NRG Energy, Inc. (NYSE:NRG), announced that it has commenced a tender offer to purchase any and all of $298,548,000 in aggregate principal amount of its outstanding 8.50% senior notes due 2019 (the “8.50% Notes”) and $708,522,000 in aggregate principal amount of its outstanding 7.625% senior notes due 2019 (the “7.625% Notes” and, together with the 8.50% Notes, the “2019 Notes”) through a cash tender offer with the net proceeds from NRG’s concurrent private placement of $1,000 million in aggregate principal amount of senior notes due 2024 (the “New Notes”), which was also announced by NRG, as well as with cash on hand. The tender offer is being made pursuant to offers to purchase and consent solicitation statements and related letters of transmittal, each dated as of April 4, 2014. The tender offer will expire at 11:59 p.m., New York City time, on May 1, 2014 (as such time and date may be extended, the “expiration date”).NRG Energy Inc (NYSE:NRG) shares after opening at $32.05 moved to $32.74 on last trade day and at the end of the day closed at $32.66. Company price to sales ratio in past twelve months was calculated as 0.94 and price to cash ratio as 4.71. NRG Energy Inc (NYSE:NRG) showed a positive weekly performance of 3.52%.
Eleven members are seeking election to CMS Energy Corporation (NYSE:CMS)’s Board of Directors, the company announced in its proxy statement. Seeking election are: John G. Russell, president and chief executive officer of CMS Energy, as well as the following independent directors: David W. Joos, non-executive chairman; Jon E. Barfield; Kurt L. Darrow; Stephen E. Ewing; Richard M. Gabrys; William D. Harvey; Philip R. Lochner Jr.; Kenneth L. Way; Laura H. Wright; and John B. Yasinsky.CMS Energy Corporation (NYSE:CMS) shares advanced 0.58% in last trading session and ended the day on $29.38. CMS return on equity ratio is recorded as 13.40% and its return on assets is 2.60%. CMS Energy Corporation (NYSE:CMS) yearly performance is 8.05%.
MDU Resources Group, Inc. (NYSE:MDU) will webcast its first quarter 2014 earnings conference call May 1 following the release of its results.The webcast will begin at 10 a.m. EDT and can be accessed at www.mdu.com. A webcast replay and audio replay will be available. The dial-in number for audio replay is (855) 859-2056, or (404) 537-3406 for international callers, conference ID 23827719.MDU Resources Group Inc (NYSE:MDU) shares moved up 0.69% in last trading session and was closed at $35.06, while trading in range of $34.81-$35.60. MDU Resources Group Inc (NYSE:MDU) year to date performance is 15.37%.
UBS upgraded Dynegy Inc. (NYSE:DYN) to “neutral” from “sell” and set a $25 target price. The firm noted expectations that the company will be allowed to bid in PJM MAAC pricing in the upcoming MISO capacity auction.Dynegy Inc. (NYSE:DYN) weekly performance is 2.63%. On last trading day company shares ended up $25.39. Dynegy Inc. (NYSE:DYN) distance from 50-day simple moving average is 11.79%. Analysts mean target price for the company is $22.50.