Kintegral Advisory LLC decreased its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,522 shares of the utilities provider's stock after selling 9,575 shares during the quarter. Kintegral Advisory LLC's holdings in Eversource Energy were worth $1,213,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ES. Mizuho Bank Ltd. purchased a new stake in Eversource Energy during the 4th quarter worth about $26,000. Assetmark Inc. lifted its holdings in Eversource Energy by 99.2% during the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after buying an additional 254 shares during the last quarter. Pinney & Scofield Inc. purchased a new stake in Eversource Energy during the 4th quarter worth about $33,000. Rossby Financial LCC purchased a new stake in Eversource Energy during the 1st quarter worth about $34,000. Finally, CoreCap Advisors LLC lifted its holdings in Eversource Energy by 168.7% during the 4th quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock worth $35,000 after buying an additional 383 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Mizuho boosted their target price on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. BMO Capital Markets boosted their target price on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a report on Monday, April 28th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $58.00 target price (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Finally, Wall Street Zen upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Three equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $65.67.
Check Out Our Latest Report on Eversource Energy
Eversource Energy Stock Performance
NYSE ES traded down $0.37 on Monday, hitting $64.18. 541,153 shares of the company's stock were exchanged, compared to its average volume of 2,490,201. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.75 and a quick ratio of 0.66. The firm's 50-day moving average price is $63.23 and its two-hundred day moving average price is $60.46. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01. The firm has a market cap of $23.58 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 2.40 and a beta of 0.62.
Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (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 analysts' expectations of $3.65 billion. During the same quarter in the previous year, the firm posted $1.49 EPS. The firm's quarterly revenue was up 23.6% on a year-over-year basis. On average, research analysts expect that Eversource Energy will post 4.75 EPS for the current year.
Eversource Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 15th were issued a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.69%. 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 company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total value of $166,400.00. Following the sale, the executive vice president owned 10,988 shares in the company, valued at $703,232. This represents a 19.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by corporate insiders.
Eversource Energy Profile
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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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