Cwm LLC Buys 5,330 Shares of Eversource Energy (NYSE:ES)

CWM LLC lifted its position in shares of Eversource Energy (NYSE:ES - Free Report) by 14.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,257 shares of the utilities provider's stock after buying an additional 5,330 shares during the period. CWM LLC's holdings in Eversource Energy were worth $2,562,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mizuho Bank Ltd. bought a new stake in shares of Eversource Energy in the 4th quarter valued at about $26,000. Pinney & Scofield Inc. bought a new stake in shares of Eversource Energy in the 4th quarter valued at about $33,000. Rossby Financial LCC bought a new stake in shares of Eversource Energy in the 1st quarter valued at about $34,000. CoreCap Advisors LLC lifted its stake in shares of Eversource Energy by 168.7% in the 4th quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 383 shares during the last quarter. Finally, First Financial Corp IN lifted its stake in shares of Eversource Energy by 3,529.4% in the 1st quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 600 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on ES shares. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Mizuho upped their price target on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $58.00 price target (down previously from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Finally, BMO Capital Markets upped their price target on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research report on Monday, April 28th. 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, Eversource Energy currently has a consensus rating of "Hold" and a consensus target price of $65.67.

Eversource Energy Stock Up 0.9%

Shares of Eversource Energy stock traded up $0.57 during midday trading on Friday, hitting $65.41. The company had a trading volume of 3,868,761 shares, compared to its average volume of 2,503,609. 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 stock has a market capitalization of $24.03 billion, a P/E ratio of 28.19, a P/E/G ratio of 2.44 and a beta of 0.62. The company has a 50 day moving average of $64.20 and a 200 day moving average of $60.96. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.65 billion. Eversource Energy had a return on equity of 11.04% and a net margin of 6.63%. The firm's quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.49 EPS. On average, equities analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.7525 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.01 annualized dividend and a yield of 4.60%. Eversource Energy's dividend payout ratio is 129.74%.

Insider Buying and Selling

In other news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction 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 directly owned 10,988 shares of the company's stock, valued at $703,232. This represents a 19.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.41% of the company's stock.

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.