19,556 Shares in Eversource Energy (NYSE:ES) Acquired by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group bought a new stake in Eversource Energy (NYSE:ES - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,556 shares of the utilities provider's stock, valued at approximately $1,215,000.

A number of other institutional investors also recently made changes to their positions in ES. Retirement Planning Co of New England Inc. increased its holdings in shares of Eversource Energy by 293.7% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 15,619 shares of the utilities provider's stock valued at $970,000 after acquiring an additional 11,652 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Eversource Energy by 106.9% in the first quarter. Victory Capital Management Inc. now owns 446,122 shares of the utilities provider's stock worth $27,709,000 after purchasing an additional 230,461 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in Eversource Energy by 109.5% during the first quarter. Wealthfront Advisers LLC now owns 231,622 shares of the utilities provider's stock valued at $14,386,000 after buying an additional 121,040 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in Eversource Energy by 3.5% during the first quarter. Apollon Wealth Management LLC now owns 9,642 shares of the utilities provider's stock valued at $599,000 after buying an additional 330 shares in the last quarter. Finally, MQS Management LLC purchased a new stake in shares of Eversource Energy during the first quarter valued at $202,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. BMO Capital Markets upped their target price on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a report on Monday, April 28th. 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. Wall Street Zen upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, Mizuho upped their price objective on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $65.67.

Eversource Energy Trading Up 1.0%

Shares of NYSE:ES traded up $0.64 during midday trading on Friday, reaching $65.48. The company's stock had a trading volume of 1,117,389 shares, compared to its average volume of 2,486,697. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.66 and a current ratio of 0.75. The firm has a 50 day moving average price of $64.15 and a two-hundred day moving average price of $60.90. The firm has a market capitalization of $24.05 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 2.41 and a beta of 0.62. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. Eversource Energy had a return on equity of 11.04% and a net margin of 6.63%. The company had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the previous year, the business earned $1.49 earnings per share. The firm's quarterly revenue was up 23.6% compared to the same quarter last year. As a group, analysts forecast that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, May 15th were paid a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend was Thursday, May 15th. Eversource Energy's dividend payout ratio (DPR) is presently 129.74%.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total transaction of $166,400.00. Following the sale, the executive vice president directly owned 10,988 shares of the company's stock, valued at approximately $703,232. The trade was a 19.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.41% 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.

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