Optimum Investment Advisors Buys Shares of 2,420 Eversource Energy (ES)

Optimum Investment Advisors bought a new position in Eversource Energy (NYSE:ES) during the first quarter, HoldingsChannel reports. The institutional investor bought 2,420 shares of the utilities provider’s stock, valued at approximately $143,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Eversource Energy by 4.1% during the 1st quarter. BlackRock Inc. now owns 26,232,482 shares of the utilities provider’s stock valued at $1,545,618,000 after purchasing an additional 1,031,761 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Eversource Energy by 42.0% during the 4th quarter. Renaissance Technologies LLC now owns 3,142,300 shares of the utilities provider’s stock valued at $198,531,000 after purchasing an additional 929,500 shares during the last quarter. American Century Companies Inc. increased its position in shares of Eversource Energy by 22.5% during the 1st quarter. American Century Companies Inc. now owns 3,160,329 shares of the utilities provider’s stock valued at $186,207,000 after purchasing an additional 579,827 shares during the last quarter. Swiss National Bank increased its position in shares of Eversource Energy by 33.5% during the 4th quarter. Swiss National Bank now owns 1,557,757 shares of the utilities provider’s stock valued at $98,419,000 after purchasing an additional 390,600 shares during the last quarter. Finally, AXA increased its position in shares of Eversource Energy by 42.1% during the 4th quarter. AXA now owns 962,383 shares of the utilities provider’s stock valued at $60,804,000 after purchasing an additional 285,346 shares during the last quarter. Institutional investors and hedge funds own 74.32% of the company’s stock.

In other Eversource Energy news, EVP Christine M. Carmody sold 21,500 shares of the stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $57.79, for a total value of $1,242,485.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph R. Nolan, Jr. sold 6,282 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $57.03, for a total value of $358,262.46. The disclosure for this sale can be found here. Insiders have sold a total of 27,894 shares of company stock valued at $1,607,181 over the last 90 days. 0.53% of the stock is currently owned by company insiders.

Shares of ES stock opened at $56.54 on Thursday. The stock has a market cap of $18.31 billion, a P/E ratio of 18.18, a P/E/G ratio of 3.09 and a beta of 0.31. Eversource Energy has a 1-year low of $55.31 and a 1-year high of $66.15. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.68 and a quick ratio of 0.61.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Thursday, May 24th will be issued a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a yield of 3.57%. The ex-dividend date is Wednesday, May 23rd. Eversource Energy’s dividend payout ratio is presently 64.95%.

ES has been the topic of several recent research reports. Guggenheim reiterated a “buy” rating and set a $64.00 price objective on shares of Eversource Energy in a research report on Friday, February 2nd. UBS initiated coverage on Eversource Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $66.00 price objective on the stock. Janney Montgomery Scott lowered Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. Citigroup lowered Eversource Energy from a “neutral” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Morgan Stanley reduced their price objective on Eversource Energy from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Eversource Energy has a consensus rating of “Hold” and an average target price of $63.35.

Eversource Energy Company Profile

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.

Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES).

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit