Capital Investment Advisors LLC Boosts Stock Position in Eversource Energy (NYSE:ES)

Capital Investment Advisors LLC raised its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 623.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,257 shares of the utilities provider's stock after purchasing an additional 22,630 shares during the period. Capital Investment Advisors LLC's holdings in Eversource Energy were worth $1,631,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ES. Wellington Management Group LLP raised its position in Eversource Energy by 38.6% during the 4th quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock worth $945,893,000 after purchasing an additional 4,585,232 shares during the last quarter. Norges Bank bought a new position in Eversource Energy during the 4th quarter worth $188,838,000. Amundi raised its position in Eversource Energy by 32.2% during the 4th quarter. Amundi now owns 6,482,546 shares of the utilities provider's stock worth $367,691,000 after purchasing an additional 1,579,818 shares during the last quarter. Vanguard Group Inc. grew its holdings 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 acquiring an additional 1,387,072 shares during the period. Finally, Vest Financial LLC acquired a new stake in Eversource Energy during the 1st quarter worth about $60,273,000. 79.99% of the stock is owned by institutional investors.

Insider Transactions at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of the business'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 value of $166,400.00. Following the transaction, the executive vice president now owns 10,988 shares in the company, valued at $703,232. The trade was a 19.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.41% of the company's stock.

Eversource Energy Stock Down 1.0%

Shares of ES traded down $0.67 during trading hours on Friday, hitting $65.13. The stock had a trading volume of 1,750,663 shares, compared to its average volume of 2,457,337. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a 50 day simple moving average of $61.10 and a 200-day simple moving average of $60.15. The firm has a market capitalization of $23.93 billion, a P/E ratio of 28.19, a price-to-earnings-growth ratio of 2.35 and a beta of 0.63. 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 quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 EPS for the quarter, hitting analysts' consensus estimates of $1.50. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.65 billion. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. The company's revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 EPS. Sell-side analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Thursday, May 15th. Eversource Energy's dividend payout ratio is currently 129.74%.

Analysts Set New Price Targets

A number of brokerages have weighed in on ES. Wells Fargo & Company decreased their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Scotiabank decreased their price target on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $58.00 price target (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. BMO Capital Markets increased their price target on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a 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 research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Eversource Energy currently has a consensus rating of "Hold" and a consensus price target 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.