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Deutsche Bank Previews Utilities' Q4

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Deutsche Bank analyst Jonathan Arnold released a Q4 preview for utilities with the firm’s latest operating earnings estimates.

Arnold commented that while “4Q utility numbers look set to be a mixed bag, full year 2014 should still come in with solid mid-single-digit growth of just under 6 percent (cap weighted).”

The analyst note added that some of the upside in 2014 was driven by the Q1 Polar Vortex which will “make it more challenging for the average utility to grow as fast in 2015.”

Below are Deutsche Bank’s estimates for each utility versus the consensus estimate, in descending order by report date.

  • American Electric Power Company Inc (NYSE: AEP) reports January 28. DB Quarterly Operating Estimate is $0.47 vs. consensus of $0.51.
  • CMS Energy Corporation (NYSE: CMS) reports January 29. DB Quarterly Operating Estimate is $0.36, inline with consensus.
  • Xcel Energy Inc (NYSE: XEL) reports January 29. DB Quarterly Operating Estimate is $0.33 vs. consensus of $0.35.
  • Southern Co (NYSE: SO) reports February 4. DB Quarterly Operating Estimate is $0.39, inline with consensus.
  • Entergy Corporation (NYSE: ETR) reports February 5. DB Quarterly Operating Estimate is $0.86 vs. consensus of $0.81.
  • PPL Corporation (NYSE: PPL) reports February 5. DB Quarterly Operating Estimate is $0.54 vs. consensus of $0.49.
  • Dominion Resources, Inc. (NYSE: D) reports February 6. DB Quarterly Operating Estimate is $0.85 vs. consensus of $0.84.
  • PG&E Corporation (NYSE: PCG) reports February 10. DB Quarterly Operating Estimate is $0.56 vs. consensus of $0.52.
  • Northeast Utilities System (NYSE: NU) reports February 11. DB Quarterly Operating Estimate is $0.70 vs. consensus of $0.69.
  • Wisconsin Energy Corp (NYSE: WEC) reports February 11. DB Quarterly Operating Estimate is $0.59 vs. consensus of $0.56.
  • DTE Energy Co (NYSE: DTE) reports February 13. DB Quarterly Operating Estimate is $1.09 vs. consensus of $1.05.
  • Exelon Corporation (NYSE: EXC) reports February 13. DB Quarterly Operating Estimate is $0.51, inline with consensus.
  • Portland General Electric Company (NYSE: POR) reports February 13. DB Quarterly Operating Estimate is $0.50 vs. consensus of $0.52.
  • Duke Energy Corp (NYSE: DUK) reports February 18. DB Quarterly Operating Estimate is $0.89 vs. consensus of $0.88.
  • FirstEnergy Corp. (NYSE: FE) reports February 18. DB Quarterly Operating Estimate is $0.77 vs. consensus of $0.74.
  • UIL Holdings Corporation (NYSE: UIL) reports February 18. DB Quarterly Operating Estimate is $0.64, inline with consensus.
  • Consolidated Edison, Inc. (NYSE: ED) reports February 19. DB Quarterly Operating Estimate is $0.55 vs. consensus of $0.54.
  • Public Service Enterprise Group Inc. (NYSE: PEG) reports February 20. DB Quarterly Operating Estimate is $0.48, inline with consensus.
  • Edison International (NYSE: EIX) reports February 24. DB Quarterly Operating Estimate is $0.85 vs. consensus of $0.82.
  • ITC Holdings Corp. (NYSE: ITC) reports February 25. DB Quarterly Operating Estimate is $0.49 vs. consensus of $0.50.

The firm maintained Hold ratings on most of the utility companies with only Consolidated Edison rated as a Sell. CMS Energy, Calpine, Edison International, Exelon and Public Service Enterprise Group were rated Buy.

Latest Ratings for AEP

DateFirmActionFromTo
May 2021Morgan StanleyMaintainsOverweight
Apr 2021Morgan StanleyMaintainsOverweight
Apr 2021MizuhoMaintainsBuy

View More Analyst Ratings for AEP
View the Latest Analyst Ratings

 

Related Articles (AEP + CMS)

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