Gateway Investment Advisers LLC Has $1.01 Million Holdings in Eversource Energy (ES)

Gateway Investment Advisers LLC reduced its stake in shares of Eversource Energy (NYSE:ES) by 4.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,231 shares of the utilities provider’s stock after selling 728 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Eversource Energy were worth $1,010,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ES. Vanguard Group Inc. grew its stake in shares of Eversource Energy by 1.3% during the third quarter. Vanguard Group Inc. now owns 34,614,034 shares of the utilities provider’s stock valued at $2,126,686,000 after buying an additional 436,242 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Eversource Energy by 1.3% during the third quarter. Vanguard Group Inc now owns 34,614,034 shares of the utilities provider’s stock valued at $2,126,686,000 after buying an additional 436,242 shares during the last quarter. BlackRock Inc. grew its stake in shares of Eversource Energy by 2.4% during the fourth quarter. BlackRock Inc. now owns 28,130,030 shares of the utilities provider’s stock valued at $1,829,577,000 after buying an additional 661,442 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Eversource Energy by 100,075.7% during the third quarter. Bank of New York Mellon Corp now owns 15,640,429 shares of the utilities provider’s stock valued at $960,950,000 after buying an additional 15,624,816 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Eversource Energy by 35.7% during the fourth quarter. American Century Companies Inc. now owns 4,563,601 shares of the utilities provider’s stock valued at $296,817,000 after buying an additional 1,200,309 shares during the last quarter. 73.99% of the stock is currently owned by institutional investors.

Shares of NYSE ES opened at $70.15 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.56 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $22.46 billion, a P/E ratio of 21.39, a PEG ratio of 3.68 and a beta of 0.31. Eversource Energy has a 52-week low of $52.76 and a 52-week high of $72.26.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Eversource Energy had a net margin of 12.23% and a return on equity of 9.18%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 EPS. Analysts anticipate that Eversource Energy will post 3.46 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 5th were issued a $0.535 dividend. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.51. The ex-dividend date was Monday, March 4th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.05%. Eversource Energy’s payout ratio is presently 65.24%.

A number of research firms have recently commented on ES. Zacks Investment Research cut Eversource Energy from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. Williams Capital reaffirmed a “buy” rating on shares of Eversource Energy in a research note on Monday, March 18th. Scotiabank reaffirmed a “sell” rating and set a $63.00 target price on shares of Eversource Energy in a research note on Thursday, February 21st. Guggenheim cut Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Finally, Morgan Stanley upped their target price on Eversource Energy from $69.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $69.60.

In related news, EVP Christine M. Carmody sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $70.06, for a total value of $1,050,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sanford Cloud, Jr. sold 1,042 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $68.87, for a total value of $71,762.54. The disclosure for this sale can be found here. Insiders sold 111,201 shares of company stock valued at $7,727,360 in the last quarter. 0.37% of the stock is owned by company insiders.

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Eversource Energy Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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