Blue-chip stocks are mixed in intraday trading following news that credit-rating agency Standard & Poor’s upgraded its outlook for the U.S. government from “negative” to “stable.” With roughly an hour left in the trading session, the Dow Jones Industrial Average (DJINDICES: ^DJI ) is up nine points, or 0.06%.
On an otherwise quiet day in terms of economic news, many investors are casting their eyes across the Pacific Ocean to Japan, where stocks have been particularly volatile of late. This trend started at the end of last year when a new government took over, vowing to revive the long-dormant economy. Since then, the nation’s central bank has undertaken an aggressive monetary policy designed to reignite inflation and spur economic growth.
While early indications suggest that the move is working — the yen has fallen in value relative to the dollar, and inflation is beginning to tick up — an unintended, though not unexpected, consequence has been the artificial inflation of asset prices. As I’ve noted, the country’s benchmark stock index shot up by 80% beginning last November, only to mount an aggressive correction last month. Today, it closed higher by 5% — a massive single-day move for a market of Japan’s size.
Top Dividend Stocks To Invest In Right Now: PetroChina Company Limited(PTR)
PetroChina Company Limited produces and distributes oil and gas in the People?s Republic of China. It operates in four segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The Exploration and Production segment explores, develops, produces, and markets crude oil and natural gas, oilsands, and coalbed methane. As of December 31, 2010, it had 11,278 million barrels of proved reserves of crude oil; and 65,503 billion cubic feet of proved reserves of natural gas. The Refining and Chemicals segment engages in the refining of crude oil and petroleum products; and production and marketing of petrochemical products, derivative petrochemical products, and other chemical products. This segment?s product line comprises processed crude oil, gasoline, kerosene, diesel, ethylene, synthetic resins, synthetic fiber materials, polymers, synthetic rubber, and urea. The Marketing segment involves in the marketing of refined products and tradi ng businesses. It operated 17,996 service stations. The Natural Gas and Pipeline segment engages in the transmission of natural gas, crude oil, and refined products; and the sale of natural gas. It had a total length of 56,840 kilometers (km) of oil and gas pipelines, including 32,801 km of natural gas pipelines, 14,782 km of crude oil pipelines, and 9,257 km of refined product pipelines. The company was founded in 1988 and is headquartered in Beijing, the People?s Republic of China. PetroChina Company Limited is a subsidiary of China National Petroleum Corporation.
- [By Chris Mydlo]
PetroChina Co. Ltd. (PTR) is trading at its 10-year low P/S ratio of 0.60. The company produces and sells oil and gas in China. It is held by eight gurus we follow.
- [By MARKETWATCH]
HONG KONG (MarketWatch) — Hong Kong stocks opened higher on Tuesday, as global investors look ahead to U.S. Federal Reserve Chairwoman Janet Yellen’s first public remarks later in the day. The Hang Seng Index (HK:HSI) rose 0.7% to 21,722.66. Asia’s largest oil and gas company — PetroChina Co. Ltd (HK:857) (PTR) — climbed 2%, after the company said it has found a large natural-gas reserve in China’s southwestern Sichuan basin, with 308 cubic meters of technically recoverable gas. Cnooc Ltd. (HK:883) (CEO) , China’s largest offshore oil and gas producer, jumped 3.3%, while top refiner China Petroleum & Chemical Corp. (HK:386) (SNP) also added 1.6%. Oilfield-equipment shares also benefited from the rally, as China Oilfield Services Ltd. (HK:2883) (CHOLF) gained 1.7%. Huadian Fuxin Energy Corp. Ltd. (HK:816) , the renewable-energy unit of Chinese state-owned power giant China Huadian Corp., jumped 3.2%, after the company said last week it had raised 1.18 billion Hong Kong dollars (about $152 million) through a sale of shares to institutional investors. Waste-management and energy company China Everbright International Ltd. (HK:257) (CHFFF) advanced 2.4%, and China Datang Renewable Power Co. Ltd. (HK:1798) tacked on
- [By GuruFocus]
PetroChina Co. Ltd. (PTR) Reached the 52-Week Low of $99.78
The prices of PetroChina Co. Ltd. (PTR) shares have declined to close to the 52-week low of $99.78, which is 31.4% off the 52-week high of $144.23. PetroChina Co. Ltd. is owned by eight Gurus we are tracking. Among them, three have added to their positions during the past quarter. Four reduced their positions. PetroChina was established as a joint stock company on Nov. 5, 1999. Petrochina Co. Ltd. has a market cap of $182.62 billion; its shares were traded at around $99.78 with a P/E ratio of 11.40 and P/S ratio of 0.49. The dividend yield of Petrochina Co. Ltd. stocks is 4.23%. Petrochina Co. Ltd. had an annual average earnings growth of 6.90% over the past 10 years. GuruFocus rated Petrochina Co. Ltd. the business predictability rank of 3.5-star.
- [By Jonathan Yates]
It was recently disclosed that Buffett had invested billions in Exxon Mobil (NYSE: XOM). Previous purchases include ConocoPhillips (NYSE: COP) and PetroChina (NYSE: PTR), among others. Buffett sold out of PetroChina and recently reduced his position in ConocoPhillips.
Top Dividend Stocks To Invest In Right Now: ProLogis(PLD)
Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, management, and leasing of industrial distribution and retail properties. It was previously known as Security Capital Investment Trust. Prologis Inc. was formed in 1991 and is based in San Francisco, California with an additional office in Denver, Colorado.
- [By Oliver Pursche]
As the real-estate crisis unfolded in 2008, Mr. Moghadam acted boldly and intelligently, taking advantage of opportunities around the world and eventually merging AMB with ProLogis (PLD) in 2011 to create the current, a company who’s stock, since the bottom of the crisis in 2009, has outperformed the S&P 500.
- [By Eric Volkman]
Prologis (NYSE: PLD ) has announced that it will sell 31 million new pieces of itself. That’s the number of common shares it will float in an upcoming, underwritten public stock offering. The price of the shares will be $41.60 apiece, and the company’s underwriters have been granted a 30-day purchase option for up to an additional 4.65 million shares to cover overallotments, if any.
Top Dividend Stocks To Invest In Right Now: SuperValu Inc.(SVU)
SUPERVALU INC., together with its subsidiaries, operates retail food stores in the United States. Its stores offer grocery, general merchandise, health and beauty care, pharmacy, and fuel products. The company operates stores under the Acme, Albertsons, Cub Foods, Farm Fresh, Hornbacher?s, Jewel-Osco, Lucky, Shaw?s, Shop ?n Save, Shoppers Food & Pharmacy, and Star Market banners, as well as in-store pharmacies under the Osco and Sav-on banners. It operates approximately 2,394 traditional and hard-discount retail food stores, including 899 licensed Save-A-Lot stores. The company also offers supply chain services, which include wholesale distribution of products to independent retailers, including single and multiple grocery store independent operators, regional and national chains, mass merchants, and the military customers, as well as provides logistics support services. SUPERVALU was founded in 1871 and is based in Eden Prairie, Minnesota.
- [By John Udovich]
Yesterday after the market closed, small cap supermarket stock The Fresh Market Inc (NASDAQ: TFM) reported earnings and began rising more than 10% in after hours trading, meaning its worth taking a closer look at the stock along with the performance of other supermarket stocks like SUPERVALU Inc (NYSE: SVU) and Whole Foods Market, Inc (NASDAQ: WFM) that have had or are having their share of troubles.
- [By Suravi Thacker]
However, grocer Supervalu (SVU) made significant efforts to combat competition and stage a comeback. Its recently reported fourth quarter results surprised the investors as it beat analysts’ expectations.
- [By Vanina Egea] of 700 to 800 small format stores annually adds to an increasing number of dollar stores subscribing to loss-leader strategies. In this context, the firm undertook a fair price plus promotion strategy in fiscal 2013. This initiative has lowered prices to a competitive position at the expense of margins, in the hope for market share gains in the long term.
