Insider Selling: Northeast Utilities System Insider Sells 2,716 Shares of Stock (NU)
Northeast Utilities System (NYSE:NU) Insider Sanford Cloud, Jr. sold 2,716 shares of the company’s stock on the open market in a transaction dated Thursday, August 7th. The shares were sold at an average price of $42.57, for a total value of $115,620.12. Following the completion of the sale, the insider now directly owns 37,216 shares in the company, valued at approximately $1,584,285. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Northeast Utilities System (NYSE:NU) traded down 0.46% on Monday, hitting $43.28. The stock had a trading volume of 1,229,063 shares. Northeast Utilities System has a 1-year low of $40.01 and a 1-year high of $47.60. The stock has a 50-day moving average of $45. and a 200-day moving average of $45.06. The company has a market cap of $13.693 billion and a price-to-earnings ratio of 18.29.
Northeast Utilities System (NYSE:NU) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.02. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $0.54 earnings per share. Northeast Utilities System’s revenue was up 2.5% compared to the same quarter last year. Analysts expect that Northeast Utilities System will post $2.69 EPS for the current fiscal year.
Northeast Utilities (NYSE:NU) is a public utility holding company.
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