Goldman Sachs Sees Earnings Uplift and Dividend Increase at NV Energy (NVE)

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NVE Hot Sheet

Rating Summary:
5 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38

Goldman Sachs made positive comments on Buy-rated NV Energy (NYSE: NVE), saying they see an earnings uplift followed by a dividend hike.

The recent Nevada rate order will drive an EPS increase of $0.36, the firm notes. While slightly below the firm's previous expectation of $0.40, it represents 42% EPS growth in 2012.

Goldman expects the company to raise its quarterly dividend by over 20% later this year, from $0.13/share to $0.16/share.

The firm updated 2011-2013 EPS forecasts from $0.85/$1.25/$1.30 to $0.85/$1.21/$1.27 and maintain their 12-month, $17 price target

For an analyst ratings summary and ratings history on NV Energy click here. For more ratings news on NV Energy click here.

Shares of NV Energy closed at $16.09 yesterday, with a 52 week range of $12.31-$16.59.

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