Uil Holdings Corp (UIL) 37.19 $UIL
UIL Holdings Announces Increase of Offer Price and Extension of Offer to Purchase $3.125 Par Preferred Stock of its Subsidiary, Connecticut Natural Gas Corporation
Business Wire - Wed Apr 09, 8:17AM CDT
(NYSE:UIL) UIL Holdings Corporation (UIL) announced today that its wholly-owned subsidiary, CTG Resources, Inc., has extended its cash tender offer for all of the issued and outstanding shares of the $3.125 Par Preferred Stock of its subsidiary, Connecticut Natural Gas Corporation ("CNG"
, and has increased the price from $7.50 per share to $10.25 per share, subject to revised terms in a Supplement to Offer to Purchase. The tender offer, which had previously been extended and was scheduled to expire at 5:00 p.m., New York City time on April 8, 2014, has been extended and will now expire at 5:00 p.m. New York City time, on May 6, 2014. Tenders of the Preferred Stock must be made prior to the extended expiration of the tender offer and may be withdrawn at any time prior to that time. As of 5:00 p.m. on April 8, 2014, approximately 38,953 shares of the Preferred Stock, representing 35.83 percent of outstanding shares, had been validly tendered and not withdrawn. The $10.25 offer price is subject to the condition that at least 66 2/3% of the preferred shares are tendered by the expiration date and if less than 66 2/3% of shares are tendered, the validly tendered shares will be purchased at the original offer price of $7.50 per share unless properly withdrawn.
UIL Holdings Announces Extension of Offer to Purchase $3.125 Par Preferred Stock of its Subsidiary, Connecticut Natural Gas Corporation
Business Wire - Wed Mar 26, 7:36AM CDT
(NYSE:UIL) UIL Holdings Corporation (UIL) announced today that its wholly-owned subsidiary, CTG Resources, Inc., has extended its cash tender offer for all of the issued and outstanding shares of the $3.125 Par Preferred Stock of its subsidiary, Connecticut Natural Gas Corporation ("CNG", at a price of $7.50 per share. The tender offer, which had previously been extended and was scheduled to expire at 5:00 p.m., New York City time, on March 25, 2014, has been extended, and will now expire at 5:00 p.m., New York City time, on April 8, 2014. Tenders of the Preferred Stock must be made prior to the extended expiration of the tender offer and may be withdrawn at any time prior to that time. As of 5:00 p.m. on March 25, 2014, approximately 38,953 shares of the Preferred Stock, representing 35.83 percent of outstanding shares, had been validly tendered and not withdrawn. Except for this extension, the tender offer remains subject to all other terms and conditions set forth in CTG's February 3, 2014 Offer to Purchase and related Letter of Transmittal.
Buy-Rated Dividend Stocks: Top 3 Companies: AEP, UIL, KMI
at The Street - Tue Mar 25, 10:30AM CDT
These 3 dividend stocks are rated a Buy by TheStreet
Families sue utilities over Conn. house explosion
New Haven Register - Fri Mar 14, 10:18AM CDT
NEW HAVEN, Conn. (AP) — Two families are suing two Connecticut utilities alleging negligence in connection with a 2012 natural gas explosion that leveled one New Haven home and damaged another.
Upgrade Alert for UIL Holdings (UIL)
Comtex SmarTrend(R) - Thu Mar 13, 8:05AM CDT
UIL Holdings (NYSE:UIL) was upgraded from Hold to Buy at Argus Research today. The stock closed yesterday at $36.13 on volume of 540,000 shares, above average daily volume of 473,000. UIL Holdings Corporation, through The United Illuminating Company, provides electricity and energy-related services to customers and municipalities in Connecticut. The Company's other subsidiary, United Resources Inc., is the umbrella for UIL's non-regulated business units, including Precision Power, American Payment Systems, United Capital, and United Bridgeport Energy.
3 Stocks Near 52-Week Lows Worth Buying
Sean Williams, The Motley Fool - Motley Fool - Tue Mar 11, 3:14PM CDT
Just as we examine companies each week that may be rising past their fair values , we can also find companies trading at what may be bargain prices. While many investors would rather have nothing to do with companies wallowing at 52-week lows, I...
