B. Metzler seel. Sohn & Co. AG Raises Holdings in Eversource Energy (NYSE:ES)

B. Metzler seel. Sohn & Co. AG grew its position in shares of Eversource Energy (NYSE:ESGet Rating) by 13.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 67,484 shares of the utilities provider’s stock after buying an additional 8,040 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Eversource Energy were worth $5,700,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ES. MCF Advisors LLC purchased a new position in shares of Eversource Energy during the first quarter worth about $31,000. Tcwp LLC acquired a new stake in shares of Eversource Energy during the first quarter worth about $34,000. Atticus Wealth Management LLC boosted its stake in shares of Eversource Energy by 88.1% during the second quarter. Atticus Wealth Management LLC now owns 427 shares of the utilities provider’s stock worth $36,000 after buying an additional 200 shares during the period. ACG Wealth acquired a new stake in shares of Eversource Energy during the second quarter worth about $36,000. Finally, Clear Street Markets LLC boosted its stake in shares of Eversource Energy by 200.0% during the second quarter. Clear Street Markets LLC now owns 723 shares of the utilities provider’s stock worth $61,000 after buying an additional 482 shares during the period. Hedge funds and other institutional investors own 78.40% of the company’s stock.

Insider Activity

In other news, VP Gregory B. Butler sold 5,000 shares of Eversource Energy stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $91.33, for a total transaction of $456,650.00. Following the completion of the sale, the vice president now directly owns 71,814 shares in the company, valued at approximately $6,558,772.62. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.38% of the company’s stock.

Eversource Energy Price Performance

Shares of ES stock traded up $1.17 during midday trading on Thursday, reaching $82.18. 1,666,812 shares of the company traded hands, compared to its average volume of 1,679,936. The firm’s 50 day simple moving average is $78.71 and its two-hundred day simple moving average is $84.85. Eversource Energy has a 1-year low of $70.54 and a 1-year high of $94.63. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.71 and a quick ratio of 0.66. The firm has a market cap of $28.62 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 3.18 and a beta of 0.47.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 26th were given a dividend of $0.6375 per share. The ex-dividend date was Friday, September 23rd. This represents a $2.55 dividend on an annualized basis and a dividend yield of 3.10%. Eversource Energy’s payout ratio is 63.59%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Eversource Energy from $104.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, October 19th. Morgan Stanley increased their target price on shares of Eversource Energy from $78.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Friday, November 11th. StockNews.com assumed coverage on shares of Eversource Energy in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Wolfe Research upgraded shares of Eversource Energy from a “peer perform” rating to an “outperform” rating and set a $96.00 target price for the company in a research note on Monday, August 1st. Finally, Credit Suisse Group raised their price objective on shares of Eversource Energy to $90.00 in a research report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Eversource Energy currently has an average rating of “Hold” and an average price target of $89.00.

Eversource Energy Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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