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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of National Grid plc - NGG
GlobeNewswire News Room· 2025-07-18 16:00
Core Insights - National Grid plc is under investigation for potential securities fraud and unlawful business practices following a fire incident at Heathrow Airport [1][3] - The fire was attributed to a known fault at an electrical substation owned by National Grid, which the company had been aware of since 2018 but failed to address [3] - Following the news of the investigation and the fire, National Grid's American Depositary Receipt (ADR) price dropped by $3.77, or 5.07%, closing at $70.61 on July 2, 2025 [4] Investigation Details - Pomerantz LLP is leading the investigation on behalf of investors, focusing on the actions of National Grid and its officers/directors [1] - The investigation is prompted by allegations of securities fraud related to the company's failure to rectify known issues with its infrastructure [1][3] Legal Context - The National Energy System Operator (NESO) published a report detailing the findings of the fire investigation, which may lead to legal action from Heathrow Airport against National Grid [3] - Pomerantz LLP has a long history in corporate and securities class litigation, emphasizing its commitment to fighting for victims of corporate misconduct [5]
X @Bloomberg
Bloomberg· 2025-07-18 13:56
Nuclear Energy Development - Kansai Electric 将开始研究核电反应堆计划,这是自 2011 年福岛灾难以来新建核电站的第一步 [1]
CenterPoint Energy maintains readiness to respond to the low-pressure system known as Invest 93L which is mainly impacting Louisiana; may bring some scattered heavy rain and storms to Greater Houston service area
Prnewswire· 2025-07-17 20:42
Core Viewpoint - CenterPoint Energy is actively monitoring a low-pressure system, Invest 93L, which is expected to have limited impact on the Greater Houston area, while maintaining an enhanced staffing plan for potential storm-related outages [1][2][3]. Group 1: Storm Preparedness and Response - CenterPoint Energy's meteorology team is closely tracking Invest 93L and is prepared to implement their enhanced staffing plan if significant impacts occur in the Greater Houston area [3]. - The company has executed a series of resiliency improvements in the Greater Houston area since Hurricane Beryl, including the installation of over 26,000 stronger poles and the undergrounding of more than 400 miles of power lines [4][5]. - CenterPoint has mobilized vegetation management workers to clear hazardous vegetation from power lines and is coordinating with government officials to provide updates on pre-storm activities [5]. Group 2: Customer Communication and Safety - Customers are encouraged to sign up for the Power Alert Service to receive timely updates about outages and restoration efforts via phone, text, or email [8]. - The company promotes safety preparedness among customers, providing storm-related safety tips in multiple languages [9]. - CenterPoint has launched a new cloud-based Outage Tracker to provide real-time updates on outages, which is mobile-friendly and accessible [10]. Group 3: Company Overview - CenterPoint Energy, Inc. serves approximately 7 million metered customers across multiple states and has approximately $44 billion in assets as of March 31, 2025 [11].
MDU Resources to Webcast Second Quarter 2025 Earnings Conference Call
Prnewswire· 2025-07-17 20:30
Group 1 - MDU Resources Group, Inc. will host a webcast for its second quarter 2025 earnings conference call on August 7 at 2 p.m. ET, with results released before U.S. markets open that day [1] - The webcast can be accessed through the company's website under the "Investors" section, and a replay will be available after the event [1] Group 2 - 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 in the Pacific Northwest and Midwest [2] - The company operates a natural gas pipeline network exceeding 3,800 miles, ensuring reliable energy delivery across the Northern Plains [2] - MDU Resources has a legacy of over a century and focuses on delivering safe, reliable, affordable, and environmentally responsible energy solutions [2]
Want Steady Income? 3 Top Dividend Stocks for July 2025
MarketBeat· 2025-07-17 18:26
Core Viewpoint - The article emphasizes the importance of dividend stocks as a reliable investment option for risk-averse investors during earnings season, highlighting companies with a strong history of paying and growing dividends as attractive choices for generating steady cash flow [1]. Group 1: Johnson & Johnson - Johnson & Johnson has a dividend yield of 3.16% and an annual dividend of $5.20, with a remarkable dividend increase track record of 64 years [4]. - The company has increased its dividend by over 4% in the last two years, maintaining a payout ratio of 57.84%, which is better than the sector median average of 2% [5]. - Despite ongoing lawsuits and inflation concerns, Johnson & Johnson's stock is trading at an attractive valuation, although it has been in a consolidation pattern since early April [6]. Group 2: Verizon Communications - Verizon Communications offers a high dividend yield of 6.61% with an annual dividend of $2.71 and a dividend increase track record of 20 years [8]. - The company has delivered a total return of 47.14% over the last 10 years, with an above-average total return of over 8% in the last 12 months, attributed to reduced capital expenditures during the 5G rollout [10]. - Verizon's stock is currently trading at around 9x forward earnings, which is a substantial discount to its historical average, with analyst forecasts suggesting a price target 14% above its closing price on July 15 [11]. Group 3: Duke Energy - Duke Energy has a dividend yield of 3.55% and an annual dividend of $4.18, with a dividend increase track record of 20 years [12]. - The company is undertaking a significant capital expenditure plan exceeding $65 billion to modernize its electrical grid and invest in solar and energy storage [13]. - Analysts forecast mid- to high-single-digit earnings per share (EPS) growth, supported by favorable legislation in North Carolina, although the company has a debt-to-equity ratio of 1.57%, which is elevated by historical standards [14].
