$38.80 -0.51 (-1.30%)
11/27/2009 1:01 PM

Progress Energy, Inc. (PGN)

CAPS Rating: 4 out of 5

The Company with its regulated and nonregulated subsidiaries is an integrated energy company serving the southeast region of the United States.

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Member Avatar truthisntstupid (65.32) Submitted: 11/22/2009 8:56:31 PM : Outperform Start Price: $38.60 PGN Score: +1.56

Bought mid-March at $33.24. Invested in direct stock purchase plan offered through Computershare. Has raised its dividend for 21 consecutive years with plans to continue doing so but needs to be watched because of major planned capex in future for new nuke plants. Rated four stars by Standard $ Poors and still yielding around 6.5%. It was yielding 7.4% at the price I first got in at.

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Member Avatar DDTim (< 20) Submitted: 8/27/2009 9:46:11 AM : Outperform Start Price: $38.86 PGN Score: -7.62

A great investment yeilding a nice dividend. Just got approval from Florida to build new Nuclear site. It's time for green engery.

I just wish that CEO ownership of stock was higher, it would put more confidence in overall stock value.

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Member Avatar PuroDog (89.93) Submitted: 8/22/2009 5:42:04 AM : Outperform Start Price: $38.85 PGN Score: -6.61

The south will rise again

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Member Avatar sometimesright (< 20) Submitted: 8/13/2009 2:15:45 PM : Outperform Start Price: $38.75 PGN Score: -8.96

This will be the first energy company to get back into nuclear reactor generation. As the cost of fossil fuels rises in the future, the cost of nuclear generation should decline.

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Member Avatar knowgostick (< 20) Submitted: 8/3/2009 8:02:33 PM : Outperform Start Price: $38.45 PGN Score: -9.22

Green is in. With a focus on alt-energy for the current administration, and likely (attempted) changes in infrastructure this company will probably have a high demand for its services. But uhdunno, I'm just getting started, and think that that sounds good.

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Member Avatar cell13dbz (64.43) Submitted: 7/27/2009 8:16:20 PM : Outperform Start Price: $38.95 PGN Score: -13.10

elieve it

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Member Avatar FoolishJLH (< 20) Submitted: 5/30/2009 5:32:39 PM : Outperform Start Price: $34.33 PGN Score: -5.26

Current price is depressed resulting in a current yield >7%. Economic recovery will result in higher earnings, offset in part by anticipated higher interest rates.

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Member Avatar curtisnj90 (< 20) Submitted: 3/14/2009 1:08:56 AM : Outperform Start Price: $30.96 PGN Score: -19.56

I have owned this stock for years, and it almost always hovers in the low to mid $40s. It is only suffering the effects of the recession. The dividends are good, making it a reliable pick in an overall bear market.

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Member Avatar oaksoda (61.30) Submitted: 3/11/2009 10:19:50 PM : Outperform Start Price: $30.35 PGN Score: -25.70

PGN is an electric utility in a growing area, with good earnings growth and some sales growth. In this economy that is success.

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Member Avatar btukwh (26.61) Submitted: 1/31/2009 3:00:08 PM : Outperform Start Price: $36.46 PGN Score: -30.36

The Richmond County project and Bartow Repowering should help augment this companies clean natural gas generation. Too bad they used Bib (Kiewit) for an EPC on Bartow, but they learned their lesson.

A good stable company with a solid dividend. Not much excitement, but that's ok.

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Member Avatar BSHumphreyII (87.18) Submitted: 1/11/2009 1:42:14 AM : Outperform Start Price: $36.19 PGN Score: -18.30

Progress is a solid utility with a good yield. Also, a recent rate increase authorized in North Carolina should boost earnings.

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Member Avatar RMFIII (70.00) Submitted: 11/19/2008 11:06:24 AM : Outperform Start Price: $36.20 PGN Score: -25.53

Solid and definately a long term value play. buy more on the dips.

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Member Avatar jhenning3333 (98.61) Submitted: 9/3/2008 2:43:43 PM : Outperform Start Price: $39.56 PGN Score: +9.19

dividend

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Member Avatar williamacarterjr (< 20) Submitted: 6/19/2008 2:04:27 PM : Outperform Start Price: $38.89 PGN Score: +15.10

PROGRESS CONTINUES TO PAYTOP DIVIDENDS, AND THEIR BUSINESS MODEL CONTINUES TO IMPROVE

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Member Avatar turgot (60.31) Submitted: 6/2/2008 9:54:08 AM : Outperform Start Price: $38.43 PGN Score: +19.40

dividend, depressed now, will rebound

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Member Avatar racoveanul (81.28) Submitted: 6/1/2008 12:11:29 PM : Underperform Start Price: $38.78 PGN Score: -18.80

Since I only do this on sundays...
I used Bates' DDM and project 29.65 for this stock. I undertook my investigation of the electric utilities sector starting with the idea that this is a mature sector, probably the first to get out of any slump.

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Member Avatar delocin (< 20) Submitted: 4/28/2008 12:11:18 PM : Underperform Start Price: $37.62 PGN Score: -21.93

See my comments on DUK. PGN is trying to do the same thing!

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Member Avatar HighYield50 (< 20) Submitted: 4/1/2008 7:27:59 PM : Outperform Start Price: $38.33 PGN Score: +18.44

#25 yield in S & P 500 as of 04/01/08.

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Member Avatar xionn (38.80) Submitted: 3/14/2008 10:31:14 AM : Outperform Start Price: $36.79 PGN Score: +17.49

Energy is getting more and more interesting... plus with a new president will come new demand. Right at the end of this recession.

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Member Avatar MIMARKE (20.34) Submitted: 3/12/2008 12:40:59 PM : Outperform Start Price: $37.96 PGN Score: +16.33

has been a steady performer with a good dividend. it gas been hurt due to oil prices but will rebound when oil levels off

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