Northeast Utilities Plans Quarterly Dividend of $0.39 (NU)
Northeast Utilities (NYSE:NU) announced a quarterly dividend on Thursday, May 1st, Analyst Ratings News reports. Stockholders of record on Friday, May 30th will be paid a dividend of 0.3925 per share on Monday, June 30th. This represents a $1.57 annualized dividend and a dividend yield of 3.33%.
Several analysts have recently commented on the stock. Analysts at Argus raised their price target on shares of Northeast Utilities from $52.00 to $54.00 in a research note on Monday. They now have a “buy” rating on the stock. On a related note, analysts at Deutsche Bank reiterated a “hold” rating on shares of Northeast Utilities in a research note on Wednesday, April 23rd. They now have a $47.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Northeast Utilities in a research note on Monday, March 10th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $46.82.
Northeast Utilities (NYSE:NU) traded down 0.21% during mid-day trading on Thursday, hitting $47.16. The stock had a trading volume of 1,278,933 shares. Northeast Utilities has a 52 week low of $39.35 and a 52 week high of $47.60. The stock has a 50-day moving average of $45.48 and a 200-day moving average of $43.40. The company has a market cap of $14.876 billion and a price-to-earnings ratio of 18.98.
Northeast Utilities (NYSE:NU) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $1.96 billion. The company’s quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts predict that Northeast Utilities will post $2.71 earnings per share for the current fiscal year.
Northeast Utilities (NYSE:NU) is a public utility holding company.
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