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Monday's Energy Stocks: AES climbs with bullish EPS outlook; WEC, CenterPoint gain on upgrades


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Monday's Energy Stocks: AES climbs with bullish EPS outlook; WEC, CenterPoint gain on upgrades

rose 0.72% inbelow-average volume to close at $11.16 on Monday, May 9, after its full-year 2016adjusted EPS guidance at 95 cents to $1.05. The company's first-quarteradjusted EPS dropped year over year, as expected, and was below the S&PGlobal Market Intelligence normalized EPS consensus estimate.

Thecompany is targeting12% to 16% average annual EPS growth through 2018, driven primarily by newprojects now under construction coming online. Approximately 5% of this annualgrowth rate is driven by cost reductions and revenue enhancements. Another 8[%]to 10% of expected growth is driven by the 2.4 GW of construction projectscoming online in 2017 and 2018," AES President and CEO Andrés Gluski saidMay 9 during the company's first-quarter 2016 earnings call.

gained 1.73% inheavy trading to end at $41.16 after reportingfirst-quarter ongoing earnings that was in line with the S&P Global MarketIntelligence normalized EPS consensus estimate.

"Whilewe experienced unfavorable weather and lower-than-anticipated sales in thefirst quarter, lower O&M expenses allowed us to deliver solid quarterlyresults. We will continue our disciplined approach to managing costs andcontinue to expect to achieve ongoing earnings within our 2016 guidance range,"Xcel Energy Chairman, President and CEO Ben Fowke said May 9.

lifted0.49% in strong volume to finish at $20.40 after its dividend payout by 2.4% andreporting year-over-year increase across all its financial metrics.

rose 1.40%in active trading to end at $60.08 after UBS Securities LLC the company's shares to "neutral"from "sell," citing the company's plans to accelerate capitalexpenditures for 2016-17 to offset the impact to earnings from bonusdepreciation.

advanced0.23% in weak volume to close at $21.68 after an upgrade to "neutral"from Goldman Sachs due to its "solid" dividend yield.

lifted 1.15%in light volume to end at $67.76 after reportingfirst-quarter 2016 consolidated net income of $75.4 million, or $1.58 pershare. In comparison, the gas utility posted consolidated net income of $72.0 million,or $1.53 per share, in the year-ago quarter.

"Weexperienced solid results from our natural gas segment operations, thoughslightly under the results of the prior-year quarter," said John Hester,president and CEO of Southwest Gas. "Favorable weather conditions helpedour construction services segment to post revenues of $206 million and narrowthe loss normally experienced during the first quarter."

Inthe midstream space, TallgrassEnergy Partners LP slid 0.50% in active trading to close at $44.05after its subsidiary completedthe purchase of a 25% interest in RockiesExpress Pipeline LLC from SempraU.S. Gas & Power LLC.

Sharesof Sempra U.S. Gas & Power parent SempraEnergy dipped 0.12% in weak trading to finish at $104.63.

lost 1.50% in thintrading to close at C$49.93, amid seekinga three-year extension of its permit to build the Northern Gateway pipelinelinking Canada's oil sands region with a deep-water port on the northern coastof British Columbia.

"NorthernGateway has changed," John Carruthers, president of Enbridge's NorthernGateway unit, said May 6. "We are making progress and remain open tofurther changes. We believe this is the right course of action for NorthernGateway and the right thing to do as Canadians. We know this process requirestime and we are committed to getting it right."

TheSNL Midstream Energy Index fell 1.44% to 104.13.

shed 3.95%in thin volume to finish at $1.70 after pushing back the deadline on the bondholder deal to May17. If the agreement is not finalized by that date, it may be terminatedautomatically after three business days upon the partnership's failure to enterinto it on or before May 17, according to a Form 8-K filed by Foresight.

Amongother coal stocks, AllianceHoldings GP LP declined 0.43% to $18.33 and shed 6.57% to$1.99, both in brisk volume. The SNL Coal Index lost 5.19% to 47.95.

TheJune natural gas futures contract ended the session much as it began. Thecontract topped thesession at $2.126/MMBtu and touched a low of $2.080/MMBtu before closing 0.3 centlower at $2.098/MMBtu.

TheDow Jones Industrial Average fell 0.20% to 17,705.91 and the S&P 500 rose0.08% to 2,058.69.

Market prices and indexvalues are current as of the time of publication and are subject to change.