Eversource Energy (NYSE:ES) Position Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in shares of Eversource Energy (NYSE:ES) by 11.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 946,721 shares of the utilities provider’s stock after purchasing an additional 96,074 shares during the period. BNP Paribas Financial Markets owned about 0.27% of Eversource Energy worth $56,586,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ES. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Eversource Energy by 24.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,810 shares of the utilities provider’s stock worth $4,232,000 after acquiring an additional 13,950 shares during the period. Northcape Wealth Management LLC increased its holdings in shares of Eversource Energy by 16.4% in the 1st quarter. Northcape Wealth Management LLC now owns 29,707 shares of the utilities provider’s stock worth $1,776,000 after acquiring an additional 4,187 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Eversource Energy by 61.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,660 shares of the utilities provider’s stock worth $996,000 after acquiring an additional 6,315 shares during the period. Private Advisor Group LLC increased its holdings in shares of Eversource Energy by 66.5% in the 1st quarter. Private Advisor Group LLC now owns 20,444 shares of the utilities provider’s stock worth $1,222,000 after acquiring an additional 8,167 shares during the period. Finally, Norden Group LLC acquired a new stake in shares of Eversource Energy in the 1st quarter worth about $461,000. Institutional investors own 79.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Eversource Energy in a research report on Wednesday, April 10th. They issued a “buy” rating and a $73.00 target price for the company. Argus decreased their target price on shares of Eversource Energy from $85.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Morgan Stanley decreased their target price on shares of Eversource Energy from $70.00 to $67.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. Bank of America upgraded shares of Eversource Energy from an “underperform” rating to a “neutral” rating and set a $61.00 target price for the company in a research report on Tuesday, June 25th. Finally, Wells Fargo & Company increased their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $65.86.

Eversource Energy Trading Down 0.1 %

Shares of ES traded down $0.04 during midday trading on Friday, hitting $57.27. The stock had a trading volume of 1,753,634 shares, compared to its average volume of 1,722,102. Eversource Energy has a fifty-two week low of $52.03 and a fifty-two week high of $74.81. The business has a 50-day simple moving average of $59.02 and a two-hundred day simple moving average of $58.55. The firm has a market cap of $20.17 billion, a P/E ratio of -48.53, a price-to-earnings-growth ratio of 2.21 and a beta of 0.59. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, May 1st. The utilities provider reported $1.49 EPS for the quarter, topping the consensus estimate of $1.45 by $0.04. Eversource Energy had a negative net margin of 3.60% and a positive return on equity of 10.32%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the company posted $1.41 earnings per share. The business’s revenue for the quarter was down 12.2% on a year-over-year basis. As a group, equities analysts forecast that Eversource Energy will post 4.53 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, May 16th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend was Wednesday, May 15th. Eversource Energy’s dividend payout ratio (DPR) is -242.37%.

Insider Transactions at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,700 shares of the 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 completion of the sale, the executive vice president now directly owns 10,272 shares of the company’s stock, valued at $603,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, 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 transaction, 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 legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $158,625.00. Following the transaction, the executive vice president now directly owns 10,272 shares in the company, valued at approximately $603,480. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Eversource Energy Company Profile

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.