Apart from underperforming stores sellout, Supervalu has undertaken additional cost reduction initiatives which are expected to lower administrative expenses by $250 million through fiscal 2014. The reduction of its store count, I turn, is expected to generate $80 million to $90 million in savings in the next three years.
In the third quarter of fiscal 2013, the firm reported adjusted earnings of $0.13, a significant improvement compared to the negative $0.07 delivered the year before. Revenues, however, fell by $1.05 in relation to the prior year, due to negative comps in the retail segment, which have been declining for four consecutive years.
Further, the firm does not have any share buyback plans for fiscal 2014 and will not pay dividends to shareholders until March 2018.
Supervalu showcases a negative return on capital of -9.24% compared to the industry average of 20.02%. And its three-year average revenue growth delivered a dismal -25.1% compared to its peers’ median of 1.0%.
Investment guru John Keeley (Trades, Portfolio) recently sold out his holding in the company, backing my feeling that despite the company’s efforts, a good position in a highly competitive market will be hard to achieve.
Disclosure: Vanina Egea holds no position in any stocks mentioned.
About the author:Vanina EgeaA fundamental analyst at Lone Tree Analytics
Visit Vanina Egea’s Website
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Top Dividend Stocks To Invest In Right Now: Ventas Inc. (VTR)
Ventas, Inc. is a publicly owned real estate investment trust. The firm engages in investment, management, financing, and leasing of properties in the healthcare industry. It invests in the real estate markets of the United States and Canada. The firm primarily invests in healthcare-related facilities including hospitals, skilled nursing facilities, senior housing facilities, medical office buildings, and other healthcare related facilities. Ventas, Inc. was founded in 1983 and is based in Chicago, Illinois with additional offices in Louisville, Kentucky and Dallas, Texas.
- [By Monica Wolfe]
Ventas Inc (VTR)
On Feb. 14, Ventas declared a dividend of $0.725 per share, representing 4.50% dividend yield for the company. This dividend is payable on March 28 to shareholders of the record at the close of business on March 7, 2014.
- [By Sue Chang and Ben Eisen]
Ventas Inc. (VTR) rose 4.6%. The stock was upgraded to buy from neutral with a price target of $63 at UBS.
Top Dividend Stocks To Invest In Right Now: Vornado Realty Trust(VNO)
Vornado Realty Trust is a privately owned real estate investment trust. The trust engages in investment, ownership, and management of commercial real estate. It invests in the real estate markets of United States. The trust primarily invests in office, industrial and retail properties. Vornado Realty Trust is based in New York, New York.
- [By Anna Prior]
Vornado Realty Trust sa(VNO)id its board of trustees has approved a plan to spin off the commercial property owner’s shopping center business into a new publicly traded real-estate investment trust.
- [By Robert Hsu]
Name Type of Security Recommendation Kinder Morgan Energy Partners L.P. (NYSE: KMP) MLP August 15, 2013 TeeKay LNG Partners L.P. (NYSE: TGP) MLP September 16, 2013 PowerShares S&P 500 BuyWrite Portfol ETF (NYSE Arca: PBP) Buy-Write ETF September 30, 2013 Madison Covered Call Equity Strtgy Fd (NYSE: MCN) Buy-Write ETF September 30, 2013 Nuveen Equity Premium Opportunity Fund (NYSE: JSN) Buy-Write ETF September 30, 2013 BlackRockEnhanced Dividend Achievers Tr (NYSE: BDJ) Buy-Write ETF September 30, 2013 Vornado Realty Trust (NYSE: VNO) Real Estate
Trust September 26, 2013
Robert Hsu is the editor of Permanent Wealth Investor and a former hedge fund portfolio manager at Wall Street powerhouse Goldman Sachs. He retired from Goldman at age 31. He since has come out of retirement to establish and preside over his money management firm, Absolute Return Capital Advisors. His retirement experience has given him his current mission: helping investors like you achieve their goal of comfortable retirement through profitable income strategies.
