Alan B Lancz & Associates Inc. Invests $250,000 in Eversource Energy (NYSE:ES)

Alan B Lancz & Associates Inc. acquired a new stake in Eversource Energy (NYSE:ES - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,033 shares of the utilities provider's stock, valued at approximately $250,000.

Several other large investors also recently bought and sold shares of ES. Sterling Investment Counsel LLC raised its holdings in Eversource Energy by 4.9% during the first quarter. Sterling Investment Counsel LLC now owns 4,100 shares of the utilities provider's stock worth $255,000 after purchasing an additional 190 shares in the last quarter. Ascent Group LLC increased its holdings in Eversource Energy by 1.2% in 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 in the last quarter. Whittier Trust Co. increased its holdings in Eversource Energy by 3.3% in the fourth 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 in the last quarter. Assetmark Inc. increased its holdings 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 in the last quarter. Finally, First Manhattan CO. LLC. increased its holdings in Eversource Energy by 2.9% in the fourth quarter. First Manhattan CO. LLC. now owns 9,131 shares of the utilities provider's stock valued at $524,000 after buying an additional 255 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

Insider Buying and Selling

In other 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 value 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. This represents a 19.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by company insiders.

Eversource Energy Stock Performance

Shares of ES traded up $0.99 during midday trading on Thursday, reaching $66.10. 1,484,596 shares of the stock were exchanged, compared to its average volume of 2,496,553. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.01. The stock's 50 day simple moving average is $63.54 and its 200 day simple moving average is $60.57. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.71. The company has a market cap of $24.28 billion, a P/E ratio of 28.49, a PEG ratio of 2.42 and a beta of 0.62.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.50. Eversource Energy had a net margin of 6.63% and a return on equity of 11.04%. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the business earned $1.49 EPS. The firm's quarterly revenue was up 23.6% on a year-over-year basis. On average, sell-side analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend was Thursday, May 15th. Eversource Energy's dividend payout ratio (DPR) is presently 129.74%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ES shares. JPMorgan Chase & Co. restated an "underweight" rating and set a $58.00 target price (down previously from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Mizuho boosted their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Finally, BMO Capital Markets boosted their target price 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. Three investment 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. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $65.67.

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.