RRI (GEN) (PQ) (WAT) (CERX) (D) (EIX) Ratings, Price Targets

RRI Energy, Inc. (NYSE: GEN), PetroQuest Energy, Inc. (NYSE: PQ), Waters Corporation (NYSE: WAT), Colombia Energy Resources (OTC: CERX.OB), Dominion Resources, Inc. (NYSE: D) and Edison International (NYSE: EIX) ratings and price targets.

PetroQuest Energy, Inc. (PQ) was downgraded by Capital One to a “Neutral” rating.

Waters Corporation (WAT) was downgraded by Cowen from an “Outperform” rating to a “Neutral” rating.

Rodman & Renshaw initiated coverage on Colombia Energy Resources (CERX). They placed a “Market Perform” rating on the company.

Morgan Stanley (NYSE:MS) initiated coverage on Dominion Resources, Inc. (D). They placed an “Equal Weight” rating on the company.

Morgan Stanley initiated coverage on Edison International (EIX). They placed an “Equalweight” rating on the company.

Morgan Stanley initiated coverage on RRI Energy, Inc. (GEN). They placed an “Underweight” rating on the company.

Qlik (QLIK) (OZM) (CAKE) (CYMI) (D) (CBI) Upgraded

Qlik Technologies Inc (NASDAQ: QLIK), Och-Ziff Capital Management Group LLC (NYSE: OZM), Cheesecake Factory (NASDAQ: CAKE), Cymer, Inc. (NASDAQ: CYMI), Dominion Resources, Inc. (NYSE: D) and Chicago Bridge & Iron Company (NYSE: CBI) upgraded by analysts.

Och-Ziff Capital Management Group LLC (OZM) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating.

Qlik Technologies Inc. (QLIK) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $33.00 on the company.

Cheesecake Factory (CAKE) was upgraded by Lazard Capital from a “Neutral” rating to a “Buy” rating.

Cymer, Inc. (CYMI) was upgraded by Barclays Capital from an “Underweight” rating to an “Equal Weight” rating. They have a price target of $42.00 on the company.

Dominion Resources, Inc. (D) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.

Chicago Bridge & Iron Company (CBI) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $42.00 on the company.

Cameron (CAM) (CHK) (D) (DD) (MUR) (NBL) Price Targets Changed

Cameron (NYSE: CAM), Chesapeake Energy (NYSE: CHK), Dominion Resources, Inc. (NYSE: D), DuPont (NYSE: DD), Murphy Oil Corp (NYSE: MUR) and Noble Energy (NYSE: NBL) price targets adjusted by analysts.

Cameron (CAM) had its price target raised by RBC Capital from $64.00 to $67.00. They have an “Outperform” rating on the company.

Chesapeake Energy (CHK) had its price target raised by UBS AG (NYSE:UBS) from $33.00 to $36.00. They have a “neutral” rating on the company.

Dominion Resources, Inc. (D) had its price target raised by Barclays Capital from $48.00 to $52.00. They have an “Overweight” rating on the company.

DuPont (DD) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $65.00.

Murphy Oil Corp. (MUR) had its price target slashed by Barclays Capital from $83.00 to $77.00. They have an “Overweight” rating on the company.

Noble Energy (NBL) had its price target raised by RBC Capital from $116.00 to $120.00. They have an “Outperform” rating on the company.

Ratings on (CADC) (CISG) (COF) (D) (EIX) Reiterated

Ratings on China Advanced Construction Materials Group Inc (NASDAQ: CADC), CNinsure Inc. (NASDAQ: CISG), Capital One (NYSE: COF), Dominion Resources, Inc. (NYSE: D) and Edison International (NYSE: EIX) were reiterated by analysts.

Global Hunter Securities reiterated a “buy” rating on China Advanced Construction Materials Group Inc (CADC).

JPMorgan Chase & Co. (NYSE:JPM) reiterated an “underweight” rating on CNinsure Inc. (CISG).

Citigroup (NYSE:C) reiterated a “buy” rating on Capital One (COF). They have a price target of $60.00 on the company.

Goldman Sachs (NYSE:GS) reiterated a “neutral” rating on Dominion Resources, Inc. (D).

Goldman Sachs reiterated a “neutral” rating on Edison International (EIX).

Dividends on (ZION) (D) (FMFC) (SYNT) (LEG) Declared

Zions Bancorp (NASDAQ:ZION), Dominion Resources Inc. (NYSE:D), First M&F Corp. (NASDAQ:FMFC), Syntel Inc. (NASDAQ:SYNT) and Leggett & Platt Inc. (NYSE:LEG) declare dividends.

