Artemis Investment Management LLP raised its stake in Eversource Energy (NYSE:ES) by 64.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 295,248 shares of the company’s stock after buying an additional 116,088 shares during the period. Artemis Investment Management LLP’s holdings in Eversource Energy were worth $17,682,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Investment Centers of America Inc. increased its position in shares of Eversource Energy by 0.8% in the first quarter. Investment Centers of America Inc. now owns 4,467 shares of the company’s stock valued at $261,000 after buying an additional 36 shares during the period. Checchi Capital Advisers LLC increased its position in Eversource Energy by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,581 shares of the company’s stock worth $215,000 after buying an additional 38 shares during the period. Barry Investment Advisors LLC increased its position in Eversource Energy by 0.8% in the second quarter. Barry Investment Advisors LLC now owns 6,073 shares of the company’s stock worth $364,000 after buying an additional 46 shares during the period. Advisor Partners LLC increased its position in Eversource Energy by 2.5% in the first quarter. Advisor Partners LLC now owns 5,932 shares of the company’s stock worth $346,000 after buying an additional 145 shares during the period. Finally, Gofen & Glossberg LLC IL increased its position in Eversource Energy by 5.0% in the second quarter. Gofen & Glossberg LLC IL now owns 4,218 shares of the company’s stock worth $253,000 after buying an additional 200 shares during the period. 69.38% of the stock is owned by institutional investors.
Eversource Energy (NYSE:ES) traded up 0.20% during mid-day trading on Monday, hitting $56.34. 1,769,395 shares of the company were exchanged. Eversource Energy has a 12-month low of $48.18 and a 12-month high of $60.44. The company has a market cap of $17.87 billion, a price-to-earnings ratio of 20.71 and a beta of 0.32. The stock’s 50 day moving average is $55.13 and its 200-day moving average is $56.66.
Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.81 billion. Eversource Energy had a return on equity of 8.42% and a net margin of 11.62%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. Equities research analysts predict that Eversource Energy will post $2.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, September 19th will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.78 annualized dividend and a yield of 3.16%. Eversource Energy’s dividend payout ratio is currently 65.44%.
ES has been the topic of a number of research analyst reports. Williams Capital reiterated a “buy” rating on shares of Eversource Energy in a research note on Friday, September 2nd. Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Monday, August 1st. Barclays PLC increased their price objective on shares of Eversource Energy from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, July 7th. Zacks Investment Research upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, July 1st. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $58.00 price objective (down from $59.00) on shares of Eversource Energy in a research note on Monday, June 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Eversource Energy presently has a consensus rating of “Hold” and an average target price of $61.29.
In other Eversource Energy news, VP Gregory B. Butler sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $54.77, for a total transaction of $547,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.89% of the company’s stock.
Eversource Energy Company Profile
Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.
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