NEW YORK, July 1, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding ITC Holdings Corp. (NYSE: ITC), National Grid plc (ADR) (NYSE: NGG), American Water Works Company Inc (NYSE: AWK), Cleco Corporation (NYSE: CNL) and Aqua America Inc (NYSE: WTR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4301-100free.
ITC Holdings Corp. Analyst Notes
On June 20, 2014, ITC Holdings Corp. (ITC) announced that it entered into an accelerated share repurchase program (ASR) for up to $150 million of the Company's common stock with JPMorgan Chase Bank, National Association (JPMorgan). The Company informed that ASR authorizes the repurchase of up to $250 million until December 31, 2015, as originally announced on April 15, 2014. According to the Company, under the terms of the ASR, ITC has agreed to repurchase up to $150 million of its common stock from JPMorgan with an initial delivery of approximately 2.9 million shares, based on the current market prices while the final number of shares to be repurchased will be based on the volume-weighted average share price of ITC's common stock during the term of the transaction, expected to be completed by the end of 2014. The full analyst notes on ITC are available to download free of charge at:
http://www.analystsreview.com/Jul-01-2014/ITC/report.pdf
National Grid plc (ADR) Analyst Notes
On June 19, 2014, National Grid plc (ADR) (National Grid) announced that it has allocated a portion of a $250,000 tree planting donation to the Massachusetts Department of Conservation and Recreation's (DCR) "Greening the Gateway Cities" project in Fall River. According to the Company, large deciduous trees near residences has been shown to reduce the need for summer air conditioning by up to 35% as trees can cool a home by shading patios, sidewalks, and even air conditioning units. National Grid announced that if the project is a success, the program could be expanded to other Massachusetts communities by 2015. The full analyst notes on National Grid are available to download free of charge at:
http://www.analystsreview.com/Jul-01-2014/NGG/report.pdf
American Water Works Company Inc Analyst Notes
On June 26, 2014, American Water Works Company Inc (American Water) announced that its subsidiary, American Water Resources, is offering Water Line and Sewer Line Protection Programs to homeowners in Vermont to provide them peace of mind from unexpected repair costs associated with leaks and breaks in water lines, as well as with clogs and blockages in sewer lines in their property. The Company informed that the Water Line Protection Program enrollment is available for $5.49 per month, the Sewer Line Protection Program enrollment is available for $9 per month, and the combined enrollment in both programs is available for $12.49 per month. The full analyst notes on American Water are available to download free of charge at:
http://www.analystsreview.com/Jul-01-2014/AWK/report.pdf
Cleco Corporation Analyst Notes
On June 23, 2014, Cleco Corporation (Cleco) announced that it has recently received indications of interest from third parties regarding a strategic transaction. According to the Company, it has retained Goldman Sachs & Co. and Tudor, Pickering, Holt & Co. as financial advisors, and Locke Lord LLP as legal advisor to assist the Company's Board of Directors in reviewing and evaluating proposals and comparing such proposals to Cleco's standalone strategic plan. Cleco added that the independent members of its Board of Directors have also retained Hunton & Williams LLP as legal counsel. According to the Company, in line with its Board's fiduciary duties, Cleco will work with its financial and legal advisors in considering and evaluating these indications of interest and other potential opportunities versus the Company's long-term strategic plan. The full analyst notes on Cleco are available to download free of charge at:
http://www.analystsreview.com/Jul-01-2014/CNL/report.pdf
Aqua America Inc Analyst Notes
On June 20, 2014, Aqua America Inc (Aqua America) reported that higher-than-average rainfall reaching nearly 7 inches above normal over the past two months in its largest Pennsylvania territory filled the Company's 10 billion gallon reservoir. As a result, the Company has plenty of water to sell for the upcoming summer season. According to the Company, its reservoirs in Central Pennsylvania and Ohio, which experienced almost 3-inches and up to 6-inches above normal rainfall, respectively, were also full. Nicholas DeBenedictis, Chairman and CEO, Aqua America said, "The good news is that with our reservoirs full, we are prepared to meet the high-demand we anticipate during the summer season. When there is as much rainfall as there has been in many parts of our service territory, customers tend to use less water. However, if the weather turns hot and dry, consumers will increase usage." The full analyst notes on Aqua America are available to download free of charge at:
http://www.analystsreview.com/Jul-01-2014/WTR/report.pdf
About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.
EDITOR'S NOTES:
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts Review
