I too started a small position in CNP today.
Google Makes Utility & Smart Meter Friends for Energy Tool PowerMeter
Wed May 20, 2009 2:12am EDT
reuters.com
From the article:"...Beyond its new utility friends, Google says it is working with smart meter maker Itron, which is one of the leaders in terms of market share. That’s a partnership that will benefit them both. Itron needs help innovating on the software side, as meter hardware becomes a commodity product, and Itron has partnerships with other big utilities for smart meter rollouts, including Southern California Edison and CenterPoint Energy, which will help Google...."
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My strategy is to look at collecting two dividend cycles and if the stock runs higher, then I will sell the Nov $10 call to further protect me on the downside. The company still carries a lot of debt which could force a dividend cut in the future.
Do you own any Integrys Energy Group, Inc. (TEG)? Their subsidiary, Wisconsin Public Service was also mentioned in the article. TEG pays a nice dividend too. The company announced earnings guidance for 2011 of between $2.80 and $3.20 per share and indicated that the Board had approved payment of the second quarter dividend at a rate of 68 cents per share. The dividend rate was increased to 68 cents per share in the first quarter 2009, marking the 51st consecutive year of increasing dividends and the 69th consecutive year of paying dividends.
EKS |
