New England Professional Planning Group Inc. bought a new stake in shares of Eversource Energy (NYSE:ES) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 8,302 shares of the company’s stock, valued at approximately $484,000. Eversource Energy comprises 0.5% of New England Professional Planning Group Inc.’s holdings, making the stock its 24th largest position.
Several other large investors have also made changes to their positions in the stock. Virginia Retirement System purchased a new stake in shares of Eversource Energy during the first quarter valued at $300,000. Los Angeles Capital Management & Equity Research Inc. raised its stake 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 valued at $2,730,000 after buying an additional 550 shares during the period. Teachers Advisors Inc. raised its stake 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 valued at $49,331,000 after buying an additional 21,553 shares during the period. Prudential Financial Inc. raised its stake in shares of Eversource Energy by 0.7% in the first quarter. Prudential Financial Inc. now owns 410,113 shares of the company’s stock valued at $23,926,000 after buying an additional 2,700 shares during the period. Finally, FDO Partners LLC purchased a new stake in shares of Eversource Energy during the first quarter valued at $484,000. 69.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Eversource Energy (NYSE:ES) traded down 0.13% during mid-day trading on Wednesday, hitting $52.54. The stock had a trading volume of 1,645,563 shares. The stock’s 50-day moving average is $54.72 and its 200 day moving average is $56.53. The company has a market cap of $16.67 billion, a PE ratio of 19.32 and a beta of 0.29. Eversource Energy has a 12 month low of $48.18 and a 12 month high of $60.44.
Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.01. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Eversource Energy had a net margin of 11.62% and a return on equity of 8.42%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 EPS. On average, equities research analysts forecast that Eversource Energy will post $2.97 earnings per share for the current fiscal year.
The company also recently disclosed 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. This represents a $1.78 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Thursday, September 15th. Eversource Energy’s dividend payout ratio (DPR) is presently 65.44%.
ES has been the subject of several recent research reports. Zacks Investment Research lowered Eversource Energy from a “hold” rating to a “sell” rating in a report on Thursday, September 15th. Barclays PLC lifted their price objective on Eversource Energy from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, July 7th. Citigroup Inc. cut their target price on Eversource Energy from $61.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday. Janney Montgomery Scott upgraded 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. Finally, Williams Capital restated a “buy” rating on shares of Eversource Energy in a research note on Friday, September 2nd. 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 company’s stock. Eversource Energy currently has an average rating of “Hold” and a consensus target price of $59.71.
In related news, VP Gregory B. Butler sold 10,000 shares of the company’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is accessible 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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