Quadrant Capital Group LLC held its stake in shares of Eversource Energy (NYSE:ES) during the second quarter, according to its most recent filing with the SEC. The fund owned 2,567 shares of the company’s stock at the end of the second quarter. Quadrant Capital Group LLC’s holdings in Eversource Energy were worth $152,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. Checchi Capital Advisers LLC increased its stake in shares of Eversource Energy by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,581 shares of the company’s stock valued at $215,000 after buying an additional 38 shares in the last quarter. Barry Investment Advisors LLC increased its stake in shares of Eversource Energy by 0.8% in the second quarter. Barry Investment Advisors LLC now owns 6,073 shares of the company’s stock valued at $364,000 after buying an additional 46 shares in the last quarter. Advisor Partners LLC increased its stake in shares of Eversource Energy by 2.5% in the first quarter. Advisor Partners LLC now owns 5,932 shares of the company’s stock valued at $346,000 after buying an additional 145 shares in the last quarter. Gofen & Glossberg LLC IL increased its stake in shares of Eversource Energy by 5.0% in the second quarter. Gofen & Glossberg LLC IL now owns 4,218 shares of the company’s stock valued at $253,000 after buying an additional 200 shares in the last quarter. Finally, Grimes & Company Inc. increased its stake in shares of Eversource Energy by 4.1% in the second quarter. Grimes & Company Inc. now owns 7,254 shares of the company’s stock valued at $435,000 after buying an additional 288 shares in the last quarter. 69.38% of the stock is currently owned by institutional investors and hedge funds.
Eversource Energy (NYSE:ES) traded up 0.30% during mid-day trading on Thursday, hitting $52.72. 1,808,667 shares of the company’s stock traded hands. Eversource Energy has a one year low of $48.18 and a one year high of $60.44. The firm’s 50-day moving average price is $54.64 and its 200-day moving average price is $56.51. The stock has a market cap of $16.72 billion, a PE ratio of 19.38 and a beta of 0.29.
Eversource Energy (NYSE:ES) last posted 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 return on equity of 8.42% and a net margin of 11.62%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm’s revenue was down 2.7% on a year-over-year basis. On average, analysts forecast that Eversource Energy will post $2.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were issued a $0.445 dividend. The ex-dividend date was Thursday, September 15th. This represents a $1.78 annualized dividend and a yield of 3.38%. Eversource Energy’s dividend payout ratio (DPR) is currently 65.44%.
A number of research analysts have recently commented on ES shares. Deutsche Bank AG restated a “hold” rating and issued a $58.00 price target (down from $59.00) on shares of Eversource Energy in a report on Monday, June 27th. Zacks Investment Research cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a report on Wednesday, June 15th. Barclays PLC upped their price target on shares of 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. upped their price target on shares of Eversource Energy from $53.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. Finally, Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $59.71.
In related news, VP Gregory B. Butler sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $54.77, for a total value of $547,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.89% of the stock is currently owned by corporate insiders.
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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