of Proceeds - MDU Resources will not receive initial proceeds from the forward sellers' sales to underwriters. However, if physical settlement occurs, proceeds will be used for general corporate purposes, including debt repayment, capital expenditures, and acquisitions [1][2]. Company Overview - MDU Resources Group, Inc. is a member of the S&P SmallCap 600 index, providing electric utility and natural gas distribution services to over 1.2 million customers [2]. - The company operates a 3,800-mile natural gas pipeline network, ensuring reliable energy delivery across the Northern Plains [2].
Southern Company Pledges Steady Customer Rates Through 2027
ZACKS· 2025-12-03 17:36
Key Takeaways Southern Company's subsidiary Alabama Power plans to keep customer rates steady through 2027.The utility will delay Lindsay Hill cost adjustments to 2028 and absorb the facility costs in 2027.Southern Company offers tools and programs to help customers manage and understand monthly bills.Amid rising living costs, The Southern Company’s (SO) subsidiary, Alabama Power, has made a significant commitment to maintain a steady rate for customers through 2027. Announced during the Alabama Public Serv ...
CenterPoint Energy: A Particularly Well-Positioned Utility (NYSE:CNP)
Seeking Alpha· 2025-12-03 16:14
Shares of CenterPoint Energy ( CNP ) have been a solid performer over the past year, gaining about 20%. The company has benefited from improved operating performance following meaningful investments in resiliency and reliability. At the same time, growing optimism about potential electricity demand fromOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a ...
CenterPoint Energy: A Particularly Well-Positioned Utility
Seeking Alpha· 2025-12-03 16:14
Shares of CenterPoint Energy ( CNP ) have been a solid performer over the past year, gaining about 20%. The company has benefited from improved operating performance following meaningful investments in resiliency and reliability. At the same time, growing optimism about potential electricity demand fromOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a ...
The Utility Stock That's Actually Exciting
The Motley Fool· 2025-12-03 08:15
Core Viewpoint - NextEra Energy is positioned to deliver exciting total returns, distinguishing itself from typical utility stocks through faster growth and a strong focus on renewable energy [1][6]. Group 1: Company Growth - NextEra Energy has achieved an adjusted earnings per share growth rate exceeding 10% on a compound annual basis over the past three, five, and ten years, significantly outpacing the low-to-mid single-digit growth of its utility sector peers [2][3]. - The company operates the largest electric utility in the U.S., Florida Power & Light, which benefits from being in a rapidly growing state and leveraging Florida's abundant sunshine for solar energy development [3][5]. Group 2: Market Position and Demand - NextEra Energy is well-positioned to capitalize on increasing power demand driven by AI data centers, new manufacturing facilities, and the growing adoption of electric vehicles [5][6]. - The company has a substantial backlog of renewable energy projects planned for completion in the coming years and is set to restart a dormant nuclear energy facility by 2029 [5][6]. Group 3: Financial Outlook - The company is expected to deliver approximately 8% annual earnings-per-share growth through 2027, alongside a double-digit increase in its dividend yield of 2.68% at least through next year [5][6]. - The anticipated growth in power demand, particularly from AI data centers, could further accelerate NextEra Energy's growth rate beyond 2027, enhancing its potential for robust total returns [6].
Electric Utilities And Pinnacle West In A Popping AI Bubble
Seeking Alpha· 2025-12-02 18:33
This article will examine the ways in which the AI bubble popping could impact utilities such as the Utilities Spider ETF (XLU). We will discuss our views on good and bad investments within the utilities sector. Specifically, we think the sector as a whole will do fine and that geographically advantaged utilities like Pinnacle West (PNW) will outperform. (For reference, our last article on PNW was here.) While electric utilities are not part of the AI bubble, they do benefit from the rampant buildout of AI. ...
国网乳山供电:巡查充电设备助力绿色出行
Qi Lu Wan Bao· 2025-12-02 16:13
(曲锐) 12月2日,国网乳山市供电公司银滩供电所组织彩虹共产党员服务队员对乳山市滨海新区银滩旅游度假区 充电桩基地进行巡视巡查,并对周边变压器、充电桩体、显示屏、充电枪头等进行检查维护,及时消除各 类设备隐患,全力保障客户冬季绿色安全出行。 ...
Exelon Prices Offering of $900 Million of 3.25% Convertible Senior Notes due 2029
Businesswire· 2025-12-02 02:40
Core Viewpoint - Exelon Corporation has announced the pricing of its offering of $900 million in 3.25% convertible senior notes due 2029, indicating a strategic move to raise capital through a private placement under the Securities Act of 1933 [1] Group 1 - The total principal amount of the convertible senior notes being offered is $900 million [1] - The notes have a fixed interest rate of 3.25% and are set to mature in 2029 [1] - Exelon has provided initial purchasers of the convertible notes with an option to purchase additional notes within a 13-day period from the issuance date [1]
Morgan Stanley Updates Consolidated Edison (ED) Price Target Amid Sector Headwinds
Yahoo Finance· 2025-11-30 19:17
Group 1: Company Overview - Consolidated Edison, Inc. (NYSE:ED) is recognized as one of the 15 Best Boring Dividend Stocks to Buy, highlighting its stable dividend performance [1] - The company has a long-standing history of increasing its dividend for 51 consecutive years, the longest streak among utilities in the S&P 500 [4] - Consolidated Edison provides electricity, gas, and steam services to customers in the New York City area, contributing to its stable cash flow [4] Group 2: Recent Developments - Morgan Stanley has lowered its price target for Consolidated Edison from $97 to $93 while maintaining an Underweight rating, reflecting sector headwinds [2] - A subsidiary of Consolidated Edison has agreed to sell its approximately 6.6% stake in the Mountain Valley Pipeline to an Ares Management fund for $357.5 million, with the deal expected to close in the first half of 2026 [3] - The proceeds from the sale will be used to partially cover the company's common equity needs for 2026 and for general corporate purposes [4]