First PREMIER Bank grew its stake in shares of Eversource Energy (NYSE:ES) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,839 shares of the utilities provider’s stock after buying an additional 1,029 shares during the period. First PREMIER Bank’s holdings in Eversource Energy were worth $1,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in ES. Schroder Investment Management Group increased its position in Eversource Energy by 6.3% in the second quarter. Schroder Investment Management Group now owns 9,155 shares of the utilities provider’s stock worth $556,000 after purchasing an additional 542 shares during the last quarter. Eaton Vance Management increased its position in Eversource Energy by 46.8% in the second quarter. Eaton Vance Management now owns 106,235 shares of the utilities provider’s stock worth $6,450,000 after purchasing an additional 33,845 shares during the last quarter. Aberdeen Asset Management PLC UK increased its position in Eversource Energy by 22.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 103,515 shares of the utilities provider’s stock worth $6,284,000 after purchasing an additional 18,791 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Eversource Energy by 63.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,270 shares of the utilities provider’s stock worth $199,000 after purchasing an additional 1,265 shares during the last quarter. Finally, Raymond James Trust N.A. bought a new stake in Eversource Energy in the second quarter worth $201,000. Hedge funds and other institutional investors own 72.14% of the company’s stock.
Several research analysts have commented on the stock. Zacks Investment Research raised shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Monday. Bank of America assumed coverage on shares of Eversource Energy in a research note on Tuesday, October 24th. They set an “underperform” rating and a $62.00 price objective for the company. Williams Capital lifted their price objective on shares of Eversource Energy from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Credit Suisse Group lifted their price objective on shares of Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. Finally, Morgan Stanley lifted their price objective on shares of Eversource Energy from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $64.95.
Eversource Energy (NYSE:ES) traded up $0.20 during midday trading on Thursday, reaching $61.52. 1,822,444 shares of the company’s stock traded hands, compared to its average volume of 2,339,943. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The stock has a market capitalization of $19,410.00, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 3.14 and a beta of 0.31. Eversource Energy has a 52 week low of $54.10 and a 52 week high of $66.15.
Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.02). The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Eversource Energy had a return on equity of 9.03% and a net margin of 12.84%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 earnings per share. research analysts anticipate that Eversource Energy will post 3.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Friday, December 15th. Eversource Energy’s dividend payout ratio is currently 61.69%.
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Eversource Energy 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, Massachusetts, and New Hampshire and the regulated electric generation businesses.
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