3,854 Shares in Eversource Energy (NYSE:ES) Purchased by Patrick M Sweeney & Associates Inc.

Patrick M Sweeney & Associates Inc. bought a new stake in shares of Eversource Energy (NYSE:ES - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,854 shares of the utilities provider's stock, valued at approximately $239,000.

Other large investors have also recently made changes to their positions in the company. Summit Trail Advisors LLC grew its position in Eversource Energy by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider's stock valued at $281,000 after purchasing an additional 216 shares during the last quarter. Ascent Group LLC grew its holdings in shares of Eversource Energy by 1.2% during the fourth quarter. Ascent Group LLC now owns 19,663 shares of the utilities provider's stock valued at $1,129,000 after buying an additional 230 shares during the last quarter. Keybank National Association OH increased its position in shares of Eversource Energy by 2.6% during the fourth quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider's stock valued at $522,000 after acquiring an additional 233 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of Eversource Energy by 3.3% during the 4th quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider's stock valued at $444,000 after buying an additional 245 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of Eversource Energy by 99.2% in the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after buying an additional 254 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Stock Up 0.3%

NYSE ES opened at $65.50 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $69.01. The firm has a market capitalization of $24.06 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 2.35 and a beta of 0.63. The company has a fifty day moving average of $60.61 and a two-hundred day moving average of $60.05.

Eversource Energy (NYSE:ES - Get Free Report) last announced 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 business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.65 billion. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. The company's revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.49 earnings per share. On average, analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 15th will be paid a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 4.60%. The ex-dividend date is Thursday, May 15th. Eversource Energy's dividend payout ratio is presently 129.74%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ES shares. Guggenheim reiterated a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Scotiabank lowered their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company cut their target price on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $58.00 target price (down previously from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Eversource Energy has an average rating of "Hold" and an average price target of $65.78.

Insider Transactions at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction 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 now owns 10,988 shares of the company's stock, valued at approximately $703,232. This trade represents a 19.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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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