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D

ENB

Enbridge Inc. has entered into three separate agreements with Dominion Energy, Inc. to acquire EOG, Questar and PSNC for an aggregate purchase price of $14.0 billion. The acquisitions will double the scale of Enbridge's gas utility business to approximately 22% of its total adjusted EBITDA. The company expects the acquisitions to be accretive to its financial DCFPS and adjusted EPS outlook in the first full year of ownership.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:12 pm

CSGS

CSG Systems has increased its share repurchase authorization by an additional $100M. The company may make purchases of its common stock at its discretion through open market purchases.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:12 pm

ASND

RPRX

Ascendis Pharma A/S (NASDAQ:ASND) and Royalty Pharma plc (NASDAQ:RPRX) have entered into a $150 million capped synthetic royalty funding agreement based on U.S. net SKYTROFA revenue. Ascendis Pharma will receive an upfront payment of $150 million in exchange for a 9.15% royalty on U.S. net SKYTROFA revenue, beginning on January 1, 2025. The royalty payments to Royalty Pharma will cease upon reaching a multiple of 1.925x, or 1.65x if Royalty Pharma receives royalties in that amount by December 31, 2031.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 8:03 pm

GOGO

Gogo Inc. has announced a $50 million share repurchase program. The move is aimed at returning value to shareholders and demonstrates the company's confidence in its financial position and future prospects.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:02 pm

PBR

A significant bullish stance has been taken on Petrobras Brasileiro (NYSE:PBR) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 66% bullish and 33% bearish. Whales have been targeting a price range from $10.0 to $20.0 for Petrobras Brasileiro over the last 3 months. The price of PBR is up 2.28% at $14.82.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 7:45 pm

NLCP

ZDPY

Anthony Coniglio, founder, president, and CIO of NewLake Capital Partners Inc. (OTCQX:NLCP), and Bryan McLaren, chairman and CEO of Zoned Properties (OTCQB:ZDPY), discussed the complexities of federal cannabis legalization at the Benzinga Cannabis Capital Conference. They highlighted the influence of the pharmaceutical, liquor, and convenience store industries on cannabis policy and the need for stakeholders to lobby for their interests. McLaren also emphasized the decline in national banks and the need for solutions beyond federal reform.

Portfolio Pulse from Joana Scopel

September 05, 2023 | 6:37 pm

BGXX

Bright Green has announced an agreement to settle a $3.6M related party loan in shares valued at $1.28 per share, along with an accompanying warrant. The settlement is at a premium.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 6:30 pm

TFC

Truist Finl Inc. (NYSE:TFC) has seen a 1.17% drop in the current session, trading at $30.54. Over the past month, the stock has decreased by 5.77%, and in the past year, by 35.16%. The company's P/E ratio is 7.14, lower than the Banks industry average of 8.56, which could indicate that the stock is undervalued or that shareholders do not expect it to perform well in the future.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 6:30 pm

ARKK

ROKU

TARK

TSLA

The Ark Innovation ETF (ARKK) rose by 0.75% after Cathie Wood, CEO and CIO of ARK Invest, defended her $2,000 price target for Tesla (TSLA). ARKK holds a large position in Tesla, which surged by almost 5%. Investors looking for leveraged long exposure to ARKK can consider the AXS 2x Innovation ETF (TARK), which aims to return 200% of ARKK's daily performance. ARKK's largest holdings are Tesla, Roku (ROKU), and Zoom Video Communications. TARK could rise towards the $80 mark if it breaks up from the flag and channel pattern on higher-than-average volume.

Portfolio Pulse from Melanie Schaffer

September 05, 2023 | 5:57 pm

CMG

A significant investor has taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), with 62% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $1500.0 to $2050.0 for Chipotle over the last 3 months. The price of CMG is currently down -0.13% at $1936.0, and RSI indicators suggest that the stock may be approaching overbought. The next earnings are expected to be released in 49 days.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:45 pm