On Monday, Quanta Services Inc (NYSE:PWR)’s shares inclined 3.55% to $24.48.
Quanta Services, Inc. (PWR) declared that its board of directors has authorized the company to repurchase, from time to time through February 28, 2017, up to $1.25 billion in shares of its outstanding common stock. To implement a portion of this program, the company intends to enter into a $750 million accelerated stock repurchase (“ASR”) arrangement in the near term. The newly declared program follows completion of Quanta’s formerly authorized stock repurchase program, under which Quanta repurchased about 14.4 million shares of its common stock in the open market for a total cost of about $406 million in 2015.
Quanta Services, Inc. provides specialty contracting services to the electric power, and oil and gas industries in North America and internationally. The companys Electric Power Infrastructure Services segment provides network solutions comprising design, installation, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, and substation facilities. It also provides emergency restoration services, counting the repair of infrastructure. In addition, this segment designs, installs, and maintains renewable energy generation facilities comprising solar, wind, and various types of natural gas generation facilities.
Plains All American Pipeline, L.P. (NYSE:PAA)’s shares gained 3.79% to $36.71.
Plains All American Pipeline, L.P. (PAA) and Plains GP Holdings (PAGP ) stated second-quarter 2015 results.
PAA stated solid second quarter results, with adjusted EBITDA of $486 million, which was about $26 million above the mid-point of our quarterly guidance range, said Greg L. Armstrong, Chairman and CEO of Plains All American. PAA will pay a quarterly distribution of $0.695 per limited partner unit next week, which is the equivalent of $2.78 per unit on an annualized basis, while PAGP will pay a quarterly distribution of $0.227 per Class A share, or $0.908 per share on an annualized basis. These distributions represent a 7.8% and 23.8% enhance over comparative distributions paid in the same quarter of 2014, respectively.
Armstrong added, Based on this outlook, we have reduced the midpoint of our full-year guidance for adjusted EBITDA by $50 million. The resulting midpoint guidance of $2.275 billion remains in line with the full-year guidance range offered at the starting of the year, albeit near the lower end of the initial range. Importantly, PAA remains well positioned to manage through industry down cycles and capitalize on attractive opportunities as it ended the second quarter of 2015 with about $3.1 billion of committed liquidity, a strong balance sheet and credit metrics that comprise with our targeted levels.
Plains All American Pipeline, L.P., through with its auxiliaries, engages in the transportation, storage, terminal ling, and marketing of crude oil, natural gas liquids (NGL), natural gas, and refined products in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment transports crude oil and NGL through pipelines, gathering systems, trucks, and barges.
At the end of Monday’s trade, Union Pacific Corporation (NYSE:UNP)‘s shares surged 0.95% to $93.38.
Union Pacific was named among the Best Employers for Healthy Lifestyles for 2015 by The National Business Group on Health (NBGH).
Recognized at the gold level, Union Pacific was honored for making cultural and environmental changes, and developing comprehensive programs that support employees’ healthy lifestyle aims. The company was the only railroad among 64 U.S. employers to receive the 2015 Best Employers for Healthy Lifestyles® award.
The railroad’s wellness programs assess and provide intervention support for health risk factors, counting asthma, blood pressure, cholesterol, depression, diabetes, fatigue, inactivity, nutrition, smoking, stress and weight.
Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals comprising of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products.
Hanesbrands Inc. (NYSE:HBI), ended its Monday’s trading session with 2.41% gain, and closed at $29.32.
HanesBrands (HBI), a leading global marketer of everyday basic apparel under world-class brands, recently declared that its Board of Directors has declared a regular quarterly cash dividend of $0.10 per share to be paid Sept. 9, 2015, for stockholders of record at the close of business Aug. 18, 2015.
The quarterly dividend is the tenth successive return of cash to stockholders since Hanes initiated its cash dividend program in April 2013. Hanes split its stock 4-for-1 after the March 2015 cash dividend. The $0.10-per-share rate of the planned September cash dividend is equal to the pre-split $0.40-per-share rate.
Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of basic apparels for men, women, and children in the United States. The company operates through four segments: Innerwear, Activewear, Direct to Consumer, and International. It sells bras, panties, shapewears, hosiery, mens underwear, childrens underwear, and socks; and other activewear, such as T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, in addition to licensed logo apparel in collegiate bookstores and other channels. The company licenses its Champion name for footwear and sports accessories.
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