Eversource Energy (NYSE:ES) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Eversource Energy (NYSE:ES - Free Report) by 24.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,810 shares of the utilities provider's stock after buying an additional 13,950 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Eversource Energy were worth $4,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in ES. Norges Bank bought a new position in Eversource Energy during the fourth quarter valued at approximately $149,906,000. Morgan Stanley raised its stake in Eversource Energy by 19.3% during the 3rd quarter. Morgan Stanley now owns 4,464,230 shares of the utilities provider's stock worth $259,595,000 after acquiring an additional 723,318 shares during the period. American Century Companies Inc. lifted its holdings in Eversource Energy by 23.7% during the third quarter. American Century Companies Inc. now owns 3,663,024 shares of the utilities provider's stock valued at $213,005,000 after purchasing an additional 702,360 shares in the last quarter. Clean Energy Transition LLP bought a new position in shares of Eversource Energy in the fourth quarter worth approximately $40,181,000. Finally, Nordea Investment Management AB increased its stake in shares of Eversource Energy by 8.2% in the fourth quarter. Nordea Investment Management AB now owns 6,299,800 shares of the utilities provider's stock worth $388,509,000 after purchasing an additional 475,341 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Eversource Energy Trading Up 2.3 %

Shares of NYSE:ES traded up $1.31 during trading on Thursday, reaching $59.40. The company's stock had a trading volume of 2,619,090 shares, compared to its average volume of 2,564,994. The stock has a market capitalization of $20.92 billion, a PE ratio of -50.34, a price-to-earnings-growth ratio of 2.21 and a beta of 0.59. Eversource Energy has a 12 month low of $52.03 and a 12 month 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 firm's 50 day simple moving average is $58.80 and its two-hundred day simple moving average is $58.47.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.69 billion. Eversource Energy had a positive return on equity of 10.32% and a negative net margin of 3.60%. The company's revenue for the quarter was down 12.2% on a year-over-year basis. During the same period last year, the company earned $1.41 EPS. On average, research analysts predict that Eversource Energy will post 4.53 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, May 16th were paid a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Wednesday, May 15th. Eversource Energy's dividend payout ratio is currently -242.37%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ES shares. UBS Group upgraded shares of Eversource Energy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $62.00 to $67.00 in a research note on Thursday, April 4th. Argus dropped their price objective on Eversource Energy from $85.00 to $68.00 and set a "buy" rating for the company in a research note on Monday, March 25th. Bank of America raised Eversource Energy from an "underperform" rating to a "neutral" rating and set a $61.00 target price on the stock in a research note on Tuesday, June 25th. StockNews.com upgraded Eversource Energy to a "sell" rating in a research note on Thursday, March 28th. Finally, The Goldman Sachs Group began coverage on shares of Eversource Energy in a report on Wednesday, April 10th. They issued a "buy" rating and a $73.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $65.86.

Insider Transactions at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 2,700 shares of the business's stock in a transaction that occurred on Friday, May 31st. The stock was 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 in the company, valued at $603,480. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Penelope M. Conner sold 2,700 shares of Eversource Energy stock in a transaction on Friday, May 31st. The stock was sold at an average price of $58.75, for a total transaction of $158,625.00. Following the completion of the sale, the executive vice president now directly owns 10,272 shares in the company, valued at $603,480. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Gregory B. Butler sold 10,000 shares of the company's stock in a transaction dated Wednesday, May 29th. The stock was 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 owns 63,808 shares in the company, valued at $3,586,009.60. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

About Eversource Energy

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.