Argus Upgrades Northeast Utilities to Buy (NU)
Northeast Utilities (NYSE:NU) was upgraded by research analysts at Argus from a “hold” rating to a “buy” rating in a report released on Friday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC raised their price target on shares of Northeast Utilities (NYSE:NU) from $46.00 to $47.00 in a research note to investors on Wednesday, September 18th. They now have a “sector underperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Northeast Utilities (NYSE:NU) in a research note to investors on Wednesday, July 31st. They now have a $43.00 price target on the stock. Finally, analysts at Williams Capital raised their price target on shares of Northeast Utilities (NYSE:NU) from $46.00 to $49.00 in a research note to investors on Wednesday, July 31st. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Northeast Utilities currently has an average rating of “Hold” and an average price target of $46.45.
Northeast Utilities (NYSE:NU) opened at 41.44 on Friday. Northeast Utilities has a 52 week low of $37.53 and a 52 week high of $45.66. The stock’s 50-day moving average is $41.38 and its 200-day moving average is $42.7. The company has a market cap of $13.043 billion and a price-to-earnings ratio of 16.80.
Northeast Utilities (NYSE:NU) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. The company’s quarterly revenue was up .4% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.37 per share. This represents a $1.47 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Thursday, September 12th.
Northeast Utilities (NYSE:NU) is a public utility holding company.
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