Asset Management One Co. Ltd. Purchases 9,562 Shares of Eversource Energy (NYSE:ES)

Asset Management One Co. Ltd. lifted its holdings in Eversource Energy (NYSE:ES - Free Report) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,887 shares of the utilities provider's stock after acquiring an additional 9,562 shares during the period. Asset Management One Co. Ltd.'s holdings in Eversource Energy were worth $9,309,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ES. Truist Financial Corp raised its position in Eversource Energy by 5.6% in the fourth quarter. Truist Financial Corp now owns 21,385 shares of the utilities provider's stock valued at $1,228,000 after purchasing an additional 1,138 shares during the period. IFP Advisors Inc lifted its position in Eversource Energy by 130.4% during the 4th quarter. IFP Advisors Inc now owns 4,037 shares of the utilities provider's stock worth $232,000 after acquiring an additional 2,285 shares in the last quarter. Advisor OS LLC boosted its holdings in Eversource Energy by 8.1% in the 4th quarter. Advisor OS LLC now owns 5,462 shares of the utilities provider's stock worth $314,000 after acquiring an additional 407 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Eversource Energy by 2.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 31,465 shares of the utilities provider's stock valued at $1,807,000 after purchasing an additional 840 shares during the period. Finally, New York Life Investment Management LLC boosted its stake in shares of Eversource Energy by 6.0% in the fourth quarter. New York Life Investment Management LLC now owns 55,664 shares of the utilities provider's stock valued at $3,197,000 after purchasing an additional 3,167 shares during the period. Hedge funds and other institutional investors own 79.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Mizuho boosted their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. BMO Capital Markets raised their price target 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. Finally, Wall Street Zen upgraded Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $65.67.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy 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 owned 10,988 shares in the company, valued at $703,232. The trade was a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.19% of the company's stock.

Eversource Energy Trading Up 0.3%

Shares of ES traded up $0.20 during midday trading on Monday, hitting $63.56. The stock had a trading volume of 4,386,065 shares, compared to its average volume of 2,493,396. The business has a 50-day simple moving average of $62.57 and a two-hundred day simple moving average of $60.23. The firm has a market cap of $23.35 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.71. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01.

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, hitting analysts' consensus estimates of $1.50. The firm had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $3.65 billion. Eversource Energy had a net margin of 6.63% and a return on equity of 11.04%. Eversource Energy's revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.49 earnings per share. As a group, equities analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 15th will be given a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 4.74%. The ex-dividend date is Thursday, May 15th. Eversource Energy's dividend payout ratio is currently 129.74%.

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.