Eversource Energy (ES) Holdings Raised by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Eversource Energy (NYSE:ES) by 7.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 18,531 shares of the utilities provider’s stock after purchasing an additional 1,244 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Eversource Energy were worth $1,315,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of ES. JPMorgan Chase & Co. grew its holdings in shares of Eversource Energy by 3.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,102,792 shares of the utilities provider’s stock worth $129,195,000 after acquiring an additional 76,996 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Eversource Energy by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 34,614,034 shares of the utilities provider’s stock worth $2,126,686,000 after acquiring an additional 436,242 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Eversource Energy in the 4th quarter worth $514,000. Meeder Asset Management Inc. acquired a new position in shares of Eversource Energy in the 4th quarter worth $247,000. Finally, Troy Asset Management Ltd grew its holdings in shares of Eversource Energy by 7.8% in the 4th quarter. Troy Asset Management Ltd now owns 83,000 shares of the utilities provider’s stock worth $5,398,000 after acquiring an additional 6,000 shares during the last quarter. 74.36% of the stock is owned by institutional investors and hedge funds.
ES has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target on Eversource Energy from $69.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Zacks Investment Research downgraded Eversource Energy from a “hold” rating to a “sell” rating in a report on Monday, April 22nd. Goldman Sachs Group upgraded Eversource Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 30th. Guggenheim downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a report on Friday, February 22nd. Finally, Scotiabank reiterated a “sell” rating and set a $63.00 price target on shares of Eversource Energy in a report on Thursday, February 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. Eversource Energy has a consensus rating of “Hold” and an average target price of $69.90.
Shares of ES stock opened at $73.53 on Monday. Eversource Energy has a 1-year low of $52.76 and a 1-year high of $73.80. The company has a current ratio of 0.50, a quick ratio of 0.44 and a debt-to-equity ratio of 1.06. The firm has a market cap of $23.33 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 3.85 and a beta of 0.31.
Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. Eversource Energy had a return on equity of 9.43% and a net margin of 12.50%. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. Eversource Energy’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that Eversource Energy will post 3.45 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 23rd will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $2.14 dividend on an annualized basis and a yield of 2.91%. Eversource Energy’s payout ratio is 65.24%.
About Eversource Energy
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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