Hartford Investment Management Co. raised its holdings in Eversource Energy (NYSE:ES) by 60.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,864 shares of the utilities provider’s stock after purchasing an additional 24,528 shares during the quarter. Hartford Investment Management Co.’s holdings in Eversource Energy were worth $4,602,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of ES. Norges Bank acquired a new position in Eversource Energy during the 4th quarter worth $166,695,000. Commonwealth Bank of Australia lifted its holdings in Eversource Energy by 6,196.5% during the 4th quarter. Commonwealth Bank of Australia now owns 2,325,159 shares of the utilities provider’s stock worth $151,213,000 after buying an additional 2,288,231 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Eversource Energy by 6,323.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,217,214 shares of the utilities provider’s stock worth $34,000 after buying an additional 2,182,698 shares during the last quarter. American Century Companies Inc. lifted its holdings in Eversource Energy by 35.7% during the 4th quarter. American Century Companies Inc. now owns 4,563,601 shares of the utilities provider’s stock worth $296,817,000 after buying an additional 1,200,309 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in Eversource Energy by 2.4% during the 4th quarter. BlackRock Inc. now owns 28,130,030 shares of the utilities provider’s stock worth $1,829,577,000 after buying an additional 661,442 shares during the last quarter. Institutional investors own 74.36% of the company’s stock.
In other Eversource Energy news, EVP Christine M. Carmody sold 15,000 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $70.06, for a total transaction of $1,050,900.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Leon J. Olivier sold 7,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $72.95, for a total value of $510,650.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 118,201 shares of company stock worth $8,238,010. 0.37% of the stock is owned by insiders.
A number of analysts have issued reports on ES shares. Credit Suisse Group set a $76.00 price target on Eversource Energy and gave the stock a “buy” rating in a report on Monday, April 22nd. Williams Capital reissued a “buy” rating on shares of Eversource Energy in a report on Monday, March 18th. Goldman Sachs Group raised Eversource Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 30th. Morgan Stanley boosted their target price on Eversource Energy from $69.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Finally, Zacks Investment Research raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight 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 $69.90.
NYSE ES remained flat at $$73.74 on Wednesday. The company’s stock had a trading volume of 852,600 shares, compared to its average volume of 1,675,111. The firm has a market cap of $23.33 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 3.85 and a beta of 0.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.50 and a quick ratio of 0.44. Eversource Energy has a 52 week low of $52.76 and a 52 week high of $74.16.
Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Eversource Energy had a return on equity of 9.43% and a net margin of 12.50%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. As a group, research analysts predict that Eversource Energy will post 3.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Wednesday, May 22nd. Eversource Energy’s dividend payout ratio (DPR) is presently 65.24%.
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Eversource Energy Company Profile
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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