Eversource Energy (ES) Stake Boosted by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can boosted its stake in shares of Eversource Energy (NYSE:ES) by 1.4% during the third quarter, Holdings Channel reports. The fund owned 250,848 shares of the company’s stock after buying an additional 3,543 shares during the period. Great West Life Assurance Co. Can’s holdings in Eversource Energy were worth $13,577,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. bought a new stake in Eversource Energy during the second quarter valued at about $62,821,000. Cohen & Steers Inc. increased its stake in Eversource Energy by 81.5% in the second quarter. Cohen & Steers Inc. now owns 2,220,976 shares of the company’s stock valued at $93,597,000 after buying an additional 997,331 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in Eversource Energy by 211.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,460,239 shares of the company’s stock valued at $87,468,000 after buying an additional 991,300 shares in the last quarter. Janus Capital Management LLC increased its stake in Eversource Energy by 239.2% in the second quarter. Janus Capital Management LLC now owns 1,361,439 shares of the company’s stock valued at $81,550,000 after buying an additional 960,083 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in Eversource Energy by 7.5% in the second quarter. BlackRock Fund Advisors now owns 8,635,256 shares of the company’s stock valued at $517,252,000 after buying an additional 602,891 shares in the last quarter. Institutional investors and hedge funds own 68.89% of the company’s stock.
Eversource Energy (NYSE:ES) opened at 55.15 on Friday. Eversource Energy has a 1-year low of $50.16 and a 1-year high of $60.44. The company has a 50-day moving average price of $54.15 and a 200-day moving average price of $55.04. The company has a market cap of $17.48 billion, a PE ratio of 19.63 and a beta of 0.28.
Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, November 2nd. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. Eversource Energy had a net margin of 11.85% and a return on equity of 8.61%. The business earned $2.04 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. On average, analysts expect that Eversource Energy will post $2.98 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Wednesday, December 14th. Eversource Energy’s dividend payout ratio (DPR) is presently 63.35%.
Several equities research analysts have issued reports on ES shares. Citigroup Inc. dropped their target price on Eversource Energy from $61.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 4th. Argus restated a “buy” rating and set a $59.00 target price (down previously from $64.00) on shares of Eversource Energy in a research report on Wednesday, October 12th. Zacks Investment Research upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 21st. Deutsche Bank AG upgraded Eversource Energy from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Tuesday, December 20th. Finally, Barclays PLC dropped their target price on Eversource Energy from $65.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 4th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Eversource Energy presently has a consensus rating of “Buy” and a consensus target price of $60.14.
In other news, insider Thomas J. May sold 40,000 shares of Eversource Energy stock in a transaction on Monday, January 9th. The shares were sold at an average price of $54.79, for a total transaction of $2,191,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.89% of the stock is currently owned by company 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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