The Board of Directors of Zions Bancorp (NASDAQ:ZION) declared a quarterly common stock dividend of $0.01 per share payable 5/27/11 to shareholders of record at the close of business on 5/27/11.

The Board of Directors of Dominion Resources Inc. (D) declared a quarterly common stock dividend of $0.4925 per share payable 6/20/11 to shareholders of record at the close of business on 5/27/11.

The Board of Directors of First M&F Corp. (FMFC) declared a quarterly common stock dividend of $0.01 per share payable 6/30/11 to shareholders of record at the close of business on 6/17/11.

The Board of Directors of Syntel Inc. (NASDAQ:SYNT) declared a quarterly common stock dividend of $0.06 per share payable 7/14/11 to shareholders of record at the close of business on 6/30/11.

The Board of Directors of Leggett & Platt Inc. (LEG) declared a second quarter common stock dividend of $0.27 per share payable 7/15/11 to shareholders of record at the close of business on 6/15/11.

Dividend Yields for (DTE) (PEG) (TE) (CNP) (D)

Indicated dividend yields for Standard & Poor's 500 Index companies DTE Energy Co (DTE), Public Service Enterprise (PEG), TECO Energy Inc (TE), CenterPoint Energy Inc (CNP) and Dominion Resources Inc (D).

These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.

DTE Energy Co (DTE) has a dividend yield of 4.43 percent on a declared dividend of $0.56. The payout ratio is 53.4 percent.

Public Service Enterprise (PEG) has a dividend yield of 4.26 percent on a declared dividend of $0.34. The payout ratio is 59.8 percent.

TECO Energy Inc (TE) has a dividend yield of 4.84 percent on a declared dividend of $0.20. The payout ratio is 77.0 percent.

CenterPoint Energy Inc (CNP) has a dividend yield of 4.25 percent on a declared dividend of $0.20. The payout ratio is 66.7 percent.

Dominion Resources Inc (D) has a dividend yield of 4.24 percent on a declared dividend of $0.49. The payout ratio is 87.0 percent.

Price Targets on CAVM) (BEN) (CERN) (CMP) (D) Updated

Price targets on Cavium Networks, Inc. (NASDAQ: CAVM), Franklin Resources, Inc. (NYSE: BEN), Cerner Corp (NASDAQ: CERN), Compass Minerals International, Inc. (NYSE: CMP) and Dominion Resources, Inc. (NYSE: D) were updated today.

JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Cavium Networks, Inc. (CAVM) from $50.00 to $55.00. They have an “overweight” rating on the company.

JPMorgan Chase & Co. raised their price target on Franklin Resources, Inc. (NYSE: BEN) from $134.00 to $135.00.

Deutsche Bank (NYSE:DB) raised their price target on Cerner Corp (CERN) from $107.00 to $116.00. They have a “hold” rating on the company.

JPMorgan Chase & Co. cut their price target on Compass Minerals International, Inc. (CMP) from $94.00 to $92.00. They have a “neutral” rating on the company.

Jefferies (NYSE:JEF) raised their price target on Dominion Resources, Inc. (D) from $44.50 to $48.00. They have a “hold” rating on the company.

Dominion Resources (NYSE:D) Postpones Biennial ROE Review at Dominion Virginia Power Utility

Dominion Resources (NYSE:D) said last week it has reached an agreement with a number of parties to postpone their biennial review of its Dominion Virginia Power utility.

Barclays (NYSE:BCS) commented on the decision saying, "On Thursday, D announced that it had reached an agreement with multiple parties to postpone the biennial ROE review at its Dominion Virginia Power (DVP) utility. Among other details we discuss below, the settlement would allow base rates to remain unchanged through at least December 2014, and would allow the current base ROE of 11.9% to continue. We think the postponement underscores yet again the highly constructive regulatory environment in which Dominion operates. Particularly following the stock's recent weakness, we would highlight that this extension of DVP's positive environment is supportive of our view of D as a premium regulated utility and a core holding for utility investors."

"We are updating our 2010 EPS estimate from $3.31 to $3.34, and introducing a 4Q10 estimate of $0.63. The increase is due largely to stronger than expected weather in a Virginia in 4Q."

Barclays reiterates an "Overweight" rating on Dominion Resources, Inc., which closed Friday at $42.98, gaining $0.37, or 0.87 percent. Barclays has a price target on Dominion of $46.