Strs Ohio boosted its position in shares of Eversource Energy (NYSE:ES) by 8.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,479 shares of the company’s stock after buying an additional 9,933 shares during the period. Strs Ohio’s holdings in Eversource Energy were worth $7,336,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. USS Investment Management Ltd boosted its stake in Eversource Energy by 88.3% in the first quarter. USS Investment Management Ltd now owns 113,105 shares of the company’s stock worth $6,601,000 after buying an additional 53,039 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Eversource Energy during the first quarter worth $59,370,000. Sentry Investment Management LLC raised its position in shares of Eversource Energy by 1.5% in the first quarter. Sentry Investment Management LLC now owns 24,060 shares of the company’s stock worth $1,404,000 after buying an additional 359 shares during the last quarter. BlackRock Japan Co. Ltd raised its position in shares of Eversource Energy by 0.8% in the first quarter. BlackRock Japan Co. Ltd now owns 397,750 shares of the company’s stock worth $23,205,000 after buying an additional 3,175 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Eversource Energy by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,270,044 shares of the company’s stock worth $482,474,000 after buying an additional 32,924 shares during the last quarter. Institutional investors and hedge funds own 69.38% of the company’s stock.
Eversource Energy (NYSE:ES) traded down 1.18% during trading on Monday, hitting $53.54. 1,676,974 shares of the stock were exchanged. The firm has a market cap of $16.98 billion, a PE ratio of 19.68 and a beta of 0.29. The firm’s 50-day moving average is $54.83 and its 200 day moving average is $56.57. Eversource Energy has a 52 week low of $48.18 and a 52 week high of $60.44.
Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.01. Eversource Energy had a net margin of 11.62% and a return on equity of 8.42%. The business earned $1.77 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm earned $0.65 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts expect that Eversource Energy will post $2.97 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 19th were given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Thursday, September 15th. Eversource Energy’s dividend payout ratio (DPR) is currently 65.44%.
A number of brokerages recently weighed in on ES. Zacks Investment Research lowered shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, June 15th. Barclays PLC upped 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 note 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 note on Monday, August 1st. Citigroup Inc. upped their target price on shares of Eversource Energy from $53.00 to $61.00 and gave the stock a “neutral” rating in a research note 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 note on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Eversource Energy currently has a consensus rating of “Hold” and a consensus target price of $61.29.
In other news, VP Gregory B. Butler sold 10,000 shares of the business’s stock in a transaction that occurred on 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 document filed with the SEC, which is available at the SEC website. 0.89% of the stock is currently owned by insiders.
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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