Czech National Bank Boosts Holdings in Eversource Energy (NYSE:ES)

Czech National Bank lifted its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 6.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,244 shares of the utilities provider's stock after buying an additional 4,800 shares during the period. Czech National Bank's holdings in Eversource Energy were worth $5,232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Summit Trail Advisors LLC increased its holdings in Eversource Energy by 4.6% in the fourth quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider's stock valued at $281,000 after buying an additional 216 shares in the last quarter. Ascent Group LLC increased its holdings in Eversource Energy by 1.2% in the fourth quarter. Ascent Group LLC now owns 19,663 shares of the utilities provider's stock valued at $1,129,000 after buying an additional 230 shares in the last quarter. Keybank National Association OH increased its holdings in Eversource Energy by 2.6% in the fourth quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider's stock valued at $522,000 after buying an additional 233 shares in the last quarter. Whittier Trust Co. increased its holdings in Eversource Energy by 3.3% in the fourth quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider's stock valued at $444,000 after buying an additional 245 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Eversource Energy by 99.2% in the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after buying an additional 254 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Performance

NYSE:ES traded up $0.59 during trading hours on Thursday, reaching $65.25. 4,307,155 shares of the company's stock were exchanged, compared to its average volume of 2,446,383. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01. The firm has a market capitalization of $23.97 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 2.35 and a beta of 0.61. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The company has a 50-day moving average of $60.48 and a 200 day moving average of $60.03.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. The company had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the business earned $1.49 EPS. The business's revenue was up 23.6% on a year-over-year basis. Research analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 15th will be paid a $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Thursday, May 15th. Eversource Energy's dividend payout ratio (DPR) is 129.74%.

Insider Activity at Eversource Energy

In related news, EVP Penelope M. Conner sold 2,600 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total value of $166,400.00. Following the completion of the sale, the executive vice president now owns 10,988 shares in the company, valued at $703,232. This trade 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 at this link. Company insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

ES has been the subject of a number of research reports. JPMorgan Chase & Co. reissued an "underweight" rating and set a $58.00 target price (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. BMO Capital Markets boosted 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. Wells Fargo & Company cut their target price on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Three research 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. Based on data from MarketBeat, Eversource Energy has an average rating of "Hold" and a consensus price target of $65.78.

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.