Royal Fund Management LLC acquired a new position in shares of Eversource Energy (NYSE:ES) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 786 shares of the utilities provider’s stock, valued at approximately $61,000.
Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Eversource Energy by 5.5% during the 1st quarter. BlackRock Inc. now owns 30,425,832 shares of the utilities provider’s stock worth $2,379,604,000 after acquiring an additional 1,575,796 shares during the period. State Street Corp increased its position in Eversource Energy by 5.2% during the 4th quarter. State Street Corp now owns 18,208,105 shares of the utilities provider’s stock worth $1,548,963,000 after purchasing an additional 893,951 shares in the last quarter. Magellan Asset Management Ltd increased its position in Eversource Energy by 57.9% during the 4th quarter. Magellan Asset Management Ltd now owns 16,049,012 shares of the utilities provider’s stock worth $1,365,289,000 after purchasing an additional 5,882,982 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Eversource Energy by 91.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 8,467,337 shares of the utilities provider’s stock worth $720,317,000 after purchasing an additional 4,052,069 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Eversource Energy by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 5,372,544 shares of the utilities provider’s stock worth $456,166,000 after purchasing an additional 269,719 shares in the last quarter. Institutional investors and hedge funds own 81.45% of the company’s stock.
In other news, VP Jay S. Buth sold 1,330 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $86.67, for a total transaction of $115,271.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by company insiders.
ES stock opened at $78.46 on Friday. Eversource Energy has a twelve month low of $60.69 and a twelve month high of $99.42. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $26.52 billion, a P/E ratio of 27.53, a PEG ratio of 3.54 and a beta of 0.36. The firm has a 50 day simple moving average of $82.46 and a 200-day simple moving average of $84.82.
Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.01. Eversource Energy had a net margin of 11.02% and a return on equity of 9.16%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the company earned $0.97 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, research analysts predict that Eversource Energy will post 3.64 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.5675 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Tuesday, May 19th. Eversource Energy’s payout ratio is currently 65.80%.
Eversource Energy Company Profile
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.
Read More: What is the Producer Price Index (PPI)?
Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES).
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.