PGGM Investments increased its position in shares of Eversource Energy (NYSE:ES) by 2.7% during the second quarter, Holdings Channel reports. The firm owned 492,941 shares of the company’s stock after buying an additional 13,041 shares during the period. PGGM Investments’ holdings in Eversource Energy were worth $29,527,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Aperio Group LLC boosted its position 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 period. Virginia Retirement System acquired a new position in shares of Eversource Energy during the first quarter worth $300,000. IFP Advisors Inc boosted its position in shares of Eversource Energy by 15.4% in the first quarter. IFP Advisors Inc now owns 23,252 shares of the company’s stock worth $1,357,000 after buying an additional 3,110 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Eversource Energy by 1.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 46,787 shares of the company’s stock worth $2,730,000 after buying an additional 550 shares during the period. Finally, Teachers Advisors Inc. boosted its position in shares of Eversource Energy by 2.6% in the first quarter. Teachers Advisors Inc. now owns 845,571 shares of the company’s stock worth $49,331,000 after buying an additional 21,553 shares during the period. 69.38% of the stock is owned by institutional investors.
Shares of Eversource Energy (NYSE:ES) traded down 0.31% during trading on Wednesday, hitting $55.24. 1,120,563 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $55.08 and its 200 day moving average is $56.64. The firm has a market capitalization of $17.52 billion, a PE ratio of 20.31 and a beta of 0.32. Eversource Energy has a 1-year low of $48.18 and a 1-year high of $60.44.
Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by $0.01. The company earned $1.77 billion during the quarter, compared to analyst estimates of $1.81 billion. Eversource Energy had a return on equity of 8.42% and a net margin of 11.62%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. On average, equities research analysts forecast that Eversource Energy will post $2.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 19th will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, September 15th. Eversource Energy’s dividend payout ratio is presently 65.44%.
A number of research analysts have recently weighed in on ES shares. Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd. Williams Capital reaffirmed a “buy” rating on shares of Eversource Energy in a research note on Friday, September 2nd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $58.00 target price (down from $59.00) on shares of Eversource Energy in a research note on Monday, June 27th. Citigroup Inc. lifted their target price on shares of 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 shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price 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 shares were sold at an average price of $54.77, for a total transaction of $547,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.
Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES).
Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.