Capital Investment Advisors LLC Acquires 22,630 Shares of Eversource Energy (NYSE:ES)

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

A number of other hedge funds also recently made changes to their positions in ES. Wellington Management Group LLP increased its position in Eversource Energy by 38.6% in the 4th quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock valued at $945,893,000 after acquiring an additional 4,585,232 shares in the last quarter. Norges Bank bought a new stake in shares of Eversource Energy during the fourth quarter valued at approximately $188,838,000. Amundi grew its stake in shares of Eversource Energy by 32.2% during the fourth quarter. Amundi now owns 6,482,546 shares of the utilities provider's stock valued at $367,691,000 after purchasing an additional 1,579,818 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Eversource Energy by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock valued at $2,561,936,000 after purchasing an additional 1,387,072 shares in the last quarter. Finally, Vest Financial LLC bought a new position in Eversource Energy in the 1st quarter worth approximately $60,273,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Wall Street Analysts Forecast Growth

ES has been the subject of several analyst reports. Wells Fargo & Company lowered their price target on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. BMO Capital Markets raised their price target on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research report on Monday, April 28th. Scotiabank decreased their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a report on Thursday, February 13th. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Eversource Energy presently has a consensus rating of "Hold" and an average target price of $65.78.

Eversource Energy Trading Down 0.2%

ES stock traded down $0.12 during trading on Friday, hitting $65.69. The company had a trading volume of 186,330 shares, compared to its average volume of 2,447,053. The stock has a market cap of $24.13 billion, a PE ratio of 28.41, a PEG ratio of 2.35 and a beta of 0.63. The business has a 50-day moving average of $61.10 and a 200-day moving average of $60.15. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. Eversource Energy has a one year low of $52.28 and a one year high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. The company had revenue of $4.12 billion for 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 firm's revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.49 EPS. Research analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 15th will be paid a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Thursday, May 15th. Eversource Energy's dividend payout ratio is presently 129.74%.

Insiders Place Their Bets

In other news, EVP Penelope M. Conner sold 2,600 shares of the company'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 transaction of $166,400.00. Following the transaction, the executive vice president now directly owns 10,988 shares of the company's stock, valued at $703,232. This represents a 19.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.41% of the company's stock.

About Eversource Energy

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.