- [By Dividend King]
Earnings per share (TTM) came in at $3.48, compared to -$0.33, $1.46, and $4.17 for competitors General Growth Properties Inc. (GGP), Macerich Co. (MAC) and Vornado Realty Trust (VNO), respectively.
- [By Robert Hsu]
And Vornado Realty Trust (NYSE: VNO) is one of these big buyers.
The Manhattan-based real estate investment trust (REIT) owns more than 28 million square feet of high-end office, retail, and residential space in its home town. (You can tour its New York properties right here.)
Top Dividend Stocks To Invest In Right Now: Curtiss-Wright Corporation (CW)
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components and systems. It operates in three segments: Flow Control, Motion Control, and Metal Treatment. The Flow Control segment designs, manufactures, and distributes engineered products, including valves, pumps, motors, generators, instrumentation, shipboard systems, and control electronics that manage the flow of liquids and gases, generate power, provide electronic operating systems, and monitor or provide critical functions for naval defense, power generation, oil and gas, and general industrial markets. The Motion Control segment designs, develops, manufactures, and maintains mechanical actuation and drive systems, specialized sensors, motors, electronic controller units, and embedded computing components and control systems for ground defense, aerospace defense, commercial aerospace, and general industrial markets. The Metal Treatment segment provides metallu rgical processing services comprising shot peening, laser peening, specialty coatings and heat treating for commercial and defense aerospace, oil and gas, power generation, automotive, transportation, construction equipment, and miscellaneous metal working industries. The company operates primarily in the United States, the United Kingdom, and Canada. Curtiss-Wright Corporation was founded in 1929 and is headquartered in Parsippany, New Jersey.
- [By Marc Bastow]
Engineered and advanced technical service products manufacturer Curtiss-Wright (CW) raised its quarterly dividend 30% to 13 cents per share, payable April 10 to shareholders of record as of March 27.
CW Dividend Yield: 0.82%
- [By Alex Planes]
In 1917, the two major aircraft manufacturers were forced into a patent pool that would offer modest licensing terms for prospective upstarts. By this point, the Wrights were out of the industry. Wilbur had died years earlier, and Orville had sold his stake to outside investors, leaving Curtiss with an easier path to the dominance previously denied him. The Wrights’ reputation was badly damaged, and competition came to the industry despite their efforts. Years later, on the eve of the Great Depression, Curtiss gained a final measure of victory when his company and the Wrights’ namesake business merged to become Curtiss-Wright (NYSE: CW ) , which was at the time the largest aviation company in the United States. This company was also briefly a part of the Dow (from 1928 to 1930), making it the first aviation component in the index’s history.
Top Dividend Stocks To Invest In Right Now: Cinemark Holdings Inc(CNK)
Cinemark Holdings, Inc. and its subsidiaries engage in the motion picture exhibition business. As of June 30, 2011, it operated 436 theatres with 4,983 screens in 39 states of the United States, as well as in Brazil, Mexico, and 11 other Latin American countries. The company is headquartered in Plano, Texas.
- [By Sue Chang]
Cinemark Holdings Inc. (CNK) : The movie theater company is well positioned to capitalize on the film’s popularity with movie goers with operations both in the U.S. and Latin America. Shares of Cinemark are up 26% so far this year.
- [By Rich Smith]
As movie-theater operator Cinemark (NYSE: CNK ) exits the Mexican market, another “gringo” is expanding to fill the gap — from even farther north of the border.
- [By John Udovich]
The shares of small cap IMAX Corporation (NYSE: IMAX) have slipped more than 10% this week on growth concerns – meaning it might be a good idea to take a closer look at the stock plus its performance verses other cinema stocks like Carmike Cinemas, Inc (NASDAQ: CKEC), Cinemark Holdings, Inc (NYSE: CNK) and Regal Entertainment Group (NYSE: RGC) along with the PowerShares Dynamic Leisure & Entertainment ETF (NYSEARCA: PEJ).
