Vontobel Holding Ltd. trimmed its holdings in Eversource Energy (NYSE:ES - Free Report) by 8.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 94,735 shares of the utilities provider's stock after selling 8,504 shares during the period. Vontobel Holding Ltd.'s holdings in Eversource Energy were worth $5,884,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in Eversource Energy by 105.6% during the first quarter. Farther Finance Advisors LLC now owns 4,623 shares of the utilities provider's stock worth $287,000 after purchasing an additional 2,374 shares in the last quarter. LSV Asset Management purchased a new position in shares of Eversource Energy during the 4th quarter worth approximately $2,223,000. Golden State Wealth Management LLC increased its stake in shares of Eversource Energy by 233.9% during the 1st quarter. Golden State Wealth Management LLC now owns 828 shares of the utilities provider's stock worth $52,000 after purchasing an additional 580 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Eversource Energy by 10.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,569,671 shares of the utilities provider's stock worth $90,146,000 after acquiring an additional 151,562 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Eversource Energy by 9.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 548,858 shares of the utilities provider's stock worth $31,455,000 after acquiring an additional 47,189 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.
Eversource Energy Stock Performance
Shares of NYSE ES traded up $0.12 during midday trading on Friday, hitting $64.57. The company's stock had a trading volume of 1,471,270 shares, compared to its average volume of 2,497,873. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01. The firm's fifty day moving average price is $63.23 and its 200-day moving average price is $60.43. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.66 and a current ratio of 0.75. The firm has a market cap of $23.72 billion, a P/E ratio of 27.83, a P/E/G ratio of 2.40 and a beta of 0.62.
Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.50. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.65 billion. Eversource Energy had a net margin of 6.63% and a return on equity of 11.04%. Eversource Energy's revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.49 EPS. On average, sell-side analysts forecast that Eversource Energy will post 4.75 EPS for the current fiscal year.
Eversource Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, May 15th were paid a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend was Thursday, May 15th. Eversource Energy's dividend payout ratio is currently 129.74%.
Insider Buying and Selling at Eversource Energy
In related news, EVP Penelope M. Conner sold 2,600 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total value of $166,400.00. Following the sale, the executive vice president directly owned 10,988 shares in the company, valued at $703,232. The trade was a 19.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.19% of the company's stock.
Analysts Set New Price Targets
ES has been the topic of a number of analyst reports. JPMorgan Chase & Co. restated an "underweight" rating and set a $58.00 target price (down previously from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Mizuho lifted their price target on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, BMO Capital Markets boosted their target price on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research report on Monday, April 28th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Eversource Energy has an average rating of "Hold" and an average target price of $65.67.
Get Our Latest Research Report on ES
Eversource Energy Company Profile
(
Free Report)
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.
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