Nordea Investment Management AB maintained its stake in Eversource Energy (NYSE:ES) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,127 shares of the company’s stock at the end of the second quarter. Nordea Investment Management AB’s holdings in Eversource Energy were worth $3,482,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in ES. Ledyard National Bank boosted 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 approximately $206,000. Checchi Capital Advisers LLC boosted its stake in shares of 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. Gofen & Glossberg LLC IL boosted its stake in shares of 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. Finally, YHB Investment Advisors Inc. boosted its stake in shares of Eversource Energy by 11.2% in the second quarter. YHB Investment Advisors Inc. now owns 4,245 shares of the company’s stock worth $254,000 after buying an additional 426 shares during the period. 69.34% of the stock is owned by institutional investors and hedge funds.
Shares of Eversource Energy (NYSE:ES) traded down 0.30% during mid-day trading on Wednesday, reaching $53.97. The company had a trading volume of 1,629,979 shares. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of 19.84 and a beta of 0.29. The company has a 50 day moving average price of $54.04 and a 200 day moving average price of $56.18. Eversource Energy has a one year low of $48.18 and a one year 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 business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.81 billion. Eversource Energy had a net margin of 11.62% and a return on equity of 8.42%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. On average, analysts anticipate that Eversource Energy will post $2.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, September 15th. Eversource Energy’s payout ratio is 65.44%.
ES has been the subject of a number of research reports. Zacks Investment Research raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd. Argus reissued a “buy” rating and issued a $59.00 price objective (down previously from $64.00) on shares of Eversource Energy in a research note on Wednesday, October 12th. Williams Capital reissued a “buy” rating on shares of Eversource Energy in a research note on Friday, September 2nd. Deutsche Bank AG reissued a “hold” rating and issued a $58.00 price objective (down previously from $59.00) on shares of Eversource Energy in a research note on Monday, June 27th. Finally, Citigroup Inc. raised their price objective on Eversource Energy from $53.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, July 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Eversource Energy presently has an average rating of “Hold” and an average price target of $59.67.
In other Eversource Energy news, VP Gregory B. Butler sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The stock was 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 SEC, which is available at the SEC website. 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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