Westpac Banking Corp raised its position in Eversource Energy (NYSE:ES) by 97.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,408 shares of the company’s stock after buying an additional 14,014 shares during the period. Westpac Banking Corp’s holdings in Eversource Energy were worth $1,551,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. AMP Capital Investors Ltd increased its position in Eversource Energy by 4.5% in the first quarter. AMP Capital Investors Ltd now owns 978,129 shares of the company’s stock worth $57,114,000 after buying an additional 42,077 shares in the last quarter. Renaissance Technologies LLC increased its position in Eversource Energy by 21.8% in the first quarter. Renaissance Technologies LLC now owns 903,400 shares of the company’s stock worth $52,704,000 after buying an additional 161,400 shares in the last quarter. Artemis Investment Management LLP increased its position in Eversource Energy by 64.8% in the second quarter. Artemis Investment Management LLP now owns 295,248 shares of the company’s stock worth $17,682,000 after buying an additional 116,088 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in Eversource Energy by 13.5% in the first quarter. Stratos Wealth Partners LTD. now owns 7,456 shares of the company’s stock worth $435,000 after buying an additional 885 shares in the last quarter. Finally, Icon Advisers Inc. Co. increased its position in Eversource Energy by 87.7% in the second quarter. Icon Advisers Inc. Co. now owns 53,300 shares of the company’s stock worth $3,193,000 after buying an additional 24,900 shares in the last quarter. Institutional investors own 69.38% of the company’s stock.
Shares of Eversource Energy (NYSE:ES) traded down 0.07% on Friday, hitting $54.65. 166,514 shares of the stock traded hands. The stock has a market cap of $17.34 billion, a price-to-earnings ratio of 20.09 and a beta of 0.32. The stock has a 50 day moving average price of $55.02 and a 200-day moving average price of $56.62. Eversource Energy has a 52 week low of $48.18 and a 52 week high of $60.44.
Eversource Energy (NYSE:ES) last posted its 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. The business 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share. On average, equities research analysts forecast that Eversource Energy will post $2.97 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 19th will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 15th. Eversource Energy’s dividend payout ratio (DPR) is presently 65.44%.
Several equities research analysts recently issued reports on ES shares. Williams Capital reiterated a “buy” rating on shares of Eversource Energy in a research note on Friday, September 2nd. Zacks Investment Research upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd. Janney Montgomery Scott upgraded 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. Barclays PLC raised their target price on shares of Eversource Energy from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, July 7th. Finally, Citigroup Inc. raised their target price on shares of Eversource Energy from $53.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.29.
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 transaction of $547,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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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