British Airways Pensions Investment Management Ltd maintained its stake in shares of Eversource Energy (NYSE:ES) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 329,466 shares of the company’s stock at the end of the second quarter. British Airways Pensions Investment Management Ltd’s holdings in Eversource Energy were worth $19,813,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Chevy Chase Trust Holdings Inc. raised its stake in shares of Eversource Energy by 2.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 268,435 shares of the company’s stock worth $15,660,000 after buying an additional 6,923 shares during the last quarter. DnB Asset Management AS raised its stake in shares of Eversource Energy by 121.4% in the first quarter. DnB Asset Management AS now owns 24,621 shares of the company’s stock worth $1,436,000 after buying an additional 13,500 shares during the last quarter. PGGM Investments raised its stake in shares of Eversource Energy by 4.8% in the first quarter. PGGM Investments now owns 479,900 shares of the company’s stock worth $27,997,000 after buying an additional 21,830 shares during the last quarter. Investment Centers of America Inc. raised its stake in shares of Eversource Energy by 0.8% in the first quarter. Investment Centers of America Inc. now owns 4,467 shares of the company’s stock worth $261,000 after buying an additional 36 shares during the last quarter. Finally, Aperio Group LLC raised its stake in shares of Eversource Energy by 9.9% in the first quarter. Aperio Group LLC now owns 115,690 shares of the company’s stock worth $6,749,000 after buying an additional 10,413 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 up 1.87% on Wednesday, hitting $55.45. The company had a trading volume of 1,979,638 shares. Eversource Energy has a 12-month low of $47.46 and a 12-month high of $60.44. The firm has a 50 day moving average of $55.27 and a 200-day moving average of $56.66. The firm has a market capitalization of $17.59 billion, a P/E ratio of 20.39 and a beta of 0.32.
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. On average, equities analysts predict that Eversource Energy will post $2.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 19th will be given a dividend of $0.445 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.78 annualized dividend and a yield of 3.21%. Eversource Energy’s dividend payout ratio (DPR) is presently 65.44%.
A number of research firms have recently weighed in on ES. Zacks Investment Research downgraded Eversource Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, June 15th. Deutsche Bank AG reaffirmed a “hold” rating and set a $58.00 price target (down from $59.00) on shares of Eversource Energy in a research note on Monday, June 27th. Barclays PLC raised their price target on Eversource Energy from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 7th. Citigroup Inc. raised their price target on Eversource Energy from $53.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 20th. Finally, Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Monday, August 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $61.29.
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.
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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