Cetera Advisor Networks LLC grew its holdings in Eversource Energy (NYSE:ES) by 22.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,469 shares of the utilities provider’s stock after acquiring an additional 1,375 shares during the period. Cetera Advisor Networks LLC’s holdings in Eversource Energy were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in ES. Vanguard Group Inc lifted its position in shares of Eversource Energy by 1.3% in the third quarter. Vanguard Group Inc now owns 34,614,034 shares of the utilities provider’s stock worth $2,126,686,000 after buying an additional 436,242 shares in the last quarter. BlackRock Inc. lifted its position in shares of Eversource Energy by 2.4% in the fourth quarter. BlackRock Inc. now owns 28,130,030 shares of the utilities provider’s stock worth $1,829,577,000 after buying an additional 661,442 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Eversource Energy by 35.7% in the fourth quarter. American Century Companies Inc. now owns 4,563,601 shares of the utilities provider’s stock worth $296,817,000 after buying an additional 1,200,309 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Eversource Energy by 9.0% in the fourth quarter. Geode Capital Management LLC now owns 4,180,918 shares of the utilities provider’s stock worth $271,461,000 after buying an additional 344,769 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Eversource Energy by 4.6% in the fourth quarter. Northern Trust Corp now owns 3,749,909 shares of the utilities provider’s stock worth $243,895,000 after buying an additional 165,733 shares in the last quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.
A number of equities research analysts recently commented on ES shares. Goldman Sachs Group upgraded Eversource Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 30th. Morgan Stanley boosted their target price on Eversource Energy from $69.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th. Scotiabank reiterated a “sell” rating and issued a $63.00 target price on shares of Eversource Energy in a research report on Thursday, February 21st. Guggenheim downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Finally, Bank of America downgraded Eversource Energy from a “neutral” rating to an “underperform” rating and set a $68.00 target price on the stock. in a research report on Monday, February 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $69.90.
Shares of NYSE ES opened at $73.74 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.44 and a debt-to-equity ratio of 1.06. Eversource Energy has a 1-year low of $52.76 and a 1-year high of $74.16. The company has a market cap of $23.33 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 3.85 and a beta of 0.31.
Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.06. Eversource Energy had a return on equity of 9.43% and a net margin of 12.50%. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, analysts predict that Eversource Energy will post 3.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.535 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $2.14 annualized dividend and a yield of 2.90%. Eversource Energy’s payout ratio is currently 65.24%.
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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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