MML Investors Services LLC lessened its holdings in Eversource Energy (NYSE:ES) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,967 shares of the utilities provider’s stock after selling 525 shares during the period. MML Investors Services LLC’s holdings in Eversource Energy were worth $1,275,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Bremer Trust National Association acquired a new stake in shares of Eversource Energy during the fourth quarter valued at about $26,000. Covington Capital Management acquired a new stake in shares of Eversource Energy during the fourth quarter valued at about $26,000. Bremer Bank National Association acquired a new stake in shares of Eversource Energy during the first quarter valued at about $28,000. Certified Advisory Corp boosted its stake in shares of Eversource Energy by 114.8% during the fourth quarter. Certified Advisory Corp now owns 421 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 225 shares in the last quarter. Finally, Capital Financial Planning LLC acquired a new stake in shares of Eversource Energy during the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 73.75% of the company’s stock.
A number of equities analysts recently commented on the company. Zacks Investment Research raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Morgan Stanley lifted their price objective on Eversource Energy from $69.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 12th. Williams Capital reaffirmed a “buy” rating on shares of Eversource Energy in a research note on Monday, March 18th. Bank of America lowered Eversource Energy from a “neutral” rating to an “underperform” rating and set a $68.00 price objective on the stock. in a research note on Monday, February 25th. Finally, Macquarie raised Eversource Energy from a “neutral” rating to an “outperform” rating and set a $73.00 price objective on the stock in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $72.00.
Shares of Eversource Energy stock traded up $0.98 during midday trading on Wednesday, reaching $76.46. The company had a trading volume of 26,555 shares, compared to its average volume of 1,718,455. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.50 and a quick ratio of 0.44. The firm has a market cap of $24.21 billion, a P/E ratio of 23.32, a P/E/G ratio of 3.86 and a beta of 0.26. Eversource Energy has a fifty-two week low of $52.79 and a fifty-two week high of $77.73.
Eversource Energy (NYSE:ES) last issued its earnings results on Wednesday, May 1st. The utilities provider reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.06. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.26 billion. Eversource Energy had a return on equity of 9.43% and a net margin of 12.50%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. Equities analysts anticipate that Eversource Energy will post 3.45 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 23rd will be issued a $0.535 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $2.14 dividend on an annualized basis and a yield of 2.80%. Eversource Energy’s payout ratio is currently 65.24%.
In other Eversource Energy news, EVP Leon J. Olivier sold 7,000 shares of Eversource Energy stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $72.95, for a total value of $510,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.37% of the company’s stock.
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Eversource Energy Company 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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