Security National Bank of Sioux City Iowa IA decreased its position in Eversource Energy (NYSE:ES) by 4.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,416 shares of the utilities provider’s stock after selling 220 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Eversource Energy were worth $260,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Eversource Energy by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 697,443 shares of the utilities provider’s stock worth $38,522,000 after buying an additional 28,572 shares during the period. AQR Capital Management LLC increased its stake in Eversource Energy by 6.2% in the fourth quarter. AQR Capital Management LLC now owns 347,843 shares of the utilities provider’s stock worth $19,211,000 after buying an additional 20,232 shares during the period. Norges Bank purchased a new stake in Eversource Energy during the fourth quarter worth $217,140,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in Eversource Energy during the fourth quarter worth $115,000. Finally, USA Financial Portformulas Corp purchased a new stake in Eversource Energy during the fourth quarter worth $505,000. 71.53% of the stock is owned by institutional investors.
Shares of Eversource Energy (ES) traded down 0.34% on Wednesday, hitting $61.78. The company had a trading volume of 205,681 shares. Eversource Energy has a 12-month low of $50.56 and a 12-month high of $63.34. The firm has a market capitalization of $19.58 billion, a P/E ratio of 20.52 and a beta of 0.32. The firm has a 50 day moving average of $61.14 and a 200-day moving average of $58.00.
Eversource Energy (NYSE:ES) last released its earnings results on Thursday, May 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by $0.01. Eversource Energy had a return on equity of 8.98% and a net margin of 12.45%. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The business’s revenue was up 2.4% on a year-over-year basis. On average, equities analysts predict that Eversource Energy will post $3.14 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, May 31st will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $1.90 annualized dividend and a yield of 3.07%. Eversource Energy’s payout ratio is presently 63.12%.
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ES has been the subject of a number of recent research reports. Zacks Investment Research downgraded Eversource Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, March 14th. Deutsche Bank AG raised their price target on Eversource Energy from $59.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, April 11th. Citigroup Inc. raised their price target on Eversource Energy from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 25th. BMO Capital Markets raised their price target on Eversource Energy from $57.00 to $61.00 and gave the stock a “market perform” rating in a research note on Friday, May 5th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $66.00 price target (up from $62.00) on shares of Eversource Energy in a research note on Thursday, June 1st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $62.78.
In related news, VP Werner J. Schweiger sold 36,736 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $62.00, for a total transaction of $2,277,632.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.53% of the company’s stock.
Eversource Energy Company Profile
Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.
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