Top Dividend Stocks To Invest In Right Now: Genuine Parts Company (GPC)
Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, Canada, and Mexico. The company operates in four segments: Automotive Parts Group, Industrial Parts Group, Office Products Group, and Electrical/Electronic Materials Group. The Automotive Parts Group segment distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment. This segment also distributes accessory items used in the automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals. It owns and operates automotive parts distribution centers and automotive parts stores under the NAPA name. The Industrial Parts G roup segment distributes industrial replacement parts and related supplies, such as bearings, mechanical power transmission, industrial automation, hose, hydraulic and pneumatic components, industrial supplies, and material handling products. This segment serves various industries, including the food, forest products, primary metal, paper, mining, automotive, petrochemical, and pharmaceutical industries. The Office Products Group segment involves in the wholesale distribution of a line of office and other business related products that are used in the daily operation of businesses, schools, offices, and institutions. The Electrical/Electronic Materials Group segment distributes insulating and conductive materials, assembly tools, test equipment, and custom fabricated parts. This segment provides distribution services to original equipment manufacturers, motor repair shops, and assembly markets. The company was founded in 1928 and is headquartered in Atlanta, Georgia.
- [By WWW.GURUFOCUS.COM]
Genuine Parts Co. (1.3%) (GPC)(GPC – $86.85 – NYSE) is an Atlanta based distributor of automotive and industrial replacement parts, office products, and electrical and electronic components. We expect GPC’s well known NAPA Auto Parts group to benefit as an aged vehicle population, which includes the highest percentage of off warranty vehicles in history, helps drive sales of automotive aftermarket products over the next several years. Additionally, economic indicators remain supportive of the company’s industrial and electrical parts distribution businesses amid steady economic expansion. Finally, GPC’s management has shown consistent dedication to shareholder value via share repurchases and dividend increases.From Mario Gabelli (Trades, Portfolio)’s Gabelli Asset Fund’s first quarter 2014 shareholder commentary.Also check out: Mario Gabelli Undervalued Stocks Mario Gabelli Top Growth Companies Mario Gabelli High Yield stocks, and Stocks that Mario Gabelli keeps buying Currently 0.00/512345
Rating: 0.0/5 (0 votes)
- [By Dividends4Life]
Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these four calculations of fair value, see page 2 of the linked PDF for a detailed description: 1. Avg. High Yield Price 2. 20-Year DCF Price 3. Avg. P/E Price 4. Graham Number MSFT is trading at a premium to all four valuations above. The stock is trading at a 41.4% discount to its calculated fair value of $68.12. MSFT earned a Star in this section since it is trading at a fair value.Dividend Analytical Data: In this section there are three possible Stars and three key metrics, see page 2 of the linked PDF for a detailed description: 1. Free Cash Flow Payout 2. Debt To Total Capital 3. Key Metrics 4. Dividend Growth Rate 5. Years of Div. Growth 6. Rolling 4-yr Div. > 15% MSFT earned three Stars in this section for 1.), 2.) and 3.) above. A Star was earned since the Free Cash Flow payout ratio was less than 60% and there were no negative Free Cash Flows over the last 10 years. The stock earned a Star as a result of its most recent Debt to Total Capital being less than 45%. MSFT earned a Star for having an acceptable score in at least two of the four Key Metrics measured. The company has paid a cash dividend to shareholders every year since 2003 and has increased its dividend payments for 12 consecutive years.Dividend Income vs. MMA: Why would you assume the equity risk and invest in a dividend stock if you could earn a better return in a much less risky money market account (MMA) or Treasury bond? This section compares the earning ability of this stock with a high yield MMA. Two items are considered in this section, see page 2 of the linked PDF for a detailed description: 1. NPV MMA Diff. 2. Years to > MMA MSFT earned a Star in this section for its NPV MMA Diff. of the $14,663. This amount is in excess of the $2,300 target I look for in a stock that has increased dividends as long as MSFT has. If MSFT grows its dividend at 17.5% per year, it will take 2 years to
- [By Lawrence Meyers]
That’s just one reason DD, with its 2.8% yield, is still one of the best dividend stocks. Plus, the payout has historically been about 50% of free cash flow.
