Centaurus Financial Inc. raised its holdings in Eversource Energy (NYSE:ES) by 149.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,027 shares of the utilities provider’s stock after purchasing an additional 3,012 shares during the quarter. Centaurus Financial Inc.’s holdings in Eversource Energy were worth $295,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of ES. Braun Bostich & Associates Inc. boosted its holdings in shares of Eversource Energy by 1,308.3% in the second quarter. Braun Bostich & Associates Inc. now owns 1,859 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 1,727 shares in the last quarter. Optimum Investment Advisors purchased a new stake in Eversource Energy during the first quarter worth about $143,000. Synovus Financial Corp boosted its holdings in Eversource Energy by 205.3% during the second quarter. Synovus Financial Corp now owns 2,650 shares of the utilities provider’s stock worth $155,000 after buying an additional 1,782 shares in the last quarter. McKinley Carter Wealth Services Inc. purchased a new stake in Eversource Energy during the first quarter worth about $173,000. Finally, BerganKDV Wealth Management LLC purchased a new stake in Eversource Energy during the second quarter worth about $174,000. Institutional investors own 73.35% of the company’s stock.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. Janney Montgomery Scott raised shares of Eversource Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, June 28th. ValuEngine raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. Wolfe Research raised shares of Eversource Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, June 25th. They noted that the move was a valuation call. Finally, Morgan Stanley set a $66.00 price objective on shares of Eversource Energy and gave the company a “hold” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $63.60.
ES stock traded down $0.16 on Friday, hitting $61.52. 1,659,196 shares of the company were exchanged, compared to its average volume of 1,990,666. Eversource Energy has a twelve month low of $52.76 and a twelve month high of $66.15. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.60 and a current ratio of 0.65. The firm has a market capitalization of $19.47 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 3.18 and a beta of 0.24.
Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Tuesday, July 31st. The utilities provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. Eversource Energy had a net margin of 12.59% and a return on equity of 9.07%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. As a group, equities analysts forecast that Eversource Energy will post 3.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 21st were given a $0.505 dividend. This represents a $2.02 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Thursday, September 20th. Eversource Energy’s payout ratio is currently 64.95%.
In other news, EVP Leon J. Olivier sold 50,000 shares of the stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $62.03, for a total value of $3,101,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is owned by corporate insiders.
Eversource Energy Company Profile
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
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