Shell Asset Management Co. raised its position in shares of Eversource Energy (NYSE:ES) by 17.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,091 shares of the company’s stock after buying an additional 7,273 shares during the period. Shell Asset Management Co.’s holdings in Eversource Energy were worth $3,000,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of ES. Investment Centers of America Inc. raised its position in 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. Checchi Capital Advisers LLC raised its position in Eversource Energy by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,581 shares of the company’s stock worth $215,000 after buying an additional 38 shares during the last quarter. Barry Investment Advisors LLC raised its position in Eversource Energy by 0.8% in the second quarter. Barry Investment Advisors LLC now owns 6,073 shares of the company’s stock worth $364,000 after buying an additional 46 shares during the last quarter. Advisor Partners LLC raised its position in Eversource Energy by 2.5% in the first quarter. Advisor Partners LLC now owns 5,932 shares of the company’s stock worth $346,000 after buying an additional 145 shares during the last quarter. Finally, Gofen & Glossberg LLC IL raised its position in Eversource Energy by 5.0% in the second quarter. Gofen & Glossberg LLC IL now owns 4,218 shares of the company’s stock worth $253,000 after buying an additional 200 shares during the last quarter. 69.38% of the stock is currently owned by institutional investors.
Shares of Eversource Energy (NYSE:ES) traded up 0.73% during midday trading on Friday, reaching $56.23. The company’s stock had a trading volume of 1,731,632 shares. The stock has a 50-day moving average of $55.18 and a 200 day moving average of $56.66. The company has a market cap of $17.84 billion, a price-to-earnings ratio of 20.67 and a beta of 0.32. Eversource Energy has a 12 month low of $48.18 and a 12 month high of $60.44.
Eversource Energy (NYSE:ES) last released its 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 firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS. On average, analysts predict that Eversource Energy will post $2.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Monday, September 19th will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.17%. Eversource Energy’s payout ratio is currently 65.44%.
A number of research firms recently issued reports on ES. Zacks Investment Research lowered Eversource Energy from a “hold” rating to a “sell” rating in a report on Thursday, September 15th. Williams Capital reaffirmed a “buy” rating on shares of Eversource Energy in a report on Friday, September 2nd. Janney Montgomery Scott raised 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. Citigroup Inc. lifted their target price on Eversource Energy from $53.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. Finally, Barclays PLC lifted their target price on Eversource Energy from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, July 7th. One equities 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 stock presently has an average rating of “Hold” and a consensus price target of $61.29.
In other news, VP Gregory B. Butler sold 10,000 shares of the business’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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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