Northeast Utilities System Insider Sells $9,823,351 in Stock (NU)
Northeast Utilities System (NYSE:NU) Insider Thomas J. May unloaded 208,608 shares of the stock in a transaction that occurred on Thursday, June 19th. The stock was sold at an average price of $47.09, for a total transaction of $9,823,350.72. Following the completion of the transaction, the insider now directly owns 317,398 shares in the company, valued at approximately $14,946,272. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on NU. Analysts at Zacks reiterated a “neutral” rating on shares of Northeast Utilities System in a research note on Wednesday, June 18th. They now have a $48.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of Northeast Utilities System from $52.00 to $54.00 in a research note on Monday, April 28th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Northeast Utilities System has an average rating of “Hold” and an average price target of $47.75.
Northeast Utilities System (NYSE:NU) traded down 0.39% during mid-day trading on Monday, hitting $46.27. The stock had a trading volume of 1,232,100 shares. Northeast Utilities System has a 52-week low of $39.51 and a 52-week high of $47.60. The stock’s 50-day moving average is $45.62 and its 200-day moving average is $44.23. The company has a market cap of $14.621 billion and a P/E ratio of 18.51.
Northeast Utilities System (NYSE:NU) last announced its earnings results 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 System will post $2.70 earnings per share for the current fiscal year.
Northeast Utilities (NYSE:NU) is a public utility holding company.
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