Will This Upgrade Help UIL Holdings (UIL) Today?
at The Street - Mon Mar 10, 8:23AM CDT
Bank of America-Merrill Lynch upgrades UIL Holdings (UIL) to 'buy' from 'nuetral' with a price target of $38.
UIL Holdings Earnings Review: 18 Days after Announcement Shares Down 13.6% (UIL)
Comtex SmarTrend(R) - Mon Mar 10, 7:10AM CDT
18 days ago, on February 20th, 2014, UIL Holdings (NYSE:UIL) reported its earnings. Analysts, on average, expected earnings of $0.59 per share on sales of $406.3 million. UIL Holdings actually reported earnings of $0.61 per share on sales of $435.1 million, beating EPS estimates by $0.02 and beating revenue estimates by $28.9 million. Since the company's report, shares of UIL Holdings have fallen from $40.32 to $34.84, representing a loss of 13.6% in the past 18 days.
Fitch: Philadelphia Gas Works Sale Stable for Bondholders
Business Wire - Fri Mar 07, 1:48PM CST
The recently announced agreement to sell the Philadelphia Gas Works (PGW) to UIL Holdings Corporation does not heighten the risk to the utility's existing bondholders, Fitch Ratings says. According to the publicly disclosed terms outlined by the city of Philadelphia, the sale cannot be completed without the payment or legal defeasance of all outstanding revenue bonds pursuant to the terms of the bond resolution.
NYSE stocks posting largest volume increases
AP - Mon Mar 03, 5:04PM CST
NEW YORK (AP) — A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:
Philadelphia mayor strikes deal to sell utility
By RON TODT - AP - Mon Mar 03, 1:42PM CST
PHILADELPHIA (AP) — The city's distressed pension fund would get an injection of $424 million under a proposal for UIL Holdings Corp. to buy the city-owned gas utility for $1.86 billion, the mayor announced Monday.
UIL Holdings to buy Philadelphia Gas Works
AP - Mon Mar 03, 6:09AM CST
NEW HAVEN, Conn. (AP) — UIL Holdings says it will expand its natural gas business by spending $1.86 billion in cash to buy the operations of Philadelphia Gas Works, which serves about 500,000 customers.
UIL Holdings to Acquire Philadelphia Gas Works Operations
Business Wire - Mon Mar 03, 5:30AM CST
--Transaction will be Immediately Accretive to Operating and Free Cash Flow
UIL Reports 2013 Earnings and Announces 2014 Earnings Guidance
Business Wire - Thu Feb 20, 3:10PM CST
Today, UIL Holdings Corporation (NYSE: UIL) reported 2013 consolidated net income of $115.3 million, or $2.18 per diluted share, an increase of $11.7 million, compared to 2012. For the fourth quarter 2013, consolidated net income was $40.4 million, or $0.71 per diluted share, an increase of $11.6 million, compared to the fourth quarter 2012.
Is UIL Holdings (UIL) Ready to Breakout? - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Feb 19, 8:16AM CST
Is UIL Holdings (UIL) Ready to Breakout?
UIL Holdings Corporation's board to pay USD0.432 per share dividend in quarter
M2 - Mon Feb 17, 5:45AM CST
The board of directors of UIL Holdings Corporation (NYSE:UIL), an energy company, on Friday declared a quarterly dividend of USD0.432 per share on the company's common stock.
UIL Holdings Corporation Declares Quarterly Dividend
Business Wire - Fri Feb 14, 2:09PM CST
UIL Holdings Corporation (NYSE:UIL) announced that its Board of Directors declared a quarterly dividend of $0.432 per share on its Common Stock at today's Board meeting. This dividend is payable April 1, 2014 to shareowners of record at the close of business on March 10, 2014.
Use Options For A Chance To Buy UIL At A 12% Discount
at The Street - Fri Feb 14, 11:14AM CST
Looking back to 141 days ago, UIL Holding Corp priced a 5,000,000 share secondary stock offering at $37.25 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course...
UIL Holdings Corporation Schedules Fourth Quarter and Full Year 2013 Earnings Release and Conference Call
Business Wire - Thu Feb 06, 11:39AM CST
UIL Holdings Corporation (NYSE:UIL) will be releasing its fourth quarter and full year 2013 financial results on Thursday, February 20, 2014, after the market closes.
