Gamco Investors INC. ET AL Has $18.17 Million Position in Eversource Energy (ES)
Gamco Investors INC. ET AL lessened its holdings in Eversource Energy (NYSE:ES) by 6.3% during the first quarter, HoldingsChannel.com reports. The firm owned 308,372 shares of the utilities provider’s stock after selling 20,684 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Eversource Energy were worth $18,169,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of Eversource Energy by 6.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,141,496 shares of the utilities provider’s stock valued at $72,120,000 after acquiring an additional 64,919 shares during the period. Strs Ohio increased its position in shares of Eversource Energy by 21.2% in the fourth quarter. Strs Ohio now owns 38,417 shares of the utilities provider’s stock valued at $2,427,000 after acquiring an additional 6,715 shares during the period. Regentatlantic Capital LLC purchased a new position in shares of Eversource Energy in the fourth quarter valued at about $303,000. Lourd Capital LLC purchased a new position in shares of Eversource Energy in the fourth quarter valued at about $251,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Eversource Energy by 612.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 127,407 shares of the utilities provider’s stock valued at $8,050,000 after acquiring an additional 109,528 shares during the period. Institutional investors own 74.32% of the company’s stock.
In related news, EVP Christine M. Carmody sold 21,500 shares of the business’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $57.79, for a total transaction of $1,242,485.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph R. Nolan, Jr. sold 6,282 shares of the business’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $57.03, for a total transaction of $358,262.46. The disclosure for this sale can be found here. Insiders have sold 27,894 shares of company stock worth $1,607,181 in the last three months. 0.53% of the stock is currently owned by insiders.
Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, May 3rd. The utilities provider reported $0.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.85. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.10 billion. Eversource Energy had a net margin of 12.58% and a return on equity of 9.04%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. research analysts expect that Eversource Energy will post 3.25 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Thursday, May 24th will be paid a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a yield of 3.59%. The ex-dividend date is Wednesday, May 23rd. Eversource Energy’s payout ratio is currently 64.95%.
A number of research firms have issued reports on ES. Janney Montgomery Scott cut shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. Evercore ISI began coverage on shares of Eversource Energy in a research report on Thursday, March 8th. They issued an “outperform” rating and a $62.00 price objective on the stock. Citigroup upgraded shares of Eversource Energy from a “sell” rating to a “neutral” rating and set a $59.00 price objective on the stock in a research report on Tuesday, May 1st. Morgan Stanley lowered shares of Eversource Energy from an “overweight” rating to an “equal weight” rating and set a $63.00 target price on the stock. in a research note on Tuesday, February 13th. Finally, Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Eversource Energy presently has a consensus rating of “Hold” and a consensus price target of $63.12.
Eversource Energy Company Profile
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES).
Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.