Eversource Energy (NYSE:ES) Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its holdings in Eversource Energy (NYSE:ES - Free Report) by 37.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,581,521 shares of the utilities provider's stock after selling 947,091 shares during the period. Deutsche Bank AG owned about 0.43% of Eversource Energy worth $90,827,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mizuho Bank Ltd. bought a new stake in shares of Eversource Energy in the 4th quarter worth approximately $26,000. Kestra Investment Management LLC bought a new stake in Eversource Energy in the 4th quarter valued at $29,000. Assetmark Inc. boosted its holdings in Eversource Energy by 99.2% in the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 254 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Eversource Energy by 104.5% in the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after buying an additional 301 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Eversource Energy during the 4th quarter worth about $35,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Jay S. Buth sold 980 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.99, for a total value of $61,730.20. Following the completion of the sale, the vice president now directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Frederica M. Williams sold 3,092 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the transaction, the insider now owns 22,671 shares of the company's stock, valued at approximately $1,411,496.46. The trade was a 12.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company's stock.

Eversource Energy Price Performance

Shares of ES traded up $0.97 during trading hours on Thursday, reaching $62.32. 2,942,738 shares of the company's stock traded hands, compared to its average volume of 2,416,093. The firm's 50 day simple moving average is $59.51 and its 200-day simple moving average is $59.89. The stock has a market cap of $22.90 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $69.01. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. The firm had revenue of $4.12 billion for the quarter, compared to analysts' expectations of $3.65 billion. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. The business's revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.49 earnings per share. Equities analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 15th will be paid a $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 4.83%. The ex-dividend date is Thursday, May 15th. Eversource Energy's dividend payout ratio (DPR) is currently 129.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ES. JPMorgan Chase & Co. reissued an "underweight" rating and set a $58.00 price objective (down previously from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Barclays lowered their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Scotiabank lowered their target price on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a report on Thursday, February 13th. BMO Capital Markets lifted their price objective on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research report on Monday, April 28th. Finally, Jefferies Financial Group reduced their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a research report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $65.78.

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.