JCP&L Begins Work to Boost Reliability for Thousands in Ocean and Burlington Counties
Prnewswire· 2025-07-17 18:06
Core Points - Jersey Central Power & Light (JCP&L) is preparing for infrastructure upgrades in central New Jersey to enhance the regional power grid and improve service reliability for residents and businesses in Ocean and Burlington counties [1][2] - The project involves clearing brush along 14 miles of right-of-way for new utility poles to support a high-voltage power line, which will improve electricity delivery efficiency and provide backup power [2][4] - Construction is set to begin in early September 2025, utilizing helicopters for installation in hard-to-access areas, minimizing landscape disruption and enhancing worker safety [3][4] - The project is part of FirstEnergy's Energize365 program, which plans to invest $28 billion from 2025 to 2029 to create a smarter and more secure grid [5] Company Overview - JCP&L serves approximately 1.1 million customers across multiple counties in New Jersey [6] - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving over six million customers across several states and managing around 24,000 miles of transmission lines [7]
Here's Why Dominion Energy (D) is a Strong Value Stock
ZACKS· 2025-07-17 14:41
Company Overview - Dominion Energy Inc. is a major energy company based in Richmond, VA, engaged in regulated and non-regulated electricity distribution, generation, and transmission businesses [11] - The company was founded in 1909 and also sells electricity at wholesale prices to rural electric cooperatives, municipalities, and through wholesale electricity markets [11] Investment Ratings - Dominion Energy holds a Zacks Rank of 2 (Buy) and has a VGM Score of B, indicating strong potential for investors [12] - The company has a Value Style Score of B, supported by attractive valuation metrics such as a forward P/E ratio of 16.85, making it appealing to value investors [12] Earnings Estimates - For fiscal 2025, two analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing to $3.39 per share [12] - Dominion Energy has an average earnings surprise of +7.4%, suggesting a positive trend in earnings performance [12] Investment Recommendation - With a solid Zacks Rank and top-tier Value and VGM Style Scores, Dominion Energy is recommended for investors looking for strong investment opportunities [13]
NATIONAL GRID ALERT: Bragar Eagel & Squire, P.C. Launches Investigation into National Grid plc on Behalf of National Grid Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-07-16 23:46
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against National Grid plc for possible violations of federal securities laws and unlawful business practices following a fire incident at Heathrow Airport linked to the company [2][3]. Group 1: Incident Overview - On July 1, 2025, the National Energy System Operator published a report indicating that a fire at Heathrow Airport on March 20, 2025, was caused by a known fault at an electrical substation owned by National Grid, which had been aware of the issue since 2018 but did not address it [3]. - Following the report, Heathrow Airport is reportedly considering legal action against National Grid [3]. Group 2: Market Reaction - The news of the incident and subsequent investigation led to a decline in National Grid's American Depositary Receipt (ADR) price, which fell by $3.77, or 5.07%, closing at $70.61 per ADR on July 2, 2025 [4]. Group 3: Legal Representation - Bragar Eagel & Squire, P.C. is reaching out to National Grid stockholders who may have suffered losses and encourages them to discuss their legal rights [1][5].
Can Franchise Agreement Help NEE to Continue Its Dominance in Florida?
ZACKS· 2025-07-16 15:15
Core Insights - NextEra Energy, Inc. (NEE) has established a strong position in Florida's utility market through its subsidiary Florida Power & Light Company (FPL), supported by long-term franchise agreements with municipalities that provide exclusive electric service rights [1][2][3] Group 1: Franchise Agreements - FPL holds 226 franchise agreements with municipalities and counties in Florida, which are set to expire at various dates up to 2054, covering the majority of its retail customers [2] - These agreements create a legal framework that allows FPL to access public rights-of-way in exchange for franchise fees, incentivizing municipalities to renew them for mutual benefits [2][3] - The long-term nature of these contracts provides NextEra with a regulatory moat, reducing competition from alternative power providers [3][5] Group 2: Infrastructure and Growth - NextEra leverages its municipal relationships to modernize infrastructure, including grid upgrades and clean energy initiatives, aligning with state and federal decarbonization goals [4][5] - The franchise agreements contribute to a stable operating environment, enabling planned maintenance and efficient capital investment, which enhances reliability and reduces outages [6] Group 3: Financial Performance - NextEra projects an annual earnings per share (EPS) growth of 6-8% through 2027, supported by the stability provided by franchise agreements [9][11] - The Zacks Consensus Estimate for NEE's 2025 EPS is projected to be between $3.45 and $3.70, indicating a year-over-year growth of 7.3% [11] - NextEra's trailing 12-month return on equity (ROE) stands at 12.06%, outperforming the industry average of 10.41%, indicating efficient use of shareholders' equity [13]
NextEra Energy (NEE) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-07-16 15:07
The market expects NextEra Energy (NEE) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...