Cerebellum GP LLC Acquires Shares of 1,134 Eversource Energy (NYSE:ES)

Cerebellum GP LLC purchased a new stake in Eversource Energy (NYSE:ES) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,134 shares of the utilities provider’s stock, valued at approximately $80,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. BB&T Corp lifted its holdings in Eversource Energy by 0.7% in the 1st quarter. BB&T Corp now owns 21,097 shares of the utilities provider’s stock valued at $1,497,000 after purchasing an additional 149 shares in the last quarter. Kaizen Advisory LLC lifted its holdings in Eversource Energy by 24.7% in the 4th quarter. Kaizen Advisory LLC now owns 838 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 166 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of Eversource Energy by 2.3% during the 1st quarter. Cetera Advisors LLC now owns 7,576 shares of the utilities provider’s stock worth $537,000 after acquiring an additional 172 shares during the period. Somerset Trust Co raised its holdings in shares of Eversource Energy by 0.7% during the 1st quarter. Somerset Trust Co now owns 27,362 shares of the utilities provider’s stock worth $1,942,000 after acquiring an additional 177 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Eversource Energy by 1.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,921 shares of the utilities provider’s stock worth $905,000 after acquiring an additional 190 shares during the period. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

In other Eversource Energy news, EVP Leon J. Olivier sold 7,000 shares of Eversource Energy stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $72.95, for a total value of $510,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.37% of the company’s stock.

Several research firms have recently commented on ES. UBS Group reiterated a “buy” rating on shares of Fortis in a report on Friday, June 7th. KeyCorp began coverage on Southern in a report on Tuesday, June 4th. They set a “sector weight” rating on the stock. Morgan Stanley set a $18.00 price target on PG&E and gave the stock a “hold” rating in a report on Friday, June 14th. Credit Suisse Group set a $199.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Zacks Investment Research lowered shares of Forward Air from a “hold” rating to a “sell” rating in a report on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Eversource Energy presently has an average rating of “Hold” and an average price target of $74.17.

ES traded down $0.52 on Friday, hitting $77.54. The company had a trading volume of 1,866,845 shares, compared to its average volume of 1,628,952. The stock has a market cap of $24.60 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 4.03 and a beta of 0.26. Eversource Energy has a 1 year low of $57.49 and a 1 year high of $78.09. The stock’s fifty day simple moving average is $76.08. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.44 and a current ratio of 0.50.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.06. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.26 billion. Eversource Energy had a net margin of 12.50% and a return on equity of 9.43%. Eversource Energy’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. On average, equities research analysts predict that Eversource Energy will post 3.46 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 23rd were given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.76%. The ex-dividend date was Wednesday, May 22nd. Eversource Energy’s dividend payout ratio is currently 65.24%.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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