Is Now a Good Time to Consider Northeast Utilities?

Filed under: Stocks to Buy, Northeast Utilities (NU)

In today's unpredictable, seemingly continually changing investment climate, it's prudent to own an "old reliable" stock or two, and Northeast Utilities (NU) qualifies.

Northeast Utilities, first discussed here on May 5, 2009, at a price of $21.48, offers the opportunity to net a modest gain, plus a dividend.

Northeast's proposed merger with NStar (NST) should close in the second half of 2011 and create one of the largest utility companies in the United States. The deal should be accretive to earnings in 2011. Northeast's annual dividend is $1.60.

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Is Now a Good Time to Consider Northeast Utilities? originally appeared on BloggingStocks on Sat, 19 Mar 2011 12:40:00 EST. Please see our terms for use of feeds.

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