Death-Defying Dividend Stocks: Genuine Parts Co. (GPC)
Dividend Yield: 2.53%
- [By Dividends4Life]
According to a Gabelli Funds report, managed distribution policies offer several advantages, including:1. Lower difference between the fund’s market price and its NAV per share.2. Provides support during periods when the stock market is in a decline.3. Provides a measurable performance target for the investment adviser.Below are several high-yield funds from CEFA that have a managed distribution policy (yields as of December 16):Aberdeen Australia Eqty (IAF)- Distribution Yield: 10.4%- Income Yield: 346%Bexil Advisers LLC (DNI)- Distribution Yield: 11.1%- Income Yield: 3.56%BlackRock En Capital&Inc (CII)- Distribution Yield: 8.78%- Income Yield: 2.34%Cornerstone Strat Value (CLM)- Distribution Yield: 18.77%- Income Yield: 1.83%Cornerstone Total Return (CRF)- Distribution Yield: 19.10%- Income Yield: 0.85%Delaware Inv Div & Inc (DDF)- Distribution Yield: 6.70%- Income Yield: 5.26%Gabelli Equity Trust (GAB)- Distribution Yield: 7.58%- Income Yield: 1.54%Gabelli Utility Trust (GUT)- Distribution Yield: 9.45%- Income Yield: 2.84%MFS Special Value Trust (MFV)- Distribution Yield: 9.60%- Income Yield: 5.73%Nuveen Tx-Adv TR Strat (JTA)- Distribution Yield: 6.70%- Income Yield: 3.12%TCW Strategic Income (TSI)- Distribution Yield: 10.54%- Income Yield: 7.88%Zweig Total Return (ZTR)- Distribution Yield: 7.27%- Income Yield: 1.95%As noted in the Gabelli report, a managed distribution policy may create confusion regarding the true current yield since the reported yield includes the return of capital portion. You can see the disparity above between the income yield and the distribution (reported) yield.If you are looking for a sustainable and growing dividend, you may want to consider some blue-chip dividend stocks such as these with a Free Cash Flow Payout less than 50%, 50+ years of consecutive dividend increases and a 2%+ yield:3M Co. (MMM) is a diversified global company provides enhanced product functionality in electronics, health care, industrial, consumer
Top Dividend Stocks To Invest In Right Now: Rogers Communication Inc.(RCI)
Rogers Communications, Inc. operates as a communications and media company in Canada. The company?s Wireless segment provides wireless voice and data communications services. It operates a global system for mobile communications and general packet radio service network. This segment markets its products and services under Rogers Wireless, Fido, and chatr brands. Its Cable segment offers cable television, high-speed Internet access, and cable telephony services. As of December 31, 2010, this segment provided digital cable services to approximately 1.7 million households; Internet service to approximately 1.7 million residential subscribers; and residential circuit-switched telephony services to approximately a million subscribers. This segment also offers local and long-distance telephone, enhanced voice and data services, and IP access. In addition, this segment operates a retail distribution chain consisting of approximately 400 stores that provide cable services and digi tal and Internet equipment, as well as offers digital video disc and video game sales and rentals. The company?s Media segment publishes magazines, trade and professional publications, and directories, as well as operates 55 radio stations in Canada; multicultural OMNI broadcast television stations; the 5 station Citytv television network; specialty sports television services, including Rogers Sportsnet, Sportnet ONE, and Setanta Sports Canada; specialty services, which comprise Outdoor Life Network, The Biography Channel Canada, and G4 Canada; and televised shopping service, The Shopping Channel. It also holds an ownership in a mobile sports and events production and distribution joint venture; delivers content and conducts ecommerce through the Internet; and owns Blue Jays, a League Baseball club, as well as Rogers Centre sports and entertainment venue. The company was founded in 1920 and is based in Toronto, Canada.
- [By Victor Selva]
The company has a current ratio of 13.45% which is higher than the one registered by Liberty Interactive Corp (LINTA). But for investors looking for a higher ROE, Time Warner Cable, DISH Network Corp (DISH), Rogers Communications, Inc. (RCI), Shaw Communications, Inc. (SJR) and Tivo, Inc. (TIVO) could be better options.
