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

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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'
• Ross Stores, Inc. (ROST) PT Raised to $240 at Bernstein SocGen Group