Nomura Holdings Inc. grew its holdings in shares of Eversource Energy (NYSE:ES) by 259.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,868 shares of the utilities provider’s stock after purchasing an additional 25,885 shares during the period. Nomura Holdings Inc.’s holdings in Eversource Energy were worth $2,182,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of ES. BlackRock Inc. increased its stake in Eversource Energy by 2,396.3% during the first quarter. BlackRock Inc. now owns 23,980,820 shares of the utilities provider’s stock worth $1,409,592,000 after purchasing an additional 23,020,171 shares during the period. Principal Financial Group Inc. increased its stake in Eversource Energy by 382.4% during the second quarter. Principal Financial Group Inc. now owns 2,326,749 shares of the utilities provider’s stock worth $141,257,000 after purchasing an additional 1,844,447 shares during the period. Magellan Asset Management Ltd purchased a new stake in Eversource Energy during the first quarter worth about $82,000,000. Vanguard Group Inc. increased its stake in Eversource Energy by 3.5% during the first quarter. Vanguard Group Inc. now owns 32,273,965 shares of the utilities provider’s stock worth $1,897,064,000 after purchasing an additional 1,078,978 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Eversource Energy by 1,617.7% during the second quarter. Janus Henderson Group PLC now owns 766,269 shares of the utilities provider’s stock worth $46,520,000 after purchasing an additional 721,660 shares during the period. Institutional investors own 71.87% of the company’s stock.
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ES has been the topic of a number of recent research reports. Janney Montgomery Scott set a $71.00 price target on shares of Eversource Energy and gave the stock a “buy” rating in a research note on Monday, July 31st. Morgan Stanley boosted their price target on shares of Eversource Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Deutsche Bank AG lowered shares of Eversource Energy from a “buy” rating to a “hold” rating and boosted their price target for the stock from $61.00 to $61.50 in a research note on Monday, July 31st. BidaskClub upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Credit Suisse Group boosted their price target on shares of Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $63.79.
Shares of Eversource Energy (NYSE:ES) traded down 0.03% during trading on Friday, hitting $61.65. The stock had a trading volume of 1,482,702 shares. Eversource Energy has a one year low of $50.56 and a one year high of $64.19. The stock’s 50-day moving average price is $61.86 and its 200-day moving average price is $61.12. The company has a market cap of $19.54 billion, a P/E ratio of 19.95 and a beta of 0.28.
Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, July 27th. The utilities provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.91 billion. Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. The company’s revenue was down .2% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. On average, equities research analysts forecast that Eversource Energy will post $3.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were issued a dividend of $0.475 per share. The ex-dividend date was Monday, September 18th. This represents a $1.90 annualized dividend and a dividend yield of 3.08%. Eversource Energy’s payout ratio is currently 61.49%.
Eversource Energy 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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