Sentry Investment Management LLC grew its stake in Eversource Energy (NYSE:ES) by 22.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,124 shares of the utilities provider’s stock after acquiring an additional 4,400 shares during the period. Sentry Investment Management LLC’s holdings in Eversource Energy were worth $1,465,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Eversource Energy by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 33,055,292 shares of the utilities provider’s stock worth $2,006,787,000 after buying an additional 781,327 shares during the period. BlackRock Inc. increased its position in shares of Eversource Energy by 1.6% in the 2nd quarter. BlackRock Inc. now owns 24,355,049 shares of the utilities provider’s stock valued at $1,478,596,000 after purchasing an additional 374,229 shares during the last quarter. Legal & General Group Plc increased its position in shares of Eversource Energy by 7.5% in the 2nd quarter. Legal & General Group Plc now owns 2,657,288 shares of the utilities provider’s stock valued at $161,331,000 after purchasing an additional 186,030 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Eversource Energy by 382.4% in the 2nd quarter. Principal Financial Group Inc. now owns 2,326,749 shares of the utilities provider’s stock valued at $141,257,000 after purchasing an additional 1,844,447 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Eversource Energy by 10.3% in the 2nd quarter. American Century Companies Inc. now owns 2,320,163 shares of the utilities provider’s stock valued at $140,857,000 after purchasing an additional 216,499 shares during the last quarter. 71.94% of the stock is currently owned by institutional investors and hedge funds.
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Eversource Energy (NYSE ES) traded up 0.71% during mid-day trading on Friday, hitting $62.68. 314,881 shares of the stock traded hands. The firm has a market cap of $19.86 billion, a price-to-earnings ratio of 20.28 and a beta of 0.28. Eversource Energy has a 1-year low of $50.56 and a 1-year high of $64.19. The stock has a 50-day moving average of $61.65 and a 200 day moving average of $61.29.
Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the business earned $0.64 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. On average, equities analysts expect that Eversource Energy will post $3.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Monday, September 18th. Eversource Energy’s dividend payout ratio is currently 61.49%.
A number of equities research analysts have commented on ES shares. Morgan Stanley reissued an “equal weight” rating on shares of Eversource Energy in a research report on Tuesday, July 11th. Credit Suisse Group upped their target price on shares of Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, October 2nd. BidaskClub cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Janney Montgomery Scott set a $71.00 target price on shares of Eversource Energy and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $64.06.
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.
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