Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 382,881 Eversource Energy (NYSE:ES)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Eversource Energy (NYSE:ES - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 382,881 shares of the utilities provider's stock, valued at approximately $21,989,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Eversource Energy as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Mizuho Bank Ltd. bought a new stake in shares of Eversource Energy during the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC bought a new position in shares of Eversource Energy in the fourth quarter worth about $29,000. Assetmark Inc. lifted its position in shares of Eversource Energy by 99.2% in the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after buying an additional 254 shares in the last quarter. Pinney & Scofield Inc. purchased a new stake in shares of Eversource Energy in the fourth quarter worth about $33,000. Finally, Venturi Wealth Management LLC raised its position in Eversource Energy by 104.5% during the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 301 shares during the period. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Scotiabank reduced their target price on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a research note on Thursday, February 13th. Guggenheim reiterated a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. BMO Capital Markets lifted their price target on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $65.78.

Insider Buying and Selling at Eversource Energy

In related news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total transaction of $166,400.00. Following the completion of the transaction, the executive vice president now directly owns 10,988 shares of the company's stock, valued at $703,232. This represents a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.41% of the stock is currently owned by insiders.

Eversource Energy Trading Up 1.2%

NYSE ES traded up $0.79 on Friday, reaching $64.88. The stock had a trading volume of 5,660,354 shares, compared to its average volume of 2,446,049. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $69.01. The stock has a fifty day moving average price of $60.21 and a two-hundred day moving average price of $59.95. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $23.84 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 2.35 and a beta of 0.61.

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

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 15th will be paid a $0.7525 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.01 annualized dividend and a yield of 4.64%. Eversource Energy's dividend payout ratio is presently 129.74%.

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.