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Stock Movements, Public Offerings, and Financial Results - Analyst Notes on MDU Resources, UGI, Vectren, ALLETE, and Avista

NEW YORK, March 7, 2014 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts Review released its analysts' notes regarding MDU Resources Group Inc. (NYSE: MDU), UGI Corp. (NYSE: UGI), Vectren Corporation (NYSE: VVC), ALLETE, Inc. (NYSE: ALE), and Avista Corp. (NYSE: AVA). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register

MDU Resources Group Inc. Analyst Notes

On March 4, 2014, MDU Resources Group Inc.'s (MDU Resources) stock increased 1.04%, ending the day at $33.90. Over the previous three trading sessions, shares of MDU Resources declined 0.59%, compared to the Dow Jones Industrial Average which advanced 0.76% during the same period. The full analyst notes on MDU Resources Group Inc. are available to download free of charge at:

http://www.AnalystsReview.com/03052014/MDU/report.pdf

UGI Corp. Analyst Notes

On March 4, 2014, UGI Corp.'s (UGI) stock increased 0.84%, ending the day at $44.67. Over the previous three trading sessions, shares of UGI increased 0.70%, compared to the Dow Jones Industrial Average which gained 0.76% during the same period. The full analyst notes on UGI Corp. are available to download free of charge at:

http://www.AnalystsReview.com/03052014/UGI/report.pdf

Vectren Corporation Analyst Notes

On February 19, 2014, Vectren Corporation (Vectren) reported its financial results for Q4 2013 and full year 2013. The Company reported annual consolidated net income of $136.6 million, or $1.66 per diluted share, versus net income of $159.0 million, or $1.94 per diluted share in full year 2012. According to the Company, Utility Group earnings were $141.8 million in full year 2013, versus $138.0 million in full year 2012; while Nonutility Group earnings were $33.0 million in full year 2013, (not including the results of ProLiance), versus earnings of $21.7 million in full year 2012. Q4 2013 consolidated net income was $49.8 million, or $0.60 per diluted share, versus net income of $42.8 million, or $0.52 per diluted share, in Q4 2012. Full year 2013 operating revenues were reported to be $2.5 billion, up 11.6% YoY; while quarterly revenues increased 5.6% YoY to $680.0 million. The Company stated that for full year 2014, it anticipates consolidated earnings of $2.15 to $2.35 per share. The full analyst notes on Vectren Corporation are available to download free of charge at:

http://www.AnalystsReview.com/03052014/VVC/report.pdf

ALLETE, Inc. Analyst Notes

On February 26, 2014, ALLETE, Inc. (ALLETE) announced the pricing of an underwritten public offering of 2.8 million shares of its common stock at $49.75 per share in connection with the forward sale agreement. The Company informed that the size of the offering was increased from the previously announced 2.5 million shares. ALLETE stated that together with this offering, the underwriters have been granted an option to purchase an additional 420,000 shares of the Company's common stock solely to cover over-allotments, if any. The Company added that it plans to use net proceeds from settlement of the forward sale agreement or upon issuance and sale to the underwriters of shares for corporate purposes, including capital investments. ALLETE informed that J.P. Morgan and Baird are acting as joint book-running managers for the offering, and RBC Capital Markets and Wells Fargo Securities are acting as co-managers for the offering. The Company further stated that it entered into a forward sale agreement in connection with the offering with an affiliate of J.P. Morgan (the Counterparty) under which the Company agrees to sell to the Counterparty the same number of shares of the Company's common stock sold by an affiliate of the Counterparty to the underwriters for sale in the underwritten public offering. The full analyst notes on ALLETE, Inc. are available to download free of charge at:

http://www.AnalystsReview.com/03052014/ALE/report.pdf

Avista Corp. Analyst Notes

On February 26, 2014, Avista Corp. (Avista) reported its financial results for Q4 2013 and full year 2013.

The Company declared net income attributable to Avista shareholders of $111.1 million, or $1.85 per diluted share, for full year 2013, versus $78.2 million, or $1.32 per diluted share, for full year 2012. For Q4 2013, net income attributable to Avista shareholders was $31.7 million, or $0.53 per diluted share, versus $15.9 million, or $0.26 per diluted share, for Q4 2012. Full-year 2013 operating revenues increased 4.6% YoY to $1.6 billion, while quarterly operating revenues grew to $447.7 million, up 9.0% YoY. Avista Chairman, President and CEO Scott Morris, commented, "We had a very good year in 2013, with utility earnings above our expectations, and significant improvement at Ecova as compared to 2012." He added, "Lastly, we are confirming our 2014 earnings guidance with a consolidated range of $1.77 to $1.97 per diluted share. This excludes any impact from the planned acquisition of AERC." The full analyst notes on Avista Corp. are available to download free of charge at:

http://www.AnalystsReview.com/03052014/AVA/report.pdf


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