Cetera Investment Advisers Acquires New Holdings in Eversource Energy (ES)
Cetera Investment Advisers acquired a new position in Eversource Energy (NYSE:ES) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,657 shares of the utilities provider’s stock, valued at approximately $401,000.
A number of other large investors have also recently added to or reduced their stakes in ES. Brookfield Asset Management Inc. acquired a new position in Eversource Energy in the first quarter worth approximately $106,000. Advisory Services Network LLC increased its holdings in Eversource Energy by 1.7% in the second quarter. Advisory Services Network LLC now owns 1,943 shares of the utilities provider’s stock worth $118,000 after buying an additional 32 shares during the last quarter. Sun Life Financial INC increased its holdings in Eversource Energy by 23,040.0% in the second quarter. Sun Life Financial INC now owns 2,314 shares of the utilities provider’s stock worth $140,000 after buying an additional 2,304 shares during the last quarter. NEXT Financial Group Inc increased its holdings in Eversource Energy by 168.9% in the second quarter. NEXT Financial Group Inc now owns 2,420 shares of the utilities provider’s stock worth $147,000 after buying an additional 1,520 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Eversource Energy by 63.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,270 shares of the utilities provider’s stock worth $199,000 after buying an additional 1,265 shares during the last quarter. Hedge funds and other institutional investors own 71.90% of the company’s stock.
A number of equities analysts recently commented on the company. BidaskClub upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Morgan Stanley increased their price target on Eversource Energy from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Deutsche Bank AG downgraded Eversource Energy from a “buy” rating to a “hold” rating and increased their price target for the company from $61.00 to $61.50 in a report on Monday, July 31st. Janney Montgomery Scott set a $71.00 price target on Eversource Energy and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Credit Suisse Group increased their price target on Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $63.79.
Shares of Eversource Energy (ES) traded down 0.15% during trading on Friday, reaching $61.97. The company’s stock had a trading volume of 118,297 shares. The stock’s 50 day moving average price is $61.67 and its 200 day moving average price is $61.19. Eversource Energy has a 52 week low of $50.56 and a 52 week high of $64.19. The company has a market cap of $19.64 billion, a PE ratio of 20.06 and a beta of 0.28.
Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.91 billion. Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 EPS. Equities research analysts predict that Eversource Energy will post $3.16 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Monday, September 18th. Eversource Energy’s dividend payout ratio (DPR) is 61.49%.
Eversource Energy Company Profile
Eversource Energy 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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.