UIL Holdings Announces Increase of Offer Price and Extension of Offer to Purchase $3.125 Par Preferred Stock of its Subsidiary, Connecticut Natural Gas Corporation
Business Wire - Wed Apr 09, 8:17AM CDT
(NYSE:UIL) UIL Holdings Corporation (UIL) announced today that its wholly-owned subsidiary, CTG Resources, Inc., has extended its cash tender offer for all of the issued and outstanding shares of the $3.125 Par Preferred Stock of its subsidiary, Connecticut Natural Gas Corporation ("CNG"
, and has increased the price from $7.50 per share to $10.25 per share, subject to revised terms in a Supplement to Offer to Purchase. The tender offer, which had previously been extended and was scheduled to expire at 5:00 p.m., New York City time on April 8, 2014, has been extended and will now expire at 5:00 p.m. New York City time, on May 6, 2014. Tenders of the Preferred Stock must be made prior to the extended expiration of the tender offer and may be withdrawn at any time prior to that time. As of 5:00 p.m. on April 8, 2014, approximately 38,953 shares of the Preferred Stock, representing 35.83 percent of outstanding shares, had been validly tendered and not withdrawn. The $10.25 offer price is subject to the condition that at least 66 2/3% of the preferred shares are tendered by the expiration date and if less than 66 2/3% of shares are tendered, the validly tendered shares will be purchased at the original offer price of $7.50 per share unless properly withdrawn. UIL Holdings Announces Extension of Offer to Purchase $3.125 Par Preferred Stock of its Subsidiary, Connecticut Natural Gas Corporation
Business Wire - Wed Mar 26, 7:36AM CDT
(NYSE:UIL) UIL Holdings Corporation (UIL) announced today that its wholly-owned subsidiary, CTG Resources, Inc., has extended its cash tender offer for all of the issued and outstanding shares of the $3.125 Par Preferred Stock of its subsidiary, Connecticut Natural Gas Corporation ("CNG"
, at a price of $7.50 per share. The tender offer, which had previously been extended and was scheduled to expire at 5:00 p.m., New York City time, on March 25, 2014, has been extended, and will now expire at 5:00 p.m., New York City time, on April 8, 2014. Tenders of the Preferred Stock must be made prior to the extended expiration of the tender offer and may be withdrawn at any time prior to that time. As of 5:00 p.m. on March 25, 2014, approximately 38,953 shares of the Preferred Stock, representing 35.83 percent of outstanding shares, had been validly tendered and not withdrawn. Except for this extension, the tender offer remains subject to all other terms and conditions set forth in CTG's February 3, 2014 Offer to Purchase and related Letter of Transmittal. Buy-Rated Dividend Stocks: Top 3 Companies: AEP, UIL, KMI
at The Street - Tue Mar 25, 10:30AM CDT
These 3 dividend stocks are rated a Buy by TheStreet
Families sue utilities over Conn. house explosion
New Haven Register - Fri Mar 14, 10:18AM CDT
NEW HAVEN, Conn. (AP) — Two families are suing two Connecticut utilities alleging negligence in connection with a 2012 natural gas explosion that leveled one New Haven home and damaged another.
Upgrade Alert for UIL Holdings (UIL)
Comtex SmarTrend(R) - Thu Mar 13, 8:05AM CDT
UIL Holdings (NYSE:UIL) was upgraded from Hold to Buy at Argus Research today. The stock closed yesterday at $36.13 on volume of 540,000 shares, above average daily volume of 473,000. UIL Holdings Corporation, through The United Illuminating Company, provides electricity and energy-related services to customers and municipalities in Connecticut. The Company's other subsidiary, United Resources Inc., is the umbrella for UIL's non-regulated business units, including Precision Power, American Payment Systems, United Capital, and United Bridgeport Energy.
3 Stocks Near 52-Week Lows Worth Buying
Sean Williams, The Motley Fool - Motley Fool - Tue Mar 11, 3:14PM CDT
Just as we examine companies each week that may be rising past their fair values , we can also find companies trading at what may be bargain prices. While many investors would rather have nothing to do with companies wallowing at 52-week lows, I...
