The company Jennison Associates LLC has increased their investment in Hubbell Incorporated (NYSE:HUBB). Despite various analyses suggesting that Hubbell is in a strong position, some are watching their valuations carefully. The company plans to pay a higher dividend this year, moving to $1.32, up from the previous amount. Hubbell has strengthened its utility expertise by appointing CMS Energy CEO Rochow to the board. Icon Wealth Advisors LLC has followed suit and increased their stake in the company as well.
Many groups, including MAI Capital Management and PNC Financial Services Group Inc., are selling shares of Hubbell, while others like Vaughan Nelson Investment Management L.P., LGT Capital Partners LTD., and MidAtlantic Capital Management Inc. are acquiring new holdings. According to Otter Creek Advisors LLC, Hubbell has become their 6th largest position.
An analysis of Hubbell's latest stock performance suggests a reflection of the company's financial health. More specifically, Hubbell's Q3 report reveals increased dividends and alleged undervaluation. Results for Hubbell's third quarter of the year 2024 have been reported and an 8% dividend increase has been declared. A consensus rating of 'Moderate Buy' has been given to the company by brokerages.
Hubbell Incorporated HUBB News Analytics from Fri, 12 Aug 2016 14:58:47 GMT to Sat, 23 Nov 2024 12:51:19 GMT - Rating 6 - Innovation 4 - Information 7 - Rumor -5
