Huntington National Bank continued to hold its stake in shares of Eversource Energy (NYSE:ES) during the second quarter, Holdings Channel reports. The firm owned 5,613 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Eversource Energy were worth $284,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the company. Ledyard National Bank raised its stake in shares of Eversource Energy by 24.5% in the second quarter. Ledyard National Bank now owns 2,968 shares of the company’s stock worth $178,000 after buying an additional 585 shares during the period. CHICAGO TRUST Co NA purchased a new stake in shares of Eversource Energy during the second quarter worth about $206,000. Checchi Capital Advisers LLC boosted its stake in Eversource Energy by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,581 shares of the company’s stock valued at $215,000 after buying an additional 38 shares in the last quarter. Gofen & Glossberg LLC IL boosted its stake in Eversource Energy by 5.0% in the second quarter. Gofen & Glossberg LLC IL now owns 4,218 shares of the company’s stock valued at $253,000 after buying an additional 200 shares in the last quarter. Finally, YHB Investment Advisors Inc. boosted its stake in Eversource Energy by 11.2% in the second quarter. YHB Investment Advisors Inc. now owns 4,245 shares of the company’s stock valued at $254,000 after buying an additional 426 shares in the last quarter. 69.38% of the stock is currently owned by institutional investors and hedge funds.
Eversource Energy (NYSE:ES) traded down 0.93% during mid-day trading on Friday, reaching $54.18. 2,550,587 shares of the company’s stock were exchanged. Eversource Energy has a one year low of $48.18 and a one year high of $60.44. The company’s 50-day moving average is $54.93 and its 200 day moving average is $56.60. The firm has a market capitalization of $17.19 billion, a P/E ratio of 19.92 and a beta of 0.32.
Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.01. The company earned $1.77 billion during 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 company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. Equities analysts predict that Eversource Energy will post $2.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 19th were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Thursday, September 15th. Eversource Energy’s payout ratio is presently 65.44%.
Several research firms have recently commented on ES. Zacks Investment Research cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, June 15th. Barclays PLC raised their target price on shares of Eversource Energy from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 7th. Janney Montgomery Scott raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Monday, August 1st. Citigroup Inc. raised their target price on shares of Eversource Energy from $53.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 20th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $58.00 target price (down from $59.00) on shares of Eversource Energy in a research report on Monday, June 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $61.29.
In other news, VP Gregory B. Butler sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $54.77, for a total value of $547,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.89% of the stock is currently owned by insiders.
About Eversource Energy
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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