Eversource Energy (NYSE:ES) insider Thomas J. May sold 120,000 shares of the company’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $55.20, for a total value of $6,624,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Thomas J. May also recently made the following trade(s):
- On Monday, November 28th, Thomas J. May sold 200,000 shares of Eversource Energy stock. The stock was sold at an average price of $53.80, for a total value of $10,760,000.00.
Eversource Energy (NYSE:ES) opened at 54.57 on Tuesday. The company has a market cap of $17.29 billion, a PE ratio of 19.42 and a beta of 0.28. Eversource Energy has a 52 week low of $50.16 and a 52 week high of $60.44. The company’s 50-day moving average price is $53.87 and its 200 day moving average price is $55.09.
Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.03. Eversource Energy had a return on equity of 8.61% and a net margin of 11.85%. The company earned $2.04 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the company earned $0.75 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts anticipate that Eversource Energy will post $2.98 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were given a dividend of $0.445 per share. The ex-dividend date was Wednesday, December 14th. This represents a $1.78 annualized dividend and a dividend yield of 3.26%. Eversource Energy’s dividend payout ratio (DPR) is presently 63.35%.
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A number of research analysts recently commented on ES shares. Zacks Investment Research upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, October 21st. Barclays PLC decreased their price target on Eversource Energy from $65.00 to $61.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 4th. Citigroup Inc. decreased their price target on Eversource Energy from $61.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, October 4th. Argus reissued a “buy” rating and issued a $59.00 price target (down previously from $64.00) on shares of Eversource Energy in a research note on Wednesday, October 12th. Finally, Deutsche Bank AG raised Eversource Energy from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Tuesday, December 20th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Eversource Energy presently has an average rating of “Buy” and an average price target of $60.14.
Several institutional investors have recently bought and sold shares of ES. Huntington National Bank increased its position in Eversource Energy by 3.3% in the third quarter. Huntington National Bank now owns 5,193 shares of the company’s stock valued at $281,000 after buying an additional 168 shares during the period. American Century Companies Inc. bought a new position in Eversource Energy during the second quarter valued at approximately $62,821,000. Bank of New York Mellon Corp increased its position in Eversource Energy by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 18,233,828 shares of the company’s stock valued at $1,092,208,000 after buying an additional 206,188 shares during the period. BlackRock Group LTD increased its position in Eversource Energy by 0.7% in the third quarter. BlackRock Group LTD now owns 2,932,721 shares of the company’s stock valued at $158,894,000 after buying an additional 19,854 shares during the period. Finally, Royal Bank of Canada increased its position in Eversource Energy by 3.4% in the second quarter. Royal Bank of Canada now owns 2,242,042 shares of the company’s stock valued at $134,299,000 after buying an additional 73,421 shares during the period. Institutional investors and hedge funds own 68.89% of the company’s stock.
About Eversource Energy
Eversource Energy, formerly Northeast Utilities, 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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