RBC Capital Markets: We Just Rated These Company Shares

Following is information on stock coverage initiated by RBC Capital Markets analysts on June 24th, 2011:

  • Xcel Energy (NYSE:XEL): RBC Capital Markets started coverage of this stock with a rating of Outperform.  The shares are trading at $24.10 and have traded in a 52-week range of $20.47 to $25.39.  Its market capitalization is $11.66 billion.  About the company:  Xcel Energy, Inc. provides electric and natural gas services. The Company offers a variety of energy-related services, including generation, transmission, and distribution of electricity and natural gas throughout the United States. Xcel utilities serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Don’t Miss: Consider trying our Commodities Investment Newsletter (free for 14 days) and getting help from a professional.
  • Southern Co. (NYSE:SO): RBC Capital Markets started coverage of this stock with a rating of Sector Perform.  The shares are trading at $39/58 and have traded in a 52-week range of $33 to $40.87.  Its market capitalization is $33.61 billion.  About the company: Southern Company is a public utility holding company. The Company, through its subsidiaries, generates, wholesales, and retails electricity in the southeastern United States. The Company also offers wireless telecommunications services, and provides businesses with two-way radio, telephone, paging, and Internet access services as well as wholesales fiber optic solutions.
  • Sempra Energy (NYSE:SRE): RBC Capital Markets started coverage of this stock with a rating of Sector Perform.  The shares are trading at $51.93 and have traded in a 52-week range of $46.25 to $55.97.  Its market capitalization is $12.47 billion.  About the company: Sempra Energy is an energy services holding company with operations throughout the United States, Mexico, and other countries in South America. The Company, through its subsidiaries, generates electricity, delivers natural gas, operates natural gas pipelines and storage facilities, and operates a wind power generation project.
  • Public Service (NYSE:PEG): RBC Capital Markets started coverage of this stock with a rating of Sector Perform.  The shares are trading at $31.67 and have traded in a 52-week range of $30.15 to $34.93.  Its market capitalization is $16.02 billion.  About the company: Public Service Enterprise Group Incorporated is a public utility holding company. The Company, through its subsidiaries, generates, transmits, and distributes electricity and produces natural gas in in the Northeastern and Mid Atlantic United States.
  • Progress Energy (NYSE:PGN): RBC Capital Markets started coverage of this stock with a rating of Sector Perform.  The shares are trading at $47.33 and have traded in a 52-week range of $38.96 to $49.03.  Its market capitalization is $13.93 b  About the company: Progress Energy, Inc. is an integrated electric utility that provides energy and energy-related products and services in the Southeast United States. The Company serves electric and gas customers in the Carolinas and in Florida. Don’t Miss: Consider trying our Commodities Investment Newsletter (free for 14 days) and getting help from a professional.
  • PPL Corp. (NYSE:PPL): RBC Capital Markets started coverage of this stock with a rating of Outperform.  The shares are trading at $27.22 and have traded in a 52-week range of $24.10 to $28.38.  Its market capitalization is $15.7 billion.  About the company: PPL Corporation is an energy and utility holding company. The Company, through its subsidiaries, generates electricity from power plants in the northeastern and western United States, and markets wholesale and retail energy primarily in the northeastern and western portions of the United States, and delivers electricity in Pennsylvania and the United Kingdom.
  • Pinnacle West (NYSE:PNW): RBC Capital Markets started coverage of this stock with a rating of Sector Perform.  The shares are trading at $43.77 and have traded in a 52-week range of $35.71 to $45.64.  Its market capitalization is $4.77 billion.  About the company:  Pinnacle West Capital Corporation is a utility holding company. The Company, through its subsidiary, provides either retail or wholesale electric service to most of the State of Arizona. The Company, through a subsidiary, also is involved in real estate development activities in the western United States.
  • PG&E (NYSE:PCG): RBC Capital Markets started coverage of this stock with a rating of Outperform.  The shares are trading at $41.81 na dhave traded in a 52-week range of $40.52 to $48.63.  Its market capitalization is $16.56 billion.    About the company: PG&E Corporation is a holding company that holds interests in energy based businesses. The Company’s holdings include a public utility operating in northern and central California that provides electricity and natural gas distribution; electricity generation, procurement, and transmission; and natural gas procurement, transportation, and storage.
  • NV Energy (NYSE:NVE): RBC Capital Markets started coverage of this stock with a rating of Sector Perform.  The shares are trading at $15.07 and have traded in a 52-week range of $11.53 to $15.96.  Its market capitalization is $3.55 billion.  About the company: NV Energy, Inc., through its subsidiaries, generates, transmits, and distributes electric energy throughout Nevada and the Lake Tahoe area of California. The Company provides natural gas services in the Reno Sparks area of Nevada.
  • NextEra Energy (NYSE:NEE): RBC Capital Markets started coverage of this stock with a rating of Outperform.  The shares are trading at $56.41 and have traded in a 52-week range of $47.96 to $58.98.  Its market capitalization is $23.81 billion.  About the company:   NextEra Energy, Inc. is a clean energy company. The Company, through its subsidiaries, generates, transmits, distributes, and sells electric energy utilizing natural gas, wind and nuclear resources.
  • FirstEnergy (NYSE:FE): RBC Capital Markets started coverage of this stock with a rating of Sector Perform.  The shares are trading at $43.35 and have traded in a 52-weel range of $34.51 to $45.80.  Its market capitalization is $18.13 billion.    About the company: FirstEnergy Corp. is a public utility holding company. The Company’s subsidiaries and affiliates are involved in the generation, transmission and distribution of electricity, exploration and production of oil and natural gas, transmission and marketing of natural gas, and energy management and other energy-related services.
  • Exelon (NYSE:EXC): RBC Capital Markets started coverage of this stock with a rating of Outperform.  The shares are trading at $41.95 and have traded in a 52-week range of $37.63 to $44.49.  Its market capitalization is $27.79 billion.  About the company: Exelon Corporation is a utility services holding company. The Company, through its subsidiaries distributes electricity to customers in Illinois and Pennsylvania. Exelon also distributes gas to customers in the Philadelphia area as well as operates nuclear power plants in states that include Pennsylvania and New Jersey.
  • Entergy (NYSE:ETR): RBC Capital Markets started coverage of this stock with a rating of Sector Perform.  The shares are trading at $68.34 and have traded in a 52-week range of $64.72 to $80.80.  Its market capitalization is $12.16 billion.  About the company: Entergy Corporation is an integrated energy company that is primarily focused on electric power production and retail electric distribution operations. The Company delivers electricity to utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy also owns and operates nuclear plants in the northern United States.
  • Edison (NYSE:EIX): RBC Capital Markets started coverage of this stock with a rating of Sector Perform.  The shares are trading at $38.90 and have traded in a 52-week range of $31.06 to $40.15.  Its market capitalization is $12.67 billion.    About the company:  Edison International, through its subsidiaries, develops, acquires, owns, and operates electric power generation facilities worldwide. The Company also provides capital and financial services for energy and infrastructure projects, as well as manages and sells real estate projects. Additionally, Edison provides integrated energy services, utility outsourcing, and consumer products.
  • Duke Energy (NYSE:DUK): RBC Capital Markets started coverage of this stock with a rating of Underperform.  The shares are trading at $18.57 and have traded in a 52-week range of $15.87 to $19.50.  Its market capitalization is $24.72 billion.  About the company:  Duke Energy Corporation is an energy company located primarily in the Americas that owns an integrated network of energy assets. The Company manages a portfolio of natural gas and electric supply, delivery, and trading businesses in the United States and Latin America.
  • Dominion (NYSE:D): RBC Capital Markets started coverage of this stock with a rating of Sector Perform.  The shares are trading at $47.48 and have traded in a 52-week range of $38.59 to $48.55.  Its market capitalization is $27.43 billion.  About the company:  Dominion Resources, Inc., a diversified utility holding company, generates, transmits, distributes, and sells electric energy in Virginia and northeastern North Carolina. The Company produces, transports, distributes, and markets natural gas to customers in the Northeast and Mid-Atlantic regions of the United States.
  • Con Edison (NYSE:ED): RBC Capital Markets started coverage of this stock with a rating of Sector Perform.  The shares are trading at $52.55 and have traded in a 52-week range of $42.50 to $54.36.  Its market capitalization is $15.37 billion.  About the company:  Consolidated Edison, Inc., through its subsidiaries, provides a variety of energy related products and services. The Company supplies electric service in New York, parts of New Jersey, and Pennsylvania as well as supplies electricity to wholesale customers.
  • CMS Energy (NYSE:CMS): RBC Capital Markets started coverage of this stock with a rating of Outperform.  The shares are trading at $19.50 and have traded in a 52-week range of $14.47 to $20.46.  Its market capitalization is $4.29 billion.  About the company:  CMS Energy Corporation is an energy company operating primarily in Michigan. The Company, through its subsidiaries provides electricity and/or natural gas to its customers in Michigan. CMS Energy also invests in and operates non-utility power generation plants in the United States and abroad.
  • CenterPoint (NYSE:CNP): RBC Capital Markets started coverage of this stock with a rating of Outperform.  The shares are trading at $19.07 and have traded in a 52-week range of $12.96 to $19.57.  Its market capitalization is $8.11 billion.  About the company:  CenterPoint Energy, Inc. is a public utility holding company. The Company, through its subsidiaries, conducts activities in electricity transmission and distribution, natural gas distribution and sales, interstate pipeline and gathering operations, and power generation.
  • American Electric Power (NYSE:AEP): RBC Capital Markets started coverage of this stock with a rating of Underperform.  The shares are trading at $37.32 and have traded in a 52-week range of $31.87 to $38.99.  Its market capitalization is $17.98 billion.  About the company:  American Electric Power Company, Inc.(NYSE:AEP)is a public utility holding company. The Company provides electric service, consisting of generation, transmission and distribution, on an integrated basis to their retail customers. AEP serves portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

(Note: Selected financial data are sourced from Yahoo! Finance.  All data are assumed to be accurate.)

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