Eversource Energy (ES) Holdings Raised by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in Eversource Energy (NYSE:ES) by 8.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 275,258 shares of the utilities provider’s stock after purchasing an additional 22,311 shares during the period. Victory Capital Management Inc. owned 0.09% of Eversource Energy worth $16,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in ES. Calton & Associates Inc. purchased a new position in shares of Eversource Energy in the 4th quarter valued at $119,000. Resources Investment Advisors Inc. grew its position in shares of Eversource Energy by 131.7% in the 4th quarter. Resources Investment Advisors Inc. now owns 2,085 shares of the utilities provider’s stock valued at $132,000 after buying an additional 1,185 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of Eversource Energy by 80.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 2,102 shares of the utilities provider’s stock valued at $133,000 after buying an additional 938 shares during the last quarter. We Are One Seven LLC purchased a new position in shares of Eversource Energy in the 4th quarter valued at $134,000. Finally, Whittier Trust Co. grew its position in shares of Eversource Energy by 96.7% in the 4th quarter. Whittier Trust Co. now owns 2,360 shares of the utilities provider’s stock valued at $149,000 after buying an additional 1,160 shares during the last quarter. 73.53% of the stock is currently owned by institutional investors.

In related news, EVP Christine M. Carmody sold 21,500 shares of the stock in a transaction on Monday, May 14th. The shares were sold at an average price of $57.79, for a total transaction of $1,242,485.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is owned by corporate insiders.

A number of research analysts recently commented on ES shares. Williams Capital reaffirmed a “buy” rating and issued a $63.00 target price (down from $65.00) on shares of Eversource Energy in a research report on Thursday, March 1st. Guggenheim reaffirmed a “buy” rating and issued a $64.00 target price on shares of Eversource Energy in a research report on Friday, February 2nd. UBS raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Monday, April 2nd. Morgan Stanley downgraded shares of Eversource Energy from an “overweight” rating to an “equal weight” rating and set a $63.00 target price on the stock. in a research report on Tuesday, February 13th. Finally, Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $63.35.

Shares of NYSE:ES opened at $57.32 on Friday. The firm has a market cap of $18.16 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 3.07 and a beta of 0.31. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.07. Eversource Energy has a 1-year low of $55.93 and a 1-year high of $66.15.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Thursday, May 3rd. The utilities provider reported $0.85 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.85. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Eversource Energy had a net margin of 12.58% and a return on equity of 9.04%. Eversource Energy’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. research analysts expect that Eversource Energy will post 3.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Thursday, May 24th will be paid a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Wednesday, May 23rd. Eversource Energy’s dividend payout ratio is currently 64.95%.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply