ASR Vermogensbeheer N.V. Makes New Investment in Eversource Energy (NYSE:ES)

Key Points

• ASR Vermogensbeheer N.V. has invested approximately $11,990,000 in Eversource Energy by purchasing 193,045 shares, representing roughly 0.05% ownership in the company.
• Eversource Energy's stock experienced a slight decrease of 0.6%, opening at $65.47, with a market capitalization of $24.05 billion and a 1-year high of $69.01.
• Analysts have a consensus rating of "Hold" for Eversource Energy, with price target estimates varying between $58.00 and $72.00 across multiple brokerages.

ASR Vermogensbeheer N.V. purchased a new stake in shares of Eversource Energy (NYSE:ES - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 193,045 shares of the utilities provider's stock, valued at approximately $11,990,000. ASR Vermogensbeheer N.V. owned about 0.05% of Eversource Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ES. Pinney & Scofield Inc. purchased a new stake in Eversource Energy in the fourth quarter valued at approximately $33,000. Rossby Financial LCC purchased a new stake in shares of Eversource Energy in the 1st quarter valued at $34,000. CoreCap Advisors LLC lifted its stake in Eversource Energy by 168.7% during the 4th quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock worth $35,000 after acquiring an additional 383 shares in the last quarter. First Financial Corp IN lifted its stake in Eversource Energy by 3,529.4% during the 1st quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock worth $38,000 after acquiring an additional 600 shares in the last quarter. Finally, Quarry LP boosted its holdings in Eversource Energy by 207.4% during the 4th quarter. Quarry LP now owns 833 shares of the utilities provider's stock valued at $48,000 after acquiring an additional 562 shares during the period. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Down 0.6%

Eversource Energy stock opened at $65.47 on Thursday. The stock has a market cap of $24.05 billion, a PE ratio of 28.10, a P/E/G ratio of 2.46 and a beta of 0.61. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.71 and a quick ratio of 0.66. The stock's fifty day moving average is $64.91 and its two-hundred day moving average is $61.79. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.01. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3.01 billion. Eversource Energy had a return on equity of 11.00% and a net margin of 6.60%. The business's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.95 EPS. On average, sell-side analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Insider Activity

In related news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy stock in a transaction on Tuesday, May 20th. The shares were 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 in the company, valued at $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 is available through the SEC website. Insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ES. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Bank of America increased their target price on shares of Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. JPMorgan Chase & Co. restated an "underweight" rating and issued a $58.00 price target (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Mizuho increased 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. Finally, BMO Capital Markets lifted 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. 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $65.56.

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.

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