Security National Bank of Sioux City Iowa IA held its position in shares of Eversource Energy (NYSE:ES) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,416 shares of the utilities provider’s stock at the close of the second quarter. Security National Bank of Sioux City Iowa IA’s holdings in Eversource Energy were worth $268,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in ES. Vanguard Group Inc. boosted its stake in Eversource Energy by 2.4% during the second quarter. Vanguard Group Inc. now owns 33,055,292 shares of the utilities provider’s stock valued at $2,006,787,000 after buying an additional 781,327 shares in the last quarter. BlackRock Inc. boosted its stake in Eversource Energy by 1.6% during the second quarter. BlackRock Inc. now owns 24,355,049 shares of the utilities provider’s stock valued at $1,478,596,000 after buying an additional 374,229 shares in the last quarter. Wellington Management Group LLP boosted its stake in Eversource Energy by 3.8% during the first quarter. Wellington Management Group LLP now owns 12,852,374 shares of the utilities provider’s stock valued at $755,462,000 after buying an additional 464,555 shares in the last quarter. Geode Capital Management LLC boosted its stake in Eversource Energy by 9.8% during the first quarter. Geode Capital Management LLC now owns 3,186,475 shares of the utilities provider’s stock valued at $187,038,000 after buying an additional 285,575 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Eversource Energy by 7.5% during the second quarter. Legal & General Group Plc now owns 2,657,288 shares of the utilities provider’s stock valued at $161,331,000 after buying an additional 186,030 shares in the last quarter. 71.87% of the stock is owned by institutional investors.
Several research analysts recently weighed in on ES shares. Janney Montgomery Scott set a $71.00 target price on Eversource Energy and gave the company a “buy” rating in a research note on Monday, July 31st. Credit Suisse Group raised their target price on Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. BidaskClub raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Eversource Energy in a research note on Tuesday, July 11th. Finally, Deutsche Bank AG cut Eversource Energy from a “buy” rating to a “hold” rating and raised their target price for the company from $61.00 to $61.50 in a research note on Monday, July 31st. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Eversource Energy currently has an average rating of “Hold” and a consensus price target of $63.19.
Eversource Energy (NYSE:ES) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm earned $0.64 EPS. On average, equities analysts predict that Eversource Energy will post $3.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were paid a dividend of $0.475 per share. The ex-dividend date was Monday, September 18th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.15%. Eversource Energy’s dividend payout ratio (DPR) is presently 61.49%.
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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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