American Century Companies Inc. Buys Shares of 1,048,768 Eversource Energy (ES)
American Century Companies Inc. bought a new stake in Eversource Energy (NYSE:ES) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,048,768 shares of the company’s stock, valued at approximately $62,821,000. American Century Companies Inc. owned about 0.33% of Eversource Energy as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Ledyard National Bank boosted its stake in Eversource Energy by 24.5% in the second quarter. Ledyard National Bank now owns 2,968 shares of the company’s stock worth $178,000 after buying an additional 585 shares in the last quarter. CHICAGO TRUST Co NA acquired a new stake in Eversource Energy during the second quarter worth $206,000. Checchi Capital Advisers LLC boosted its stake in Eversource Energy by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,581 shares of the company’s stock worth $215,000 after buying an additional 38 shares in the last quarter. Gofen & Glossberg LLC IL boosted its stake in Eversource Energy by 5.0% in the second quarter. Gofen & Glossberg LLC IL now owns 4,218 shares of the company’s stock worth $253,000 after buying an additional 200 shares in the last quarter. Finally, YHB Investment Advisors Inc. boosted its stake in Eversource Energy by 11.2% in the second quarter. YHB Investment Advisors Inc. now owns 4,245 shares of the company’s stock worth $254,000 after buying an additional 426 shares in the last quarter. Institutional investors and hedge funds own 69.38% of the company’s stock.
Eversource Energy (NYSE:ES) traded down 1.74% on Tuesday, reaching $52.61. The company’s stock had a trading volume of 2,520,209 shares. The company has a market cap of $16.69 billion, a P/E ratio of 19.34 and a beta of 0.29. The stock’s 50 day moving average price is $54.72 and its 200 day moving average price is $56.53. Eversource Energy has a 12 month low of $48.18 and a 12 month high of $60.44.
Eversource Energy (NYSE:ES) last released its earnings results on Thursday, July 28th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.01. Eversource Energy had a return on equity of 8.42% and a net margin of 11.62%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts forecast that Eversource Energy will post $2.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Thursday, September 15th. Eversource Energy’s payout ratio is presently 65.44%.
Several equities research analysts have recently commented on the company. Zacks Investment Research cut Eversource Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, June 15th. Barclays PLC lowered their target price on Eversource Energy from $65.00 to $61.00 and set an “equal weight” rating for the company in a research note on Tuesday. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Monday, August 1st. Citigroup Inc. lowered their target price on Eversource Energy from $61.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $58.00 target price (down from $59.00) on shares of Eversource Energy in a research note on Monday, June 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $59.71.
In other Eversource Energy news, VP Gregory B. Butler sold 10,000 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $54.77, for a total transaction of $547,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.89% of the company’s stock.
Eversource Energy Company Profile
Eversource Energy, formerly Northeast Utilities, 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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