Citizens Financial Group Inc RI raised its holdings in Eversource Energy (NYSE:ES) by 3,304.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,498 shares of the utilities provider’s stock after buying an additional 1,454 shares during the period. Citizens Financial Group Inc RI’s holdings in Eversource Energy were worth $117,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Alberta Investment Management Corp purchased a new position in Eversource Energy in the 4th quarter valued at approximately $7,597,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Eversource Energy by 26.3% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 240,775 shares of the utilities provider’s stock valued at $20,483,000 after buying an additional 50,100 shares during the period. Chevy Chase Trust Holdings Inc. boosted its position in Eversource Energy by 0.6% in the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 271,992 shares of the utilities provider’s stock valued at $23,139,000 after buying an additional 1,730 shares during the period. AlphaCrest Capital Management LLC lifted its position in shares of Eversource Energy by 26.7% during the 4th quarter. AlphaCrest Capital Management LLC now owns 14,766 shares of the utilities provider’s stock worth $1,256,000 after purchasing an additional 3,112 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new stake in shares of Eversource Energy during the 4th quarter worth $1,295,000. 81.45% of the stock is owned by institutional investors.
In other Eversource Energy news, VP Jay S. Buth sold 1,330 shares of Eversource Energy stock in a transaction on Friday, February 28th. The shares were sold at an average price of $86.67, for a total value of $115,271.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.26% of the company’s stock.
NYSE ES opened at $78.46 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.67 and a current ratio of 0.75. The firm has a market cap of $26.52 billion, a PE ratio of 27.53, a P/E/G ratio of 3.54 and a beta of 0.36. Eversource Energy has a one year low of $60.69 and a one year high of $99.42. The firm’s fifty day moving average is $82.46 and its two-hundred day moving average is $84.82.
Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Eversource Energy had a net margin of 11.02% and a return on equity of 9.16%. Eversource Energy’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 earnings per share. Research analysts predict that Eversource Energy will post 3.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, May 20th will be paid a $0.5675 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $2.27 dividend on an annualized basis and a yield of 2.89%. Eversource Energy’s dividend payout ratio is presently 65.80%.
ES has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Monday, April 13th. Wells Fargo & Co lifted their price objective on shares of Eversource Energy from $90.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Seaport Global Securities initiated coverage on shares of Eversource Energy in a research report on Wednesday. They set a “buy” rating and a $88.00 price objective for the company. UBS Group decreased their price objective on shares of Eversource Energy from $91.00 to $82.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Finally, KeyCorp lifted their price objective on shares of Eversource Energy from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $89.44.
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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