State of Alaska Department of Revenue raised its holdings in Eversource Energy (NYSE:ES) by 48.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,636 shares of the utilities provider’s stock after purchasing an additional 27,071 shares during the quarter. State of Alaska Department of Revenue’s holdings in Eversource Energy were worth $5,218,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. Janus Henderson Group PLC boosted its stake in shares of Eversource Energy by 142.0% during the 3rd quarter. Janus Henderson Group PLC now owns 1,854,043 shares of the utilities provider’s stock worth $112,057,000 after acquiring an additional 1,087,774 shares in the last quarter. APG Asset Management N.V. boosted its stake in shares of Eversource Energy by 72.3% during the 3rd quarter. APG Asset Management N.V. now owns 2,556,503 shares of the utilities provider’s stock worth $154,515,000 after acquiring an additional 1,072,700 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Eversource Energy by 3.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 15,936,793 shares of the utilities provider’s stock worth $963,220,000 after acquiring an additional 516,965 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Eversource Energy by 119.2% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 865,074 shares of the utilities provider’s stock worth $52,285,000 after acquiring an additional 470,491 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Eversource Energy by 55.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 950,738 shares of the utilities provider’s stock worth $57,719,000 after acquiring an additional 339,932 shares in the last quarter. 72.16% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Thursday. Morgan Stanley raised shares of Eversource Energy from an “equal weight” rating to an “overweight” rating and set a $72.00 target price on the stock in a research note on Wednesday, December 13th. Bank of America assumed coverage on shares of Eversource Energy in a research note on Tuesday, October 24th. They set an “underperform” rating and a $62.00 target price on the stock. Finally, Williams Capital increased their target price on shares of Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $64.95.
Eversource Energy (NYSE ES) opened at $60.79 on Monday. Eversource Energy has a 1 year low of $54.10 and a 1 year high of $66.15. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. The firm has a market cap of $19,263.49, a PE ratio of 19.74, a P/E/G ratio of 3.05 and a beta of 0.31.
Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). Eversource Energy had a return on equity of 9.03% and a net margin of 12.84%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the company earned $0.83 EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. analysts forecast that Eversource Energy will post 3.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were given a dividend of $0.475 per share. The ex-dividend date was Friday, December 15th. This represents a $1.90 annualized dividend and a dividend yield of 3.13%. Eversource Energy’s dividend payout ratio (DPR) is presently 61.69%.
In related news, COO Werner J. Schweiger sold 10,098 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $64.68, for a total transaction of $653,138.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is owned by corporate insiders.
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About Eversource Energy
Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts, and New Hampshire and the regulated electric generation businesses.
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