Fifth Third Wealth Advisors LLC Makes New Investment in Eversource Energy (NYSE:ES)

Fifth Third Wealth Advisors LLC purchased a new position in shares of Eversource Energy (NYSE:ES - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,358 shares of the utilities provider's stock, valued at approximately $271,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Mizuho Bank Ltd. bought a new stake in shares of Eversource Energy during the 4th quarter valued at approximately $26,000. Kestra Investment Management LLC bought a new position in shares of Eversource Energy in the 4th quarter worth about $29,000. Assetmark Inc. lifted its stake in Eversource Energy by 99.2% in the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after buying an additional 254 shares during the period. Pinney & Scofield Inc. acquired a new position in shares of Eversource Energy during the 4th quarter valued at $33,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of 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. Institutional investors own 79.99% of the company's stock.

Eversource Energy Price Performance

ES traded up $0.06 on Friday, reaching $65.36. The company had a trading volume of 1,033,970 shares, compared to its average volume of 2,443,267. The business has a 50 day simple moving average of $60.54 and a 200 day simple moving average of $60.05. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $24.01 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 2.35 and a beta of 0.61. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, meeting analysts' consensus estimates of $1.50. The company 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%. Eversource Energy's revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period last year, the firm posted $1.49 EPS. As a group, sell-side analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend is 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 the company's 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 completion of the transaction, the executive vice president now owns 10,988 shares of the company's stock, valued at $703,232. This represents a 19.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ES shares. Scotiabank lowered their target price on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research report on Thursday, February 13th. Wall Street Zen upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. BMO Capital Markets raised their target price on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $58.00 target price (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Finally, Guggenheim reiterated a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Three equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $65.78.

Eversource Energy 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.