- [By Tom Taulli]
Big competitors for BCE include Rogers Communications (RCI) and Telus (TU), though it also faces niche players such as Public Mobile, Wind Mobile and Mobilicity. Until recently, there was buzz that Verizon (VZ) might enter the market by buying up the latter two, though VZ apparently scrapped plans for Canadian expansion until 2014.
- [By Dan Caplinger]
The big news for Madison Square Garden has been the success of its key sports franchises. The New York Knicks basketball team made the playoffs and earned the No. 2 seed in the Eastern Conference. Even more importantly, the long-delayed National Hockey League season finally got going in January, helping resurrect what many had feared would be a lost season, sending shares of MSG, as well as Canadian venue/team-owners Rogers Communications (NYSE: RCI ) and BCE (NYSE: BCE ) , higher. As it turned out, MSG’s New York Rangers made the playoffs and will go up against the Washington Capitals in the first round. Playoffs are an especially lucrative time for sports viewership, and usually translate into extra profits for the company’s broadcast businesses.
Top Dividend Stocks To Invest In Right Now: PPL Corporation(PPL)
PPL Corporation, an energy and utility holding company, generates and sells electricity; and delivers natural gas to approximately 5.3 million utility customers primarily in the northeastern and northwestern U.S. The company operates in four segments: Kentucky Regulated, International Regulated, Pennsylvania Regulated, and Supply. The Kentucky Regulated segment engages in the generation, transmission, distribution, and sale of electricity; and the distribution and sale of natural gas to approximately 1.3 million customers in Kentucky, Virginia, and Tennessee. The International Regulated segment owns and operates electricity distribution businesses in the United Kingdom that deliver electricity to 7.7 million customers. The Pennsylvania Regulated segment delivers electricity to approximately 1.4 million customers in eastern and central Pennsylvania. The Supply segment owns and operates power plants to generate electricity using coal, uranium, natural gas, oil, and water res ources; markets and trades electricity and other purchased power to wholesale and retail markets; and acquires and develops domestic generation projects. It controls or owns a portfolio of generation assets of approximately 11,000 megawatts in Montana and Pennsylvania. As of December 31, 2010, the company?s distribution system included 649 substations with a capacity of 25 million kVA, 28,838 circuit miles of overhead lines, and 24,131 cable miles of underground conductors in the United Kingdom. It also operated 377 substations with a capacity of 31 million kVA, 33,122 circuit miles of overhead lines, and 7,368 cable miles of underground conductors in Pennsylvania. The company was founded in 1920 and is headquartered in Allentown, Pennsylvania.
- [By David Dittman]
PPL Corp (NYSE: PPL) announced on June 9, 2014, an agreement with Riverstone Holdings LLC to combine their merchant power generation assets to form stand-alone independent power producer Talen Energy Corp.
- [By Maria Armental and Anna Prior]
Standard & Poor’s Ratings Services and Fitch Ratings downgraded PPL Energy (PPL) after parent company PPL Corp. said it would spin off the power-generation business to its shareholders.
- [By Ben Levisohn]
The S&P 500, meanwhile, was hit by big losses in Exelon (EXC), Goodyear Tire & Rubber (GT) and PPL Corp (PPL). Exelon dropped 3.8% to $35.75 after the utility announced a secondary offering, while Goodyear fell 2.8% to $26.17. PPL Corp declined 2.8% to $33.72 after announcing that it plans to spin off its Montana power plants.
- [By Jake L’Ecuyer]
Leading and Lagging Sectors
In trading on Wednesday, utilities shares were relative leaders, up on the day by about 0.46 percent. Top gainers in the sector included PPL (NYSE: PPL), Empresa Distribuidora y Comercializadora Norte SA (NYSE: EDN), and Pampa Energia SA (NYSE: PAM). Telecommunications services sector was the top decliner in the US market on Wednesday.