Eversource Energy (NYSE:ES) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its holdings in Eversource Energy (NYSE:ES - Free Report) by 14.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,402 shares of the utilities provider's stock after buying an additional 8,616 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Eversource Energy were worth $4,124,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sterling Investment Counsel LLC raised its stake in shares of Eversource Energy by 4.9% during the 1st quarter. Sterling Investment Counsel LLC now owns 4,100 shares of the utilities provider's stock worth $255,000 after buying an additional 190 shares during the period. Ascent Group LLC increased its holdings in Eversource Energy by 1.2% in the 4th quarter. Ascent Group LLC now owns 19,663 shares of the utilities provider's stock worth $1,129,000 after acquiring an additional 230 shares in the last quarter. Keybank National Association OH raised its position in Eversource Energy by 2.6% during the fourth quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider's stock worth $522,000 after acquiring an additional 233 shares during the period. Whittier Trust Co. lifted its holdings in Eversource Energy by 3.3% during the fourth quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider's stock valued at $444,000 after purchasing an additional 245 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in Eversource Energy by 99.2% during the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 254 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Price Performance

Shares of ES traded up $0.03 during mid-day trading on Wednesday, hitting $64.58. The company's stock had a trading volume of 994,351 shares, compared to its average volume of 2,488,157. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.71. 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 $23.72 billion, a P/E ratio of 27.87, a P/E/G ratio of 2.37 and a beta of 0.62. The firm has a 50-day simple moving average of $62.84 and a 200 day simple moving average of $60.28.

Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.50. The company had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $3.65 billion. Eversource Energy had a net margin of 6.63% and a return on equity of 11.04%. The firm's quarterly revenue was up 23.6% compared to the same quarter last year. During the same period last year, the company posted $1.49 earnings per share. Analysts predict that Eversource Energy will post 4.75 EPS 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 issued a dividend of $0.7525 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.01 annualized dividend and a yield of 4.66%. Eversource Energy's dividend payout ratio (DPR) is currently 129.74%.

Analyst Ratings Changes

ES has been the subject of a number of research reports. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. BMO Capital Markets lifted their price objective on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a report on Monday, April 28th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Finally, Mizuho raised their target price on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $65.67.

Insider Transactions at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total value of $166,400.00. Following the sale, the executive vice president directly owned 10,988 shares in the company, valued at $703,232. This represents a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.19% 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.