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George Fisher

 
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  • Gabelli Pressures National Fuel Gas To Realize Shareholder Value
    Mon, May. 12 NFG 7 Comments

    Summary

    • National Fuel Gas is 33% undervalued, according to Mario Gabelli. Gabelli is beginning to flex his muscles with a 9.1% share of outstanding stock.
    • National Fuel Gas is diversified with gas utility, midstream and E&P assets. It holds the largest acreage in the Marcellus with 800,000 acres. These are mainly fee based, not leases.
    • National Fuel Gas raised earnings guidance to $3.40 - $3.55 a share for FY 2014.
  • UGI Corp.: A Gas Utility That Dividend Growth Investors Can Love
    Mon, May. 12 UGI 15 Comments

    Summary

    • UGI has raised its dividend annually for the past 27 years and has a 130 year history of dividend payouts.
    • UGI has $9.10 per share of interest in AmeriGas Propane LP and is the GP with profitable IDRs.
    • Heating fuel conversion within hook-up range of current pipelines could grow customer base by 41% over time.
  • ITC Holdings Is A Core Utility Asset, Especially For Dividend Growth Investors
    Mon, May. 5 ITC 3 Comments

    Summary

    • ITC has offered long-term annual total returns of 11.1% vs. 7.7% for regulated utilities.
    • FERC-Allowed ROE for ITC is between 21% and 38% higher than recent average State-PUC awards.
    • ITC is laser-focused on expanding its Transmission Rate Base between now and 2018.
  • Is Comment Crowdsourcing Correct On Exelon?
    Fri, Apr. 25 EXC 48 Comments

    Summary

    • EXC has been a much maligned stock suggestion.
    • Investors who purchased between July 2005 and December 2011 are still underwater on a total return basis while most all other investors should have a positive total return.
    • Share prices are up 33% since January 2014.
  • Public Service Enterprise: Buy For Transmission Growth
    Tue, Mar. 18 PEG 6 Comments

    Summary

    • 68% of CapEx to be Invested in superior ROE transmission growth.
    • Well-managed balance sheet.
    • Transmission growth will Drive ROIC, EPS and dividend higher.
  • Staples: 'Just Walk Away, Rene'
    Thu, Mar. 13 SPLS 22 Comments

    Summary

    • The long-term looks problematic for Staples.
    • Remedial actions of store closings, layoffs, and pressure for lower vendor costs are indicative of decline in its business model.
    • The best time to invest in the retail sector is when SSS and new stores are growing, not contracting.
  • Southern Company: Investors Sigh Of Relief
    Mon, Mar. 10 SO 35 Comments

    Summary

    • Federal loans tip the balance towards Southern Company investors.
    • Current yield and compelling valuations make Southern Company a core utility holding.
    • Loan guarantees lower Southern Company's risk profile.
  • Exelon: 'Keep On Walkin,' Don't Look Back'
    Tue, Feb. 25 EXC 34 Comments
  • BGC Partners: Buying Cash, Stock, And Growing Commercial Real Estate Exposure
    Sun, Feb. 16 BGCP 12 Comments
  • Piedmont Natural Gas: Safe Small Cap Utility For The Next Market Meltdown
       • Wed, Feb. 12 PNY 36 Comments
  • A Few Reliable High Dividend Utilities
    Tue, Feb. 11 CPK, ETR, GAS 4 Comments
  • Is Niska Gas Storage Worth The Risk Of A 9.1% Yield?
    Mon, Feb. 3 NKA 4 Comments
  • Utilities For Dividend Growth Investors, Part 2: ITC Holdings
    Mon, Feb. 3 ITC 12 Comments
  • Electricity Spike In Northeast Exposes Investment Opportunities
    Thu, Jan. 30 EXC, NFG, SE 7 Comments
  • Utilities For Dividend Growth Investors, Part 1: Consolidated Edison
    Wed, Jan. 29 ED 15 Comments
  • American Electric Power: Potentially Better Opportunities Elsewhere
    Fri, Jan. 24 AEP 11 Comments
  • Spectra Energy: Gas Utility With Plenty Of Catalysts
    Wed, Jan. 22 SE 33 Comments
  • National Fuel Gas: Getting The Gas Utility For Free
    Fri, Jan. 17 NFG 5 Comments
  • Deep Freeze Causes Forced Power Generation Outages - Preview OF Future Problems?
    Fri, Jan. 10 KMP, EXC, D 28 Comments
  • Don't Be Afraid Of Utility Stocks
    Tue, Jan. 7 D, DUK, EIX 23 Comments
  • Who Are You Mr. And Mrs. Utility Investor?
    Dec. 30, 2013 CPK, D, ETR 17 Comments
  • 9 Overlooked Equities For 2014
    Dec. 26, 2013 DMLP, GBLBF, GLCNF 16 Comments
  • Chesapeake Utilities: An Underfollowed And Outperforming Dividend Growth Utility
    Dec. 23, 2013 CPK 8 Comments
  • Gas Natural: Stay Away Until Management Changes
       • Dec. 18, 2013 EGAS 10 Comments
  • Exelon: Selling At 10-Year Lows
    Editors' Pick • Dec. 5, 2013 EXC 91 Comments
  • Exelon, Entergy: Low-Cost Merchant Power Producers For A Market Turn
    Nov. 21, 2013 EXC, ETR 16 Comments
  • Entergy: A Speculative Buy For Utility Income Seekers
    Nov. 15, 2013 ETR 11 Comments
  • Donaldson: Expensive And Worth It, Especially For Dividend Growth Investors
    Editors' Pick • Nov. 14, 2013 DCI 6 Comments
  • National Grid: Buy For Stability And Yield
    Nov. 11, 2013 NGG 19 Comments
  • Duke Energy: Expensive And May Stay That Way
    Nov. 6, 2013 DUK 9 Comments
  • Northeast Utilities: Buy For Increasing Natural Gas Conversion And Electricity Transmission
    Nov. 1, 2013 NU 5 Comments
  • American Electric Power: Fully Valued Or Worse
    Oct. 27, 2013 AEP 13 Comments