Will This Upgrade Help UIL Holdings (UIL) Today?
at The Street - Mon Mar 10, 8:23AM CDT
Bank of America-Merrill Lynch upgrades UIL Holdings (UIL) to 'buy' from 'nuetral' with a price target of $38.
UIL Holdings Earnings Review: 18 Days after Announcement Shares Down 13.6% (UIL)
Comtex SmarTrend(R) - Mon Mar 10, 7:10AM CDT
18 days ago, on February 20th, 2014, UIL Holdings (NYSE:UIL) reported its earnings. Analysts, on average, expected earnings of $0.59 per share on sales of $406.3 million. UIL Holdings actually reported earnings of $0.61 per share on sales of $435.1 million, beating EPS estimates by $0.02 and beating revenue estimates by $28.9 million. Since the company's report, shares of UIL Holdings have fallen from $40.32 to $34.84, representing a loss of 13.6% in the past 18 days.
Fitch: Philadelphia Gas Works Sale Stable for Bondholders
Business Wire - Fri Mar 07, 1:48PM CST
The recently announced agreement to sell the Philadelphia Gas Works (PGW) to UIL Holdings Corporation does not heighten the risk to the utility's existing bondholders, Fitch Ratings says. According to the publicly disclosed terms outlined by the city of Philadelphia, the sale cannot be completed without the payment or legal defeasance of all outstanding revenue bonds pursuant to the terms of the bond resolution.
NYSE stocks posting largest volume increases
AP - Mon Mar 03, 5:04PM CST
NEW YORK (AP) — A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:
Philadelphia mayor strikes deal to sell utility
By RON TODT - AP - Mon Mar 03, 1:42PM CST
PHILADELPHIA (AP) — The city's distressed pension fund would get an injection of $424 million under a proposal for UIL Holdings Corp. to buy the city-owned gas utility for $1.86 billion, the mayor announced Monday.
UIL Holdings to buy Philadelphia Gas Works
AP - Mon Mar 03, 6:09AM CST
NEW HAVEN, Conn. (AP) — UIL Holdings says it will expand its natural gas business by spending $1.86 billion in cash to buy the operations of Philadelphia Gas Works, which serves about 500,000 customers.
UIL Holdings to Acquire Philadelphia Gas Works Operations
Business Wire - Mon Mar 03, 5:30AM CST
--Transaction will be Immediately Accretive to Operating and Free Cash Flow
UIL Reports 2013 Earnings and Announces 2014 Earnings Guidance
Business Wire - Thu Feb 20, 3:10PM CST
Today, UIL Holdings Corporation (NYSE: UIL) reported 2013 consolidated net income of $115.3 million, or $2.18 per diluted share, an increase of $11.7 million, compared to 2012. For the fourth quarter 2013, consolidated net income was $40.4 million, or $0.71 per diluted share, an increase of $11.6 million, compared to the fourth quarter 2012.
Is UIL Holdings (UIL) Ready to Breakout? - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Feb 19, 8:16AM CST
Is UIL Holdings (UIL) Ready to Breakout?
UIL Holdings Corporation's board to pay USD0.432 per share dividend in quarter
M2 - Mon Feb 17, 5:45AM CST
The board of directors of UIL Holdings Corporation (NYSE:UIL), an energy company, on Friday declared a quarterly dividend of USD0.432 per share on the company's common stock.
UIL Holdings Corporation Declares Quarterly Dividend
Business Wire - Fri Feb 14, 2:09PM CST
UIL Holdings Corporation (NYSE:UIL) announced that its Board of Directors declared a quarterly dividend of $0.432 per share on its Common Stock at today's Board meeting. This dividend is payable April 1, 2014 to shareowners of record at the close of business on March 10, 2014.
Use Options For A Chance To Buy UIL At A 12% Discount
at The Street - Fri Feb 14, 11:14AM CST
Looking back to 141 days ago, UIL Holding Corp priced a 5,000,000 share secondary stock offering at $37.25 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course...
UIL Holdings Corporation Schedules Fourth Quarter and Full Year 2013 Earnings Release and Conference Call
Business Wire - Thu Feb 06, 11:39AM CST
UIL Holdings Corporation (NYSE:UIL) will be releasing its fourth quarter and full year 2013 financial results on Thursday, February 20, 2014, after the market closes.
