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Mirae Asset Global Investments Co. Ltd. Buys 20,063 Shares of Eversource Energy (NYSE:ES)

Eversource Energy logo with Utilities background

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 49.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,294 shares of the utilities provider's stock after purchasing an additional 20,063 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Eversource Energy were worth $3,685,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake 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 during the period. Wellington Management Group LLP boosted its stake 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 worth $945,893,000 after purchasing an additional 4,585,232 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Eversource Energy by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider's stock worth $570,500,000 after purchasing an additional 226,972 shares during the period. Geode Capital Management LLC boosted its stake in shares of Eversource Energy by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider's stock valued at $547,550,000 after buying an additional 517,042 shares during the period. Finally, FMR LLC boosted its stake in shares of Eversource Energy by 4.8% during the 4th quarter. FMR LLC now owns 7,352,593 shares of the utilities provider's stock valued at $422,259,000 after buying an additional 333,529 shares during the period. Institutional investors own 79.99% of the company's stock.

Eversource Energy Trading Up 0.2%

ES traded up $0.12 during mid-day trading on Friday, hitting $64.57. The stock had a trading volume of 1,471,270 shares, compared to its average volume of 2,497,873. The stock's fifty day simple moving average is $63.23 and its 200-day simple moving average is $60.43. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.75 and a quick ratio of 0.66. 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 price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 2.40 and a beta of 0.62.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, meeting analysts' consensus estimates of $1.50. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.65 billion. Eversource Energy had a net margin of 6.63% and a return on equity of 11.04%. The firm's revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.49 earnings per share. As a group, research analysts forecast that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Thursday, May 15th. Eversource Energy's dividend payout ratio is presently 129.74%.

Insider Activity

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy 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 owned 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ES shares. Mizuho lifted their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $58.00 target price (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. 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, BMO Capital Markets upped 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 report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $65.67.

View Our Latest Stock Analysis on Eversource Energy

About Eversource Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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