Heritage Trust Co reduced its stake in Eversource Energy (NYSE:ES) by 12.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,249 shares of the utilities provider’s stock after selling 1,520 shares during the quarter. Heritage Trust Co’s holdings in Eversource Energy were worth $802,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Alberta Investment Management Corp acquired a new stake in Eversource Energy in the 4th quarter valued at about $7,597,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Eversource Energy by 26.3% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 240,775 shares of the utilities provider’s stock worth $20,483,000 after buying an additional 50,100 shares during the last quarter. Chevy Chase Trust Holdings Inc. grew its stake in Eversource Energy by 0.6% during the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 271,992 shares of the utilities provider’s stock worth $23,139,000 after buying an additional 1,730 shares during the last quarter. AlphaCrest Capital Management LLC grew its stake in shares of Eversource Energy by 26.7% in the 4th quarter. AlphaCrest Capital Management LLC now owns 14,766 shares of the utilities provider’s stock valued at $1,256,000 after purchasing an additional 3,112 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Eversource Energy in the 4th quarter valued at approximately $1,295,000. Institutional investors own 81.45% of the company’s stock.
Several brokerages recently issued reports on ES. KeyCorp lifted their price objective on Eversource Energy from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $97.00 price target for the company in a research report on Tuesday, May 12th. Barclays dropped their price target on Eversource Energy from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Friday. BMO Capital Markets began coverage on Eversource Energy in a research report on Wednesday, February 19th. They issued an “outperform” rating and a $100.00 price objective for the company. Finally, Seaport Global Securities began coverage on Eversource Energy in a research report on Wednesday. They issued a “buy” rating and a $88.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $89.44.
ES stock traded down $0.36 during trading on Friday, reaching $78.46. 1,053,472 shares of the stock traded hands, compared to its average volume of 1,903,556. The business’s 50 day moving average price is $82.46 and its 200-day moving average price is $84.82. Eversource Energy has a 52-week low of $60.69 and a 52-week high of $99.42. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.67. The firm has a market capitalization of $26.52 billion, a PE ratio of 27.53, a P/E/G ratio of 3.54 and a beta of 0.36.
Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.01. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. Eversource Energy had a return on equity of 9.16% and a net margin of 11.02%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. On average, equities research analysts predict that Eversource Energy will post 3.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.5675 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Tuesday, May 19th. Eversource Energy’s dividend payout ratio is presently 65.80%.
Eversource Energy Profile
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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