Banque Cantonale Vaudoise lifted its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 38.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,781 shares of the utilities provider's stock after buying an additional 15,714 shares during the period. Banque Cantonale Vaudoise's holdings in Eversource Energy were worth $3,394,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Eversource Energy by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,650,143 shares of the utilities provider's stock valued at $448,567,000 after purchasing an additional 353,171 shares during the period. Legal & General Group Plc raised its holdings in Eversource Energy by 2.5% in the 3rd quarter. Legal & General Group Plc now owns 6,628,663 shares of the utilities provider's stock valued at $385,457,000 after acquiring an additional 163,053 shares during the period. Nordea Investment Management AB raised its holdings in Eversource Energy by 8.2% in the 4th quarter. Nordea Investment Management AB now owns 6,299,800 shares of the utilities provider's stock valued at $388,509,000 after acquiring an additional 475,341 shares during the period. Morgan Stanley raised its holdings in Eversource Energy by 19.3% in the 3rd quarter. Morgan Stanley now owns 4,464,230 shares of the utilities provider's stock valued at $259,595,000 after acquiring an additional 723,318 shares during the period. Finally, Northern Trust Corp raised its holdings in Eversource Energy by 2.7% in the 3rd quarter. Northern Trust Corp now owns 4,237,474 shares of the utilities provider's stock valued at $246,409,000 after acquiring an additional 111,294 shares during the period. 79.99% of the stock is owned by institutional investors.
Insider Activity
In related news, EVP Penelope M. Conner sold 2,700 shares of Eversource Energy stock in a transaction on Friday, May 31st. The shares were sold at an average price of $58.75, for a total transaction of $158,625.00. Following the completion of the transaction, the executive vice president now owns 10,272 shares of the company's stock, valued at $603,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Gregory B. Butler sold 10,000 shares of Eversource Energy stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total transaction of $562,000.00. Following the completion of the transaction, the vice president now directly owns 63,808 shares in the company, valued at $3,586,009.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Penelope M. Conner sold 2,700 shares of Eversource Energy stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $58.75, for a total transaction of $158,625.00. Following the transaction, the executive vice president now owns 10,272 shares of the company's stock, valued at $603,480. The disclosure for this sale can be found here. Insiders own 0.41% of the company's stock.
Wall Street Analyst Weigh In
ES has been the topic of several research analyst reports. Bank of America increased their price target on shares of Eversource Energy from $50.00 to $61.00 and gave the company an "underperform" rating in a report on Wednesday, May 15th. Morgan Stanley increased their target price on shares of Eversource Energy from $64.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 28th. Argus decreased their target price on shares of Eversource Energy from $85.00 to $68.00 and set a "buy" rating on the stock in a research report on Monday, March 25th. StockNews.com upgraded shares of Eversource Energy to a "sell" rating in a research report on Thursday, March 28th. Finally, BMO Capital Markets increased their target price on shares of Eversource Energy from $65.00 to $66.00 and gave the stock a "market perform" rating in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Eversource Energy currently has an average rating of "Hold" and a consensus price target of $66.07.
Read Our Latest Stock Analysis on Eversource Energy
Eversource Energy Price Performance
Eversource Energy stock traded down $0.81 during mid-day trading on Friday, reaching $57.18. The company had a trading volume of 4,191,419 shares, compared to its average volume of 1,797,058. Eversource Energy has a fifty-two week low of $52.03 and a fifty-two week high of $74.81. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.71. The company has a market cap of $20.14 billion, a P/E ratio of -48.46, a P/E/G ratio of 2.37 and a beta of 0.60. The business has a fifty day simple moving average of $59.48 and a 200 day simple moving average of $58.83.
Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.69 billion. Eversource Energy had a negative net margin of 3.60% and a positive return on equity of 10.32%. The company's revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 earnings per share. On average, equities research analysts predict that Eversource Energy will post 4.53 earnings per share for the current year.
Eversource Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Wednesday, May 15th. Eversource Energy's payout ratio is currently -242.37%.
About Eversource Energy
(
Free Report)
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.
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