TD Asset Management Inc. grew its stake in shares of Eversource Energy (NYSE:ES) by 8.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,056 shares of the utilities provider’s stock after acquiring an additional 11,928 shares during the quarter. TD Asset Management Inc.’s holdings in Eversource Energy were worth $10,646,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Moors & Cabot Inc. lifted its holdings in Eversource Energy by 98.8% during the 1st quarter. Moors & Cabot Inc. now owns 94,148 shares of the utilities provider’s stock worth $6,666,000 after buying an additional 46,790 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Eversource Energy by 1.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 130,650 shares of the utilities provider’s stock valued at $8,497,000 after acquiring an additional 1,234 shares during the last quarter. Magellan Asset Management Ltd raised its position in shares of Eversource Energy by 14.3% during the 4th quarter. Magellan Asset Management Ltd now owns 2,831,554 shares of the utilities provider’s stock valued at $184,164,000 after acquiring an additional 354,280 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Eversource Energy by 0.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 43,500 shares of the utilities provider’s stock valued at $2,829,000 after acquiring an additional 150 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its position in shares of Eversource Energy by 262.6% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 41,700 shares of the utilities provider’s stock valued at $2,712,000 after acquiring an additional 30,200 shares during the last quarter. Hedge funds and other institutional investors own 73.75% of the company’s stock.
In other Eversource Energy news, EVP Leon J. Olivier sold 7,000 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $72.95, for a total transaction of $510,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.37% of the stock is currently owned by corporate insiders.
Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, May 1st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.06. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Eversource Energy had a return on equity of 9.43% and a net margin of 12.50%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. As a group, sell-side analysts forecast that Eversource Energy will post 3.45 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, May 22nd. Eversource Energy’s dividend payout ratio (DPR) is presently 65.24%.
A number of analysts recently commented on ES shares. Morgan Stanley upped their price objective on shares of Eversource Energy from $69.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. Scotiabank restated a “sell” rating and issued a $63.00 price objective on shares of Eversource Energy in a research report on Thursday, February 21st. Guggenheim cut shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Bank of America cut shares of Eversource Energy from a “neutral” rating to an “underperform” rating and set a $68.00 price objective for the company. in a research report on Monday, February 25th. Finally, Macquarie upgraded shares of Eversource Energy from a “neutral” rating to an “outperform” rating and set a $73.00 price objective for the company in a research report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $72.00.
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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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