Eversource Energy (NYSE:ES) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its position in shares of Eversource Energy (NYSE:ES - Free Report) by 51.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,971 shares of the utilities provider's stock after selling 7,364 shares during the quarter. Bessemer Group Inc.'s holdings in Eversource Energy were worth $433,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ES. Vanguard Group Inc. grew its stake in Eversource Energy by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock worth $2,561,936,000 after buying an additional 1,387,072 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Eversource Energy by 38.6% in the fourth quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock worth $945,893,000 after acquiring an additional 4,585,232 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Eversource Energy by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider's stock worth $570,500,000 after acquiring an additional 226,972 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Eversource Energy by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider's stock worth $547,550,000 after acquiring an additional 517,042 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Eversource Energy by 4.8% during the fourth quarter. FMR LLC now owns 7,352,593 shares of the utilities provider's stock valued at $422,259,000 after acquiring an additional 333,529 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the 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 transaction, the executive vice president directly owned 10,988 shares of the company's stock, valued at $703,232. This trade represents a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company's stock.

Eversource Energy Stock Performance

NYSE ES traded up $0.12 on Thursday, reaching $64.57. 1,471,270 shares of the company's stock traded hands, compared to its average volume of 2,494,896. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.66 and a current ratio of 0.75. The firm has a market cap of $23.72 billion, a price-to-earnings ratio of 27.83, a P/E/G ratio of 2.40 and a beta of 0.62. The stock has a 50 day moving average price of $62.97 and a 200-day moving average price of $60.31.

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 the consensus estimate of $1.50. Eversource Energy had a return on equity of 11.04% and a net margin of 6.63%. The business had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter in the previous year, the firm posted $1.49 EPS. The company's revenue for the quarter was up 23.6% on a year-over-year basis. Equities research analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 15th were issued a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 4.66%. The ex-dividend date was Thursday, May 15th. Eversource Energy's payout ratio is presently 129.74%.

Analyst Upgrades and Downgrades

ES has been the subject of a number of recent analyst reports. BMO Capital Markets lifted 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 note on Monday, April 28th. Wall Street Zen upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Mizuho boosted their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. restated 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. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Eversource Energy currently has a consensus rating of "Hold" and a consensus target price of $65.67.

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.