In today’s briefing:
- Brookfield Infrastructure Partners (BIP or BIPC) – Wednesday, Apr 17, 2024
- American Water Works Company: Initiation of Coverage – PFAS Regulatory Compliance
- Entergy Corporation: Initiation of Coverage – Strategic Infrastructure Investments To Elevate Their Growth Prospects? – Major Drivers
- Dominion Energy: Initiation of Coverage – A Deep Dive Into Its Core Business Strategy? – Major Drivers
- Sempra Energy: Initiation of Coverage – What Is Its Biggest Competitive Advantage? – Major Drivers
- Xcel Energy Inc.: Initiation of Coverage – Will Its Investments In Clean Energy & Grid Modernization Pay Off? – Major Drivers
- Public Service Enterprise Group (PSEG): Initiation of Coverage – How They Are Achieving Strategic Growth through Enhanced Service Offerings? – Major Drivers
- Duke Energy Corporation: Initiation of Coverage – Focus on Economic Development and Infrastructure Push Bound To Yield Results? – Major Drivers
- CenterPoint Energy Inc.: Initiation of Coverage – These Are The 4 Pivotal Factors Driving Its Performance! – Financial Forecasts
- DTE Energy Corporation: Initiation of Coverage – How Their Tight Financial Management & Funding Strategy Will Impact The Bottom-Line! – Major Drivers
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Brookfield Infrastructure Partners (BIP or BIPC) – Wednesday, Apr 17, 2024
- Dalrymple Finance report examines financial structure of Brookfield Infrastructure Partners managed by Brookfield Asset Management
- Report raises concerns about fee maximization practices that may not align with interests of limited partners
- Comparison with sister entity launched in 2023 highlights flaws in BIP’s financial policies, suggesting a unsustainable pyramid scheme structure
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American Water Works Company: Initiation of Coverage – PFAS Regulatory Compliance
- American Water started 2023 with promising financial results, as its earnings per share (EPS) rose from $0.91 to $0.95 compared to the same quarter last year.
- This increase was anticipated, aligning with the company’s forecast and sustaining its full-year earnings guidance.
- Noteworthy contributing factors include the $0.02 per share rise stemming from additional interest income, linked to amendments in the seller note related to the HOS sale.
Entergy Corporation: Initiation of Coverage – Strategic Infrastructure Investments To Elevate Their Growth Prospects? – Major Drivers
- Entergy Corporation has shown a mix of achievements and challenges in its First Quarter 2024 results.
- Although the company reported adjusted earnings per share of $1.08, which fell below expectations, its management remains optimistic about meeting annual financial goals citing a solid track record in managing operational expenses.
- Several positive developments were noted, including recognition for customer engagement and the execution of eight electric service agreements with industrial customers.
Dominion Energy: Initiation of Coverage – A Deep Dive Into Its Core Business Strategy? – Major Drivers
- Dominion Energy delivered mixed results in the first quarter of 2024, showcasing both resilience and areas needing improvement as it strives to meet its future financial and operational goals.
- The company reported first quarter operating earnings of $0.55 per share, affected by a $0.06 headwind from adverse weather conditions.
- However, the sale of East Ohio Gas Company and various operational management (O&M) timings provided some financial relief.
Sempra Energy: Initiation of Coverage – What Is Its Biggest Competitive Advantage? – Major Drivers
- Sempra’s first quarter of 2024 results showcases a strong start to the year, affirming its robust financial health and diligent strategic execution across its various segments.
- This report, reflecting on certain financial and strategic developments, delves into both the achievements and the areas of persistent challenge within the company, thereby providing a comprehensive overview for potential investors.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
Xcel Energy Inc.: Initiation of Coverage – Will Its Investments In Clean Energy & Grid Modernization Pay Off? – Major Drivers
- Xcel Energy recently held a discussion regarding their first quarter earnings for 2024, where they announced an increased earnings per share compared to the prior year.
- During the quarter, the company experienced various operational challenges and opportunities, extensively detailed in their public statements.
- Xcel Energy continues to emphasize its commitment towards enhancing system resiliency, particularly against wildfire risks, and advancing its clean energy initiatives.
Public Service Enterprise Group (PSEG): Initiation of Coverage – How They Are Achieving Strategic Growth through Enhanced Service Offerings? – Major Drivers
- Public Service Enterprise Group reported its first-quarter earnings for 2024, showcasing results that align closely with its annual fiscal projections.
- The organization aims to maintain its non-GAAP operating earnings guidance of $3.60 to $3.70 per share and anticipates a growth rate between 5% to 7% through 2028.
- This growth is premised on sizable infrastructure and energy efficiency investments designed to support the electrification of various sectors and a move towards reduced greenhouse gas emissions.
Duke Energy Corporation: Initiation of Coverage – Focus on Economic Development and Infrastructure Push Bound To Yield Results? – Major Drivers
- Duke Energy has delivered robust first-quarter 2024 results, underpinned by various strategic implementations and operational efficiencies.
- With a first-quarter adjusted earnings per share of $1.44, the company outperformed its previous year’s results by $0.24.
- This financial improvement is primarily attributed to growth from rate reforms across various jurisdictions, increased retail volumes, and favorable weather conditions.
CenterPoint Energy Inc.: Initiation of Coverage – These Are The 4 Pivotal Factors Driving Its Performance! – Financial Forecasts
- CenterPoint Energy has published its first-quarter results for 2024, showing significant resilience and strategic maneuvering despite prevailing challenges.
- The company achieved non-GAAP EPS of $0.55, successfully earning over one-third of its full-year earnings projection at the midpoint.
- This result underscores its projected annual EPS growth of 8%, aligning with its strategic plan to bolster shareholder value consistently.
DTE Energy Corporation: Initiation of Coverage – How Their Tight Financial Management & Funding Strategy Will Impact The Bottom-Line! – Major Drivers
- DTE Energy presented its first quarter 2024 financial results, showing a robust start to the year.
- The energy company, well-entrenched with a solid foundation, reported operating earnings of $346 million, translating to $1.67 per share.
- Despite facing milder winter weather which affected demand, DTE Energy demonstrated financial resilience.