Eversource Energy (NYSE:ES) Shares Bought by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. boosted its stake in shares of Eversource Energy (NYSE:ESFree Report) by 18.4% in the first quarter, HoldingsChannel.com reports. The fund owned 23,712 shares of the utilities provider’s stock after purchasing an additional 3,678 shares during the period. ST Germain D J Co. Inc.’s holdings in Eversource Energy were worth $1,417,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Nomura Holdings Inc. acquired a new position in Eversource Energy during the fourth quarter worth $434,000. HighPoint Advisor Group LLC acquired a new position in Eversource Energy during the fourth quarter worth $282,000. PNC Financial Services Group Inc. grew its holdings in shares of Eversource Energy by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 441,990 shares of the utilities provider’s stock worth $27,280,000 after buying an additional 3,956 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Eversource Energy by 15.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 4,375 shares of the utilities provider’s stock worth $270,000 after buying an additional 590 shares in the last quarter. Finally, SageView Advisory Group LLC grew its holdings in shares of Eversource Energy by 9.4% during the fourth quarter. SageView Advisory Group LLC now owns 9,293 shares of the utilities provider’s stock worth $574,000 after buying an additional 801 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Eversource Energy from $50.00 to $61.00 and gave the stock an “underperform” rating in a report on Wednesday, May 15th. UBS Group raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $62.00 to $67.00 in a report on Thursday, April 4th. Morgan Stanley upped their target price on shares of Eversource Energy from $64.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. StockNews.com raised shares of Eversource Energy to a “sell” rating in a report on Thursday, March 28th. Finally, BMO Capital Markets upped their target price on shares of Eversource Energy from $65.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $66.07.

Get Our Latest Stock Analysis on Eversource Energy

Insider Transactions at Eversource Energy

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

Eversource Energy Stock Performance

Shares of ES stock opened at $58.01 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.71. The company has a 50-day moving average of $59.56 and a two-hundred day moving average of $58.88. Eversource Energy has a 1-year low of $52.03 and a 1-year high of $74.81.

Eversource Energy (NYSE:ESGet Free Report) last announced its earnings results on Wednesday, May 1st. The utilities provider reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.04. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.69 billion. Eversource Energy had a negative net margin of 3.60% and a positive return on equity of 10.32%. Eversource Energy’s revenue was down 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 earnings per share. Equities analysts anticipate that Eversource Energy will post 4.53 earnings per share for the current fiscal 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 given a dividend of $0.715 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.86 annualized dividend and a dividend yield of 4.93%. Eversource Energy’s dividend payout ratio is presently -242.37%.

Eversource Energy Profile

(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.

See Also

Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ESFree Report).

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

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