Czech National Bank boosted its holdings in shares of Eversource Energy (NYSE:ES – Free Report) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,027 shares of the utilities provider’s stock after acquiring an additional 257 shares during the quarter. Czech National Bank’s holdings in Eversource Energy were worth $3,211,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC grew its stake in shares of Eversource Energy by 101,201.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 12,617,104 shares of the utilities provider’s stock worth $1,057,818,000 after acquiring an additional 12,604,649 shares during the last quarter. Norges Bank acquired a new stake in shares of Eversource Energy in the fourth quarter worth $274,262,000. Goldman Sachs Group Inc. grew its stake in shares of Eversource Energy by 64.0% in the second quarter. Goldman Sachs Group Inc. now owns 2,285,636 shares of the utilities provider’s stock worth $193,067,000 after acquiring an additional 891,641 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Eversource Energy by 2.0% in the third quarter. Vanguard Group Inc. now owns 44,413,456 shares of the utilities provider’s stock worth $3,462,474,000 after acquiring an additional 871,683 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Eversource Energy by 21.9% in the fourth quarter. Bank of America Corp DE now owns 3,038,024 shares of the utilities provider’s stock worth $254,708,000 after acquiring an additional 545,092 shares during the last quarter. Institutional investors own 83.25% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on ES shares. BMO Capital Markets lowered their price objective on shares of Eversource Energy from $87.00 to $74.00 in a research note on Wednesday. Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a research note on Tuesday, March 21st. Argus cut their price objective on Eversource Energy from $95.00 to $85.00 in a report on Thursday, March 30th. UBS Group cut their price target on Eversource Energy from $81.00 to $75.00 in a report on Friday, May 26th. Finally, Mizuho dropped their price objective on Eversource Energy from $87.00 to $79.00 and set a “neutral” rating for the company in a report on Monday, April 3rd. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and an average target price of $85.50.
Eversource Energy Stock Performance
Eversource Energy (NYSE:ES – Free Report) last issued its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.07. Eversource Energy had a return on equity of 9.51% and a net margin of 11.52%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the firm earned $1.30 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. Equities research analysts forecast that Eversource Energy will post 4.36 EPS for the current year.
Eversource Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, May 18th will be issued a dividend of $0.675 per share. The ex-dividend date is Wednesday, May 17th. This represents a $2.70 annualized dividend and a dividend yield of 3.88%. Eversource Energy’s dividend payout ratio is 64.75%.
About Eversource Energy
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.
Featured Stories
- Five stocks we like better than Eversource Energy
- AMD’s Recent Correction: A Buying Opportunity For Investors?
- AeroVironment’s New Momentum Makes it a Value Play
- Unifirst: Undervalued At Rock-Bottom Prices
- Jefferies Misses on Earnings: Does it Signal a Speed Bump or U-Turn?
- General Mills Retreats To The Buy Zone
Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES – Free Report).
Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.
