9,148 Shares in Eversource Energy (ES) Obtained by USA Financial Portformulas Corp

9,148 Shares in Eversource Energy (ES) Obtained by USA Financial Portformulas Corp

USA Financial Portformulas Corp acquired a new stake in shares of Eversource Energy (NYSE:ES) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 9,148 shares of the company’s stock, valued at approximately $505,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. increased its position in Eversource Energy by 19.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 223,606 shares of the company’s stock valued at $12,116,000 after buying an additional 36,531 shares in the last quarter. BlackRock Group LTD increased its position in Eversource Energy by 0.7% in the third quarter. BlackRock Group LTD now owns 2,932,721 shares of the company’s stock valued at $158,894,000 after buying an additional 19,854 shares in the last quarter. BlackRock Fund Advisors increased its position in Eversource Energy by 5.5% in the third quarter. BlackRock Fund Advisors now owns 9,109,636 shares of the company’s stock valued at $493,560,000 after buying an additional 474,380 shares in the last quarter. Highbridge Capital Management LLC increased its position in Eversource Energy by 37.0% in the third quarter. Highbridge Capital Management LLC now owns 216,565 shares of the company’s stock valued at $11,733,000 after buying an additional 58,537 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in Eversource Energy by 110.7% in the third quarter. State of Alaska Department of Revenue now owns 70,737 shares of the company’s stock valued at $3,832,000 after buying an additional 37,157 shares in the last quarter. Institutional investors own 70.28% of the company’s stock.

Shares of Eversource Energy (NYSE:ES) opened at 58.78 on Friday. The stock has a market capitalization of $18.63 billion, a PE ratio of 19.86 and a beta of 0.32. The stock has a 50 day moving average of $58.18 and a 200-day moving average of $55.10. Eversource Energy has a one year low of $50.56 and a one year high of $60.44.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Tuesday, February 21st. The company reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.02. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.99 billion. Eversource Energy had a return on equity of 8.61% and a net margin of 11.85%. Eversource Energy’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 earnings per share. Equities analysts predict that Eversource Energy will post $3.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Thursday, March 2nd were issued a dividend of $0.475 per share. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.45. This represents a $1.90 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Tuesday, February 28th. Eversource Energy’s dividend payout ratio (DPR) is currently 63.35%.

Several equities analysts have issued reports on ES shares. Credit Suisse Group AG started coverage on shares of Eversource Energy in a research note on Wednesday, January 25th. They issued a “neutral” rating and a $57.00 price objective for the company. Zacks Investment Research raised shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Thursday, December 29th. Finally, Deutsche Bank AG raised shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Tuesday, December 20th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.75.

In other news, EVP Joseph R. Nolan, Jr. sold 6,282 shares of Eversource Energy stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $58.28, for a total value of $366,114.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James J. Judge sold 90,000 shares of Eversource Energy stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $56.00, for a total transaction of $5,040,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 443,073 shares of company stock valued at $25,189,568. 0.89% of the stock is owned by company insiders.

Eversource Energy Company Profile

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, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.

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