Blue Fin Capital Inc. decreased its stake in shares of Eversource Energy (NYSE:ES) by 2.3% during the second quarter, Holdings Channel reports. The institutional investor owned 7,621 shares of the company’s stock after selling 179 shares during the period. Blue Fin Capital Inc.’s holdings in Eversource Energy were worth $456,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. National Pension Service raised its stake in shares of Eversource Energy by 4.5% in the first quarter. National Pension Service now owns 191,062 shares of the company’s stock valued at $11,147,000 after buying an additional 8,208 shares in the last quarter. AMP Capital Investors Ltd raised its stake in shares of Eversource Energy by 4.5% in the first quarter. AMP Capital Investors Ltd now owns 978,129 shares of the company’s stock valued at $57,114,000 after buying an additional 42,077 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Eversource Energy by 21.8% in the first quarter. Renaissance Technologies LLC now owns 903,400 shares of the company’s stock valued at $52,704,000 after buying an additional 161,400 shares in the last quarter. Thomaspartners Inc. raised its stake in shares of Eversource Energy by 1.2% in the first quarter. Thomaspartners Inc. now owns 3,020,582 shares of the company’s stock valued at $176,221,000 after buying an additional 36,029 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Eversource Energy by 23.7% in the first quarter. Wellington Management Group LLP now owns 15,277,277 shares of the company’s stock valued at $891,277,000 after buying an additional 2,927,198 shares in the last quarter. Institutional investors and hedge funds own 69.34% of the company’s stock.
Eversource Energy (NYSE:ES) traded up 0.874% during mid-day trading on Monday, hitting $53.645. The stock had a trading volume of 885,856 shares. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of 19.722 and a beta of 0.29. The stock’s 50 day moving average price is $54.05 and its 200 day moving average price is $56.28. Eversource Energy has a one year low of $48.18 and a one year high of $60.44.
Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.64 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 company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $0.65 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts forecast that Eversource Energy will post $2.97 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors 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 annualized dividend and a yield of 3.31%. Eversource Energy’s dividend payout ratio (DPR) is presently 65.44%.
A number of research analysts recently weighed in on the company. Barclays PLC raised their price objective on Eversource Energy from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, July 7th. Zacks Investment Research raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, July 1st. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Monday, August 1st. 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. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $58.00 price objective (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 assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $59.67.
In related news, VP Gregory B. Butler sold 10,000 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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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