American Century Companies Inc. bought a new stake in Eversource Energy (NYSE:ES) during the second quarter, Holdings Channel reports. The fund bought 1,048,768 shares of the company’s stock, valued at approximately $62,821,000.
A number of other large investors have also added to or reduced their stakes in ES. Advisor Partners LLC boosted its position in shares of 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 last quarter. USS Investment Management Ltd boosted its position in shares of 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 during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in shares of Eversource Energy during the first quarter worth approximately $59,370,000. Sentry Investment Management LLC boosted 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. Finally, BlackRock Japan Co. Ltd boosted 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. Hedge funds and other institutional investors own 69.38% of the company’s stock.
Shares of Eversource Energy (NYSE:ES) traded down 1.74% during mid-day trading on Tuesday, reaching $52.61. The company’s stock had a trading volume of 2,520,209 shares. The firm has a market cap of $16.69 billion, a price-to-earnings ratio of 19.34 and a beta of 0.29. The company’s 50-day moving average is $54.72 and its 200 day moving average is $56.53. Eversource Energy has a 12 month low of $48.18 and a 12 month high of $60.44.
Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.01. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Eversource Energy had a net margin of 11.62% and a return on equity of 8.42%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. On average, equities analysts anticipate that Eversource Energy will post $2.97 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 19th were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.38%. Eversource Energy’s dividend payout ratio (DPR) is currently 65.44%.
A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Eversource Energy from a “hold” rating to a “sell” rating in a report on Wednesday, June 15th. Barclays PLC decreased their price objective on Eversource Energy from $65.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday. Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Monday, August 1st. Citigroup Inc. decreased their price objective on Eversource Energy from $61.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Deutsche Bank AG restated a “hold” rating and issued a $58.00 price objective (down from $59.00) on shares of Eversource Energy in a report on Monday, June 27th. One 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 company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $59.71.
In other news, VP Gregory B. Butler sold 10,000 shares of Eversource Energy stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $54.77, for a total transaction of $547,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.89% of the company’s stock.
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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