Heritage Trust Co cut its holdings in Eversource Energy (NYSE:ES) by 12.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,249 shares of the utilities provider’s stock after selling 1,520 shares during the quarter. Heritage Trust Co’s holdings in Eversource Energy were worth $802,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Advisory Alpha LLC purchased a new stake in shares of Eversource Energy in the 1st quarter worth about $29,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Eversource Energy in the 4th quarter worth about $33,000. Bay Harbor Wealth Management LLC bought a new position in Eversource Energy in the 4th quarter worth about $34,000. Versant Capital Management Inc boosted its stake in Eversource Energy by 36.9% in the 1st quarter. Versant Capital Management Inc now owns 456 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 123 shares in the last quarter. Finally, Covington Capital Management bought a new position in Eversource Energy in the 4th quarter worth about $41,000. 81.45% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on ES shares. BMO Capital Markets started coverage on shares of Eversource Energy in a research note on Wednesday, February 19th. They issued an “outperform” rating and a $100.00 price target on the stock. Seaport Global Securities started coverage on shares of Eversource Energy in a research note on Wednesday. They issued a “buy” rating and a $88.00 price target on the stock. Morgan Stanley dropped their price target on shares of Eversource Energy from $83.00 to $75.00 and set an “underweight” rating on the stock in a research note on Friday, May 15th. Janney Montgomery Scott upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Tuesday, May 12th. Finally, Citigroup lowered their target price on shares of Eversource Energy from $88.00 to $82.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Eversource Energy currently has a consensus rating of “Hold” and an average price target of $89.44.
In related news, VP Jay S. Buth sold 1,330 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $86.67, for a total value of $115,271.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.
Shares of NYSE:ES traded down $0.36 during trading on Friday, hitting $78.46. The company’s stock had a trading volume of 1,053,472 shares, compared to its average volume of 1,903,556. The company has a 50-day moving average of $82.46 and a 200-day moving average of $84.82. Eversource Energy has a 12 month low of $60.69 and a 12 month high of $99.42. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.67. The firm has a market cap of $26.52 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 3.54 and a beta of 0.36.
Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.01. Eversource Energy had a net margin of 11.02% and a return on equity of 9.16%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the prior year, the business earned $0.97 EPS. The business’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, research analysts anticipate that Eversource Energy will post 3.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, May 20th will be issued a $0.5675 dividend. This represents a $2.27 annualized dividend and a yield of 2.89%. The ex-dividend date is Tuesday, May 19th. Eversource Energy’s dividend payout ratio is 65.80%.
Eversource Energy Company Profile
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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