Oppenheimer Initiates Coverage On Several Utility Companies

June 30, 2009 8:40 AM EDT

Oppenheimer initiates coverage on Exelon (EXC) with an Outperform - Top Pick. Price target $61.

Oppenheimer initiates coverage on:


  • American Electric (NYSE: AEP) with an Outperform rating. PT $32.
  • Duke Energy (NYSE: DUK) with an Outperform. PT $17
  • PG&E (NYSE: PCG) with an Outperform. PT $45.
  • Public Service Enterprise (NYSE: PEG) with an Outperform. PT $38.
  • Unitil Corp (NYSE: UTL) with an Outperform. PT $23.
  • Xcel Energy (NYSE: XEL) with an Outperform. PT $21.


Oppenheimer initiates coverage on:

  • Consolidated Edison (NYSE: ED) with a Market Perform. PT $37.
  • FPL Group (NYSE: FPL) with a Market Perform. PT $60.
  • Progress Energy (NYSE: PGN) with a Market Perform. PT $38.
  • Pinnacle West (NYSE: PNW) with a Market Perform. PT $30.
  • SCANA (NYSE: SCG) with a Market Perform. PT $33.
  • Southern Company (NYSE: SO) with a Market Perform. PT $33.


Related Categories

New Coverage

Stocks Mentioned

AEP 33.66

-0.39 -1.15%
Volume: 2,043,294
Track AEP

DUK 17.21

-0.06 -0.35%
Volume: 3,524,277
Track DUK

ED 44.00

-0.37 -0.83%
Volume: 926,916
Track ED

FPL 52.80

-0.20 -0.38%
Volume: 900,900
Track FPL

PCG 43.53

+0.00 +0.00%
Volume: 916,567
Track PCG

PEG 32.32

-0.01 -0.03%
Volume: 1,398,853
Track PEG

PGN 40.50

-0.15 -0.37%
Volume: 770,050
Track PGN

PNW 36.33

+0.11 +0.30%
Volume: 256,441
Track PNW

SCG 36.45

+0.00 +0.00%
Volume: 237,964
Track SCG

SO 33.01

-0.12 -0.36%
Volume: 3,174,577
Track SO

UTL 22.19

+0.44 +2.02%
Volume: 15,120
Track UTL

XEL 20.58

-0.18 -0.87%
Volume: 1,482,632
Track XEL


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