Janney Montgomery Scott LLC boosted its position in Eversource Energy (NYSE:ES - Free Report) by 126.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 228,553 shares of the utilities provider's stock after buying an additional 127,752 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of Eversource Energy worth $14,195,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in ES. Mizuho Bank Ltd. acquired a new position in shares of Eversource Energy during the fourth quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new stake in Eversource Energy during the 4th quarter valued at $29,000. Assetmark Inc. grew its holdings in shares of Eversource Energy by 99.2% during the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after buying an additional 254 shares in the last quarter. Pinney & Scofield Inc. acquired a new position in Eversource Energy during the fourth quarter valued at $33,000. Finally, Venturi Wealth Management LLC lifted its stake in Eversource Energy by 104.5% in the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock worth $34,000 after acquiring an additional 301 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. BMO Capital Markets raised their price target on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $58.00 price target (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $65.78.
Check Out Our Latest Stock Report on ES
Eversource Energy Stock Performance
Shares of Eversource Energy stock traded up $0.88 during trading on Monday, reaching $63.40. The company's stock had a trading volume of 3,175,608 shares, compared to its average volume of 2,470,514. Eversource Energy has a one year low of $52.28 and a one year high of $69.01. 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 $23.29 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 2.33 and a beta of 0.63. The business's fifty day moving average price is $62.03 and its 200-day moving average price is $60.11.
Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Eversource Energy had a return on equity of 11.04% and a net margin of 6.63%. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the business posted $1.49 EPS. The company's revenue for the quarter was up 23.6% on a year-over-year basis. As a group, equities research analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.
Eversource Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 15th will be issued a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Thursday, May 15th. Eversource Energy's dividend payout ratio (DPR) is presently 129.74%.
Insiders Place Their Bets
In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the business's stock in a transaction 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 now owns 10,988 shares of the company's stock, valued at $703,232. The trade was a 19.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.19% of the company's stock.
Eversource Energy 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.
See Also
Before you consider Eversource Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eversource Energy wasn't on the list.
While Eversource Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
