Key Developments: Northeast Utilities (NU)
44.43USD
20 May 2013
$-0.04 (-0.09%)
$44.47
$44.45
$44.63
$44.24
1,042,515
1,305,934
$45.66
$34.96
Latest Key Developments (Source: Significant Developments)
Northeast Utilities Reaffirms FY 2013 EPS Guidance-Conference Call
Northeast Utilities announced that it affirmed its fiscal 2013 earnings guidance of between $2.40 per share and $2.60 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.53 for fiscal 2013. Full Article
Northeast Utilities Reaffirms FY 2013 And Long Term EPS Guidance
Northeast Utilities announced that it affirmed its fiscal 2013 earnings guidance of between $2.40 per share and $2.60 per share, as well as its longer term earnings per share growth rate of 6% to 9%, using the $2.28 per share earned in fiscal 2012 as the base year. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.54 for fiscal 2013. Full Article
Northeast Utilities Raises Common Dividend
Northeast Utilities announced that Board of Trustees approved a quarterly dividend of $0.3675 per share, payable on March 28, 2013, to shareholders of record as of the close of business on March 1, 2013. The March 2013 dividend represents a 7.1 % increase over NU`s previous quarterly dividend level. Full Article
Northeast Utilities Declares Regular Common Dividend
Northeast Utilities announced that its Board of Trustees has declared a regular common dividend of $0.343 per share, payable December 31, 2012, to shareholders of record as of November 30, 2012. Full Article
Northeast Utilities Issues Q3 2012 EPS Guidance Below Analysts' Estimates; Issues Q4 2012 EPS Guidance Above Analysts' Estimates-Conference Call
Northeast Utilities announced that for the third quarter of 2012, it expects earnings per share (EPS) to be $0.56. For the fourth quarter of 2012, it expects earnings per share (EPS) to be $0.70. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.59 for the third quarter of 2012 and EPS of $0.67 for the fourth quarter of 2012 . Full Article
Northeast Utilities' NSTAR Electric and Gas and UWUA Local 369 Leadership Reach Contract Agreement
Northeast Utilities' NSTAR Electric and Gas and leadership of its largest labor union, Utility Workers Union of America AFL-CIO, Local 369, have reached agreement on a new three-year contract. The contract now awaits a ratification vote by union members on June 11th and will take effect immediately upon approval. The new deal provides for important and necessary updates to company-sponsored benefits programs while continuing to provide a comprehensive total compensation package. Key provisions of the new agreement include: Annual wage increases of 3%, 2.75% and 2.5%, respectively; A choice of three comprehensive medical, dental and vision plans; Enhanced 401(k) defined contribution plan for new hires; A new Roth IRA optional savings plan feature in the 401(k); and A commitment by the company to maintain its call center in Westwood, MA. UWUA Local 369 represents approximately 1,850 NSTAR employees working throughout the company’s service territory. Full Article
Northeast Utilities Announces Common Dividend
Northeast Utilities announced that Board of Trustees approved a quarterly dividend of $0.343 per common share, payable on June 29, 2012, to shareholders of record as of the close of business on June 1, 2012. Full Article
Northeast Utilities Announces Common Dividend
Northeast Utilities announced that the Board of Trustees approved a quarterly dividend of $0.29375 per share, payable on March 30, 2012, to shareholders of record as of the close of business on March 1, 2012. Full Article
Northeast Utilities Reiterates FY 2011 EPS Guidance
Northeast Utilities reiterated fiscal 2011 guidance and expects to report earnings guidance of between $2.30 per share and $2.40 per share(EPS) , excluding projected after-tax expenses of approximately $0.20 per share related to the NSTAR merger. Including the merger expenses, NU projects earnings of between $2.10 per share and $2.20 per share. Those estimates reflect distribution and generation segment earnings guidance of between $1.30 per share and $1.35 per share , transmission segment earnings guidance of between $1.05 per share and $1.10 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.33 for fiscal 2011. Full Article
Northeast Utilities Raises Low End Of Prior FY 2011 EPS Guidance To A Range In Line With Analysts' Estimates
Northeast Utilities raised the mid-point of its fiscal 2011 stand-alone full-year consolidated earnings guidance by raising the lower end of its earnings guidance range. Northeast Utilities now estimates it will earn between $2.30 per share and $2.40 per share (EPS), excluding projected after-tax expenses of approximately $0.20 per share related to the NSTAR merger. That estimate reflects an increase in the lower end of distribution and generation segment earnings guidance to between $1.30 per share and $1.35 per share. Previously, Northeast Utilities had projected consolidated earnings of between $2.25 per share and $2.40 per share, excluding the merger expenses, and distribution and generation earnings of between $1.25 per share and $1.35 per share. Including the merger expenses, Northeast Utilities projects earnings of between $2.10 per share and $2.20 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.32 for fiscal 2011. Full Article
Almost 150,000 without power in Boston area after snowstorm
Feb 8 - Almost 150,000 homes and businesses mostly in the Boston area were still without power midday Monday after a major snowstorm hit the U.S. Northeast over the weekend. The following is a list of some of the hardest hit utilities. Power Company Holding Company State Out Now NSTAR Northeast Utilities MA 91,800 National Grid - RI National Grid RI 24,000 National Grid - MA Na
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