Welcome!

News Feed Item

Stock Movements, Public Offerings, and Financial Results - Analyst Notes on MDU Resources, UGI, Vectren, ALLETE, and Avista

NEW YORK, March 7, 2014 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts Review released its analysts' notes regarding MDU Resources Group Inc. (NYSE: MDU), UGI Corp. (NYSE: UGI), Vectren Corporation (NYSE: VVC), ALLETE, Inc. (NYSE: ALE), and Avista Corp. (NYSE: AVA). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register

MDU Resources Group Inc. Analyst Notes

On March 4, 2014, MDU Resources Group Inc.'s (MDU Resources) stock increased 1.04%, ending the day at $33.90. Over the previous three trading sessions, shares of MDU Resources declined 0.59%, compared to the Dow Jones Industrial Average which advanced 0.76% during the same period. The full analyst notes on MDU Resources Group Inc. are available to download free of charge at:

http://www.AnalystsReview.com/03052014/MDU/report.pdf

UGI Corp. Analyst Notes

On March 4, 2014, UGI Corp.'s (UGI) stock increased 0.84%, ending the day at $44.67. Over the previous three trading sessions, shares of UGI increased 0.70%, compared to the Dow Jones Industrial Average which gained 0.76% during the same period. The full analyst notes on UGI Corp. are available to download free of charge at:

http://www.AnalystsReview.com/03052014/UGI/report.pdf

Vectren Corporation Analyst Notes

On February 19, 2014, Vectren Corporation (Vectren) reported its financial results for Q4 2013 and full year 2013. The Company reported annual consolidated net income of $136.6 million, or $1.66 per diluted share, versus net income of $159.0 million, or $1.94 per diluted share in full year 2012. According to the Company, Utility Group earnings were $141.8 million in full year 2013, versus $138.0 million in full year 2012; while Nonutility Group earnings were $33.0 million in full year 2013, (not including the results of ProLiance), versus earnings of $21.7 million in full year 2012. Q4 2013 consolidated net income was $49.8 million, or $0.60 per diluted share, versus net income of $42.8 million, or $0.52 per diluted share, in Q4 2012. Full year 2013 operating revenues were reported to be $2.5 billion, up 11.6% YoY; while quarterly revenues increased 5.6% YoY to $680.0 million. The Company stated that for full year 2014, it anticipates consolidated earnings of $2.15 to $2.35 per share. The full analyst notes on Vectren Corporation are available to download free of charge at:

http://www.AnalystsReview.com/03052014/VVC/report.pdf

ALLETE, Inc. Analyst Notes

On February 26, 2014, ALLETE, Inc. (ALLETE) announced the pricing of an underwritten public offering of 2.8 million shares of its common stock at $49.75 per share in connection with the forward sale agreement. The Company informed that the size of the offering was increased from the previously announced 2.5 million shares. ALLETE stated that together with this offering, the underwriters have been granted an option to purchase an additional 420,000 shares of the Company's common stock solely to cover over-allotments, if any. The Company added that it plans to use net proceeds from settlement of the forward sale agreement or upon issuance and sale to the underwriters of shares for corporate purposes, including capital investments. ALLETE informed that J.P. Morgan and Baird are acting as joint book-running managers for the offering, and RBC Capital Markets and Wells Fargo Securities are acting as co-managers for the offering. The Company further stated that it entered into a forward sale agreement in connection with the offering with an affiliate of J.P. Morgan (the Counterparty) under which the Company agrees to sell to the Counterparty the same number of shares of the Company's common stock sold by an affiliate of the Counterparty to the underwriters for sale in the underwritten public offering. The full analyst notes on ALLETE, Inc. are available to download free of charge at:

http://www.AnalystsReview.com/03052014/ALE/report.pdf

Avista Corp. Analyst Notes

On February 26, 2014, Avista Corp. (Avista) reported its financial results for Q4 2013 and full year 2013.

The Company declared net income attributable to Avista shareholders of $111.1 million, or $1.85 per diluted share, for full year 2013, versus $78.2 million, or $1.32 per diluted share, for full year 2012. For Q4 2013, net income attributable to Avista shareholders was $31.7 million, or $0.53 per diluted share, versus $15.9 million, or $0.26 per diluted share, for Q4 2012. Full-year 2013 operating revenues increased 4.6% YoY to $1.6 billion, while quarterly operating revenues grew to $447.7 million, up 9.0% YoY. Avista Chairman, President and CEO Scott Morris, commented, "We had a very good year in 2013, with utility earnings above our expectations, and significant improvement at Ecova as compared to 2012." He added, "Lastly, we are confirming our 2014 earnings guidance with a consolidated range of $1.77 to $1.97 per diluted share. This excludes any impact from the planned acquisition of AERC." The full analyst notes on Avista Corp. are available to download free of charge at:

http://www.AnalystsReview.com/03052014/AVA/report.pdf


About Analysts Review
We provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.


=============

EDITOR NOTES:

  • This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  • Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  • This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  • If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] AnalystsReview.com.
  • For any urgent concerns or inquiries, please contact us at compliance [at] AnalystsReview.com.
  • Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] AnalystsReview.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review. An outsourced research services provider represented by Nidhi Vatsal, CFA, has only reviewed the information provided by Analysts Review in this article or report according to the Procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

http://www.AnalystsReview.com/

SOURCE Analysts Review

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
"We formed Formation several years ago to really address the need for bring complete modernization and software-defined storage to the more classic private cloud marketplace," stated Mark Lewis, Chairman and CEO of Formation Data Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Most organizations prioritize data security only after their data has already been compromised. Proactive prevention is important, but how can you accomplish that on a small budget? Learn how the cloud, combined with a defense and in-depth approach, creates efficiencies by transferring and assigning risk. Security requires a multi-defense approach, and an in-house team may only be able to cherry pick from the essential components. In his session at 19th Cloud Expo, Vlad Friedman, CEO/Founder o...
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.