Rothschild Asset Management Inc. raised its stake in shares of Eversource Energy (NYSE:ES) by 45.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,672 shares of the company’s stock after buying an additional 3,647 shares during the period. Rothschild Asset Management Inc.’s holdings in Eversource Energy were worth $632,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Mycio Wealth Partners LLC increased its position in shares of Eversource Energy by 100.0% in the second quarter. Mycio Wealth Partners LLC now owns 1,770 shares of the company’s stock valued at $106,000 after buying an additional 885 shares in the last quarter. WFG Advisors LP increased its position in shares of Eversource Energy by 7.8% in the second quarter. WFG Advisors LP now owns 1,994 shares of the company’s stock valued at $119,000 after buying an additional 145 shares in the last quarter. Bellwether Investment Group LLC purchased a new position in shares of Eversource Energy during the second quarter valued at $132,000. Quadrant Capital Group LLC increased its position in shares of Eversource Energy by 0.6% in the third quarter. Quadrant Capital Group LLC now owns 2,582 shares of the company’s stock valued at $135,000 after buying an additional 15 shares in the last quarter. Finally, SevenBridge Financial Group LLC purchased a new position in shares of Eversource Energy during the second quarter valued at $138,000. Institutional investors own 68.68% of the company’s stock.
Eversource Energy (NYSE:ES) traded down 0.81% during midday trading on Thursday, reaching $55.07. 1,232,678 shares of the company were exchanged. Eversource Energy has a 52 week low of $50.16 and a 52 week high of $60.44. The firm’s 50 day moving average price is $54.31 and its 200-day moving average price is $54.93. The stock has a market capitalization of $17.45 billion, a P/E ratio of 19.60 and a beta of 0.28.
Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Eversource Energy had a net margin of 11.85% and a return on equity of 8.61%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS. Equities analysts forecast that Eversource Energy will post $2.98 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Wednesday, December 14th. Eversource Energy’s payout ratio is currently 63.35%.
ES has been the topic of several research analyst reports. Deutsche Bank AG raised shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Tuesday, December 20th. Zacks Investment Research raised shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Thursday, December 29th. Argus reissued a “buy” rating and issued a $59.00 target price (down previously from $64.00) on shares of Eversource Energy in a report on Wednesday, October 12th. Citigroup Inc. lowered their target price on shares of Eversource Energy from $61.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, October 4th. Finally, Barclays PLC lowered their target price on shares of Eversource Energy from $65.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $60.14.
In related news, insider Thomas J. May sold 200,000 shares of the stock in a transaction on Monday, November 28th. The stock was sold at an average price of $53.80, for a total transaction of $10,760,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 360,000 shares of company stock worth $19,575,600. Corporate insiders own 0.89% of the company’s stock.
About Eversource Energy
Eversource Energy, formerly Northeast Utilities, 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, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.
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