Northeast Utilities (NU) Announces Quarterly Dividend of $0.39
Northeast Utilities (NYSE:NU) declared a quarterly dividend on Tuesday, February 4th, Stock Ratings News reports. Investors of record on Monday, March 3rd will be given a dividend of 0.3925 per share on Monday, March 31st. This represents a $1.57 dividend on an annualized basis and a yield of 3.61%.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Northeast Utilities in a research note to investors on Monday. They now have a $43.50 price target on the stock, down previously from $44.00. On the ratings front, analysts at Barclays cut their price target on shares of Northeast Utilities from $48.00 to $44.00 in a research note to investors on Monday, January 6th. They now have an “overweight” rating on the stock. Finally, analysts at Ned Davis Research downgraded shares of Northeast Utilities from a “neutral” rating to a “sell” rating in a research note to investors on Monday, December 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $45.96.
Northeast Utilities (NYSE:NU) traded up 0.07% during mid-day trading on Tuesday, hitting $43.48. 1,775,164 shares of the company’s stock traded hands. Northeast Utilities has a 52 week low of $39.35 and a 52 week high of $45.66. The stock’s 50-day moving average is $42.43 and its 200-day moving average is $42.14. The company has a market cap of $13.700 billion and a price-to-earnings ratio of 17.49.
In other Northeast Utilities news, SVP Joseph Nolan, Jr. sold 38,923 shares of Northeast Utilities stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $43.00, for a total transaction of $1,673,689.00. Following the completion of the sale, the senior vice president now directly owns 56,689 shares of the company’s stock, valued at approximately $2,437,627. The sale was disclosed in a document filed with the SEC, which is available at this link.
Northeast Utilities (NYSE:NU) is a public utility holding company.
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