Gotham Asset Management LLC bought a new stake in Eversource Energy (NYSE:ES) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,039 shares of the utilities provider’s stock, valued at approximately $653,000.
Other large investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its holdings in Eversource Energy by 0.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 43,500 shares of the utilities provider’s stock worth $2,829,000 after buying an additional 150 shares during the last quarter. Financial & Investment Management Group Ltd. boosted its holdings in Eversource Energy by 0.6% during the fourth quarter. Financial & Investment Management Group Ltd. now owns 28,272 shares of the utilities provider’s stock worth $1,839,000 after buying an additional 156 shares during the last quarter. Sawyer & Company Inc boosted its holdings in Eversource Energy by 1.4% during the fourth quarter. Sawyer & Company Inc now owns 11,815 shares of the utilities provider’s stock worth $768,000 after buying an additional 160 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Eversource Energy by 1.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,921 shares of the utilities provider’s stock worth $905,000 after buying an additional 190 shares during the last quarter. Finally, First Citizens Bank & Trust Co. lifted its holdings in shares of Eversource Energy by 3.8% during the 4th quarter. First Citizens Bank & Trust Co. now owns 5,876 shares of the utilities provider’s stock valued at $382,000 after purchasing an additional 216 shares in the last quarter. Institutional investors own 73.99% of the company’s stock.
In other Eversource Energy news, VP Jay S. Buth sold 1,650 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $69.44, for a total value of $114,576.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sanford Cloud, Jr. sold 1,042 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was 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. Over the last 90 days, insiders have sold 111,201 shares of company stock valued at $7,727,360. 0.37% of the stock is owned by corporate insiders.
Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.02). The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.71 billion. Eversource Energy had a net margin of 12.23% and a return on equity of 9.18%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. As a group, sell-side analysts predict that Eversource Energy will post 3.45 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 5th were given a dividend of $0.535 per share. This is an increase from Eversource Energy’s previous quarterly dividend of $0.51. This represents a $2.14 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Monday, March 4th. Eversource Energy’s dividend payout ratio is currently 65.24%.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Eversource Energy from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Bank of America cut Eversource Energy from a “neutral” rating to an “underperform” rating and set a $68.00 price objective on the stock. in a report on Monday, February 25th. Scotiabank reiterated a “sell” rating and set a $63.00 price objective on shares of Eversource Energy in a report on Thursday, February 21st. Williams Capital reiterated a “buy” rating on shares of Eversource Energy in a report on Monday, March 18th. Finally, Morgan Stanley lifted their price objective on Eversource Energy from $69.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $69.90.
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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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