Verizon Communications Inc. has emerged as a green-bond heavyweight in the U.S., using its vast network to raise another $1 billion to add more renewable energy to the electricity grid.
The telecom giant’s green-bond financing now stands at $3 billion and counting, with more programmatic issuance expected as Verizon VZ, -0.86% works toward its goal of sourcing 50% of its annual electricity consumption from renewable energy by 2025, and to be net-zero in emissions by 2035.
“Our strategy has been very clear, very straightforward,” said Verizon Treasurer Scott Krohn, in an interview with MarketWatch on Wednesday. “There’s nothing greener than pushing carbon off the grid by adding renewable capacity.”
In less than two years, Verizon has emerged as one of the biggest U.S. corporate buyers of renewable energy.
Best Energy Stocks For 2023: Financial Engines, Inc.(FNGN)
This Report contains forward-looking statements that involve risks and uncertainties. The forward-looking statements are contained principally in the sections entitled “Business,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” In some cases, you can identify forward-looking statements by terms such as “may,” “might,” “will,” “objective,” “goal,” “intend,” “should,” “could,” “can,” “would,” “expect,” “believe,” “designed to,” “estimate,” “predict,” “potential,” “plan,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. These statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Advisors’ Opinion:
- [By Stephan Byrd]
Financial Engines (NASDAQ:FNGN) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday.
- [By Shane Hupp]
BidaskClub cut shares of Financial Engines (NASDAQ:FNGN) from a buy rating to a hold rating in a report released on Wednesday morning.
Other analysts also recently issued research reports about the company. TheStreet raised Financial Engines from a c+ rating to a b- rating in a report on Wednesday, March 14th. William Blair cut Financial Engines from an outperform rating to a market perform rating in a research report on Monday, April 30th. Jefferies Financial Group cut Financial Engines from a buy rating to a hold rating in a research report on Tuesday, May 1st. ValuEngine upgraded Financial Engines from a sell rating to a hold rating in a research report on Tuesday, May 1st. Finally, Zacks Investment Research upgraded Financial Engines from a hold rating to a buy rating and set a $50.00 price target on the stock in a research report on Tuesday, June 5th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Financial Engines currently has a consensus rating of Hold and a consensus target price of $41.50.
Best Energy Stocks For 2023: Penske Automotive Group, Inc.(PAG)
We are an international transportation services company that operates automotive and commercial truck dealerships principally in the United States and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services principally in Australia and New Zealand. We employ more than 22,000 people worldwide.
In 2015, our business generated $19.3 billion in total revenue, which is comprised of $17.9 billion from retail automotive dealerships, $944.1 million from retail commercial truck dealerships and $444.5 million from commercial vehicle distribution and other operations.
Retail Automotive Dealership. We believe we are the second largest automotive retailer headquartered in the U.S. as measured by the $17.9 billion in total retail automotive dealership revenue we generated in 2015. As of December 31, 2015, we operated 355 automotive retail franchises, of which 181 franchises are located in the U.S. Advisors’ Opinion:
- [By Shane Hupp]
Get a free copy of the Zacks research report on Penske Automotive Group (PAG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Motley Fool Transcribing]
Penske Automotive Group (NYSE:PAG) Q4 2018 Earnings Conference CallFeb. 7, 2019 2:00 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
Best Energy Stocks For 2023: TGC Industries Inc.(TGE)
TGC Industries, Inc. provides geophysical services for clients in the oil and gas business in the United States and Canada. It conducts three-D surveys and seismic data acquisition services primarily to onshore oil and natural gas exploration and development companies for use in the onshore drilling and production of oil and natural gas. The company also owns a data bank that contains gravity data and magnetic data from oil and natural gas producing areas located in the United States. It operates 8 seismic crews in the lower 48 states in the United States, as well as 2 crews in Canada. The company was formerly known as Tidelands Geophysical Co., Inc. and changed its name to TGC Industries, Inc. in July 1986. TGC Industries, Inc. was founded in 1967 and is headquartered in Plano, Texas.
Advisors’ Opinion:
- [By Matthew DiLallo]
Tallgrass Energy (NYSE:TGE) currently boasts the biggest payout in this group at 8.9%. The pipeline company can easily support that big dividend since it generates very stable cash flow backed by long-term contracts, has a conservative payout ratio, and has a solid balance sheet. However, what makes Tallgrass Energy even more enticing is its growth prospects. The company currently has three large-scale oil infrastructure investments under development, which could fuel significant growth in the coming years. As such, investors are getting paid very well to wait for that upside to materialize.
- [By Stephan Byrd]
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Thursday, January 31st were given a $0.52 dividend. The ex-dividend date was Wednesday, January 30th. This is an increase from Tallgrass Energy’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a dividend yield of 9.11%. Tallgrass Energy’s dividend payout ratio is currently 163.78%.
ILLEGAL ACTIVITY NOTICE: “Ffcm LLC Takes $38,000 Position in Tallgrass Energy LP (TGE)” was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at www.tickerreport.com/banking-finance/4195528/ffcm-llc-takes-38000-position-in-tallgrass-energy-lp-tge.html.
About Tallgrass Energy
- [By Matthew DiLallo]
Buckeye Partners (NYSE:BPL) currently yields an eye-catching 9%. However, as alluring as that payout might seem, it’s not worth considering right now because of the company’s weaker financial profile. That’s why investors should forget about Buckeye Partners’ high-yielding dividend and instead examine the offerings of fellow energy infrastructure companies EnLink Midstream (NYSE:ENLC), Noble Midstream (NYSE:NBLX), and Tallgrass Energy (NYSE:TGE). Each pays a similarly high-yielding dividend that they back with stronger financials metrics and expect to increase at a healthy rate in 2019 and beyond.
- [By Matthew DiLallo]
In addition to that project, Kinder Morgan recently teamed up with Tallgrass Energy (NYSE:TGE) on a joint venture that would increase the oil takeaway capacity of the Rockies region. The projects would include combining Tallgrass Energy’s Pony Express Pipeline with two of Kinder Morgan’s underutilized gas pipelines in the region that it would convert to oil service as well as building an additional 200 miles of pipeline. These projects would help boost regional oil takeaway capacity by 550,000 BPD.
