NSTAR (NST) Q4 2011 Earnings Call January 27, 2012 09:00 AM ET Executives Jim Judge – SVP and CFO, NSTAR John Moreira – Investor Relations Phil Lembo – Vice President and Treasurer Analysts Maurice May – Power Insights Caroline Bone - Deutsche Bank David Paz – Bank of America Merrill Lynch Mark Barnett – Morningstar Financial Company PresentationOperator
Good day Ladies and Gentlemen, and welcome to the Fourth Quarter 2011 NSTAR Earnings Conference Call. My name is Janeta and I will be your operator for today. At this time, all participants are in listen-only-mode. Later we will conduct a question-and-answer session. (Operator instructions). As a reminder, this conference is being recorded for replay purposes. I would now like to turn the conference over to your host for today, Mr. John Moreira. Please proceed. John Moreira Thank you and good morning everyone. I would like to welcome you to NSTAR’s conference call to discuss our reported earnings for the fourth quarter and the full year of 2011. We will also provide an update on the mergers progress. With me today are Jim Judge, NSTAR’s Chief Financial Officer and Phil Lembo, Vice President and Treasurer. Before we get started with Jim’s formal remarks, let me remind you that some of the information discussed during this conference call will contain forward-looking statements within the meaning of Federal Security Laws. These forward-looking statements may contain statements about the benefits of the merger transaction, whether and when the transaction will be consummated, the combined company’s plans and other statements that are not historical facts.
Nstar (NYSE:NST) hit a new 52-week high Tuesday as it is currently trading at $48.87, above its previous 52-week high of $48.66 with 144,998 shares traded as of 3:30 p.m. ET. Average volume has been 364,500 shares over the past 30 days.
Nstar (NYSE:NST) hit a new 52-week high Monday as it is currently trading at $47.62, above its previous 52-week high of $47.59 with 124,806 shares traded as of 1:47 p.m. ET. Average volume has been 364,500 shares over the past 30 days.
The ex-dividend date for Nstar (NYSE:NST) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $46.80 as of 9:30 a.m., the dividend yield is 3.8%.