AGF Investments Inc. Takes Position in Eversource Energy (NYSE:ES)

AGF Investments Inc. acquired a new stake in shares of Eversource Energy (NYSE:ES) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 37,012 shares of the utilities provider’s stock, valued at approximately $2,895,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in Eversource Energy by 12.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 67,149 shares of the utilities provider’s stock valued at $5,712,000 after buying an additional 7,609 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Eversource Energy by 41.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,935 shares of the utilities provider’s stock valued at $8,246,000 after buying an additional 28,183 shares during the last quarter. CENTRAL TRUST Co grew its holdings in Eversource Energy by 11.1% in the 4th quarter. CENTRAL TRUST Co now owns 6,566 shares of the utilities provider’s stock valued at $559,000 after buying an additional 654 shares during the last quarter. RFG Advisory LLC acquired a new stake in Eversource Energy in the 4th quarter valued at approximately $239,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Eversource Energy by 33.7% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,588 shares of the utilities provider’s stock valued at $135,000 after buying an additional 400 shares during the last quarter. 81.45% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Jay S. Buth sold 1,330 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $86.67, for a total transaction of $115,271.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is owned by company insiders.

A number of research firms have issued reports on ES. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $97.00 target price on the stock in a report on Tuesday, May 12th. Barclays reduced their price objective on Eversource Energy from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Friday. Evercore ISI upgraded Eversource Energy from an “underperform” rating to an “in-line” rating and reduced their price objective for the stock from $93.00 to $91.00 in a research report on Monday, April 20th. Zacks Investment Research upgraded 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. Finally, Seaport Global Securities began coverage on Eversource Energy in a research report on Wednesday. They issued a “buy” rating and a $88.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Eversource Energy currently has a consensus rating of “Hold” and an average price target of $89.44.

Eversource Energy stock opened at $78.46 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.67. The company has a market capitalization of $26.52 billion, a PE ratio of 27.53, a price-to-earnings-growth 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 business has a 50 day simple moving average of $82.46 and a 200 day simple moving average of $84.82.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.01. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. Eversource Energy had a return on equity of 9.16% and a net margin of 11.02%. Eversource Energy’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.97 EPS. Equities analysts anticipate that Eversource Energy will post 3.64 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, May 20th will be given a dividend of $0.5675 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $2.27 annualized dividend and a dividend yield of 2.89%. Eversource Energy’s dividend payout ratio (DPR) is presently 65.80%.

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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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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