01-07-2015, 09:53 PM
(This post was last modified: 01-07-2015, 09:54 PM by Dividend Watcher.)
I just lightened up on NU yesterday. At the top of their P/E band, yield now hovering just under 3%, FERC just gave them a mild spanking last fall with their allowed ROE and CL&P rate case was similarly tight. They have a bright future with the NStar acquisition and bringing in more gas from the Marcellus and hydro from Quebec will ease some of their resource restrictions but that's a couple years off (at least). Trying to decide what to do with the proceeds. I'll probably get back in when the yield is in the high-3%'s.
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“Remember, things are never clear until it’s too late.”; Peter Lynch, One Up On Wall Street
“Remember, things are never clear until it’s too late.”; Peter Lynch, One Up On Wall Street