On May 20, PPL Corporation (NYSE:PPL) has come up with the first quarter FY2014 financial results, and it beat the earnings estimates. PPL posted 1Q2014 earnings per share of $0.80 from ongoing operations. The earnings posted was above the Zacks Consensus Estimate, which was $0.68. The earnings was 17.6% higher than the Zacks Consensus Estimate. The quarterly earning was also 12.7% higher compared to the same quarter last year. PPL Corporation (NYSE:PPL) net profit margin is 9.70% and weekly performance is 4.38%. On last trading day company shares ended up $34.78. Analysts mean target price for the company is $35.66. PPL Corporation (NYSE:PPL) distance from 50-day simple moving average (SMA50) is 4.60%.
NRG Energy Inc (NYSE:NRG) was upgraded by equities researchers at Goldman Sachs from a “buy” rating to a “conviction-buy” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. NRG Energy Inc (NYSE:NRG) shares advanced 1.11% in last trading session and ended the day on $35.55. Gross Margin is 28.10% and its return on assets is -2.10%. NRG Energy Inc (NYSE:NRG) quarterly performance is 24.61%.
On May 16, Fortis Inc. (FTS.TO) and UNS Energy Corp (NYSE:UNS) have agreed to provide customer bill credits totaling $30 million over five years, as well as additional capital and enhanced consumer protections, as part of a settlement filed with the Arizona Corporation Commission (ACC) regarding Fortis’ proposed acquisition of UNS Energy. The settlement, which was filed May 16, was endorsed by both companies, as well as by ACC Staff, the Residential Utility Consumer Office (RUCO), customer representatives, organized labor and other parties. It is subject to the review of the ACC, which could approve, reject or modify the proposed settlement. If approved, the transaction is expected to be finalized by the end of 2014. UNS Energy Corp (NYSE:UNS) shares moved down -0.02% in last trading session and was closed at $60.61, while trading in range of $60.59 – $60.79. UNS Energy Corp (NYSE:UNS) year to date (YTD) performance is 2.09%.
Brookfield Renewable Energy Partners L.P. (NYSE:BEP) announced that it has agreed to issue 10,250,000 limited partnership units (“L.P. units”), on a bought deal basis, to a syndicate of underwriters at a price of $31.70 per L.P. unit (the “Offering Price”), for gross proceeds of approximately $325 million (the “Offering”). Brookfield Renewable Energy Partners LP (NYSE:BEP) ended the last trading day at $30.00. Company weekly volatility is calculated as 1.28%. Brookfield Renewable Energy Partners LP (NYSE:BEP) showed a positive weekly performance of 3.13%.
On May 20, 2014, Sabine Pass Liquefaction, LLC (“SPL”), a wholly owned subsidiary of Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH), closed (i) the sale of $2.0 billion aggregate principal amount of its 5.75% Senior Secured Notes due 2024 (the “2024 Notes”) pursuant to the Purchase Agreement dated May 13, 2014 between SPL and RBC Capital Markets, LLC, as representative of the initial purchasers named therein (the “2024 Initial Purchasers”) and (ii) the sale of $500 million aggregate principal amount of its 5.625% Senior Secured Notes due 2023 (the “2023 Notes”, and together with the 2024 Notes, the “Notes”) pursuant to the Purchase Agreement dated May 15, 2014 between SPL and RBC Capital Markets, LLC, as representative of the initial purchasers named therein (the “2023 Initial Purchasers”, and together with the 2024 Initial Purchasers, the “Initial Purchasers”). Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH) net profit margin is 86.30% and weekly performance is 2.61%. On last trading day company shares ended up $24.00. Analysts mean target price for the company is $26.43. Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH) distance from 50-day simple moving average (SMA50) is 7.20%.