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

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Mizuho Bank Ltd. purchased a new position in shares of Eversource Energy in the fourth quarter valued at about $26,000. Assetmark Inc. grew its stake in shares of Eversource Energy by 99.2% in the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after purchasing an additional 254 shares during the last quarter. Pinney & Scofield Inc. purchased a new position in Eversource Energy during the 4th quarter valued at about $33,000. OFI Invest Asset Management purchased a new position in Eversource Energy during the 4th quarter valued at about $35,000. Finally, CoreCap Advisors LLC raised its position in Eversource Energy by 168.7% during the 4th quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 383 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Insider Activity at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of the firm's 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 completion of the transaction, the executive vice president directly owned 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

ES has been the topic of several research analyst reports. Mizuho boosted their target price on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Wall Street Zen upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. BMO Capital Markets upped their price objective on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $65.67.

Eversource Energy Stock Up 0.2%

Shares of Eversource Energy stock traded up $0.12 during trading on Friday, hitting $64.57. The company's stock had a trading volume of 1,471,270 shares, compared to its average volume of 2,494,896. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $69.01. The company has a market capitalization of $23.72 billion, a PE ratio of 27.83, a P/E/G ratio of 2.40 and a beta of 0.62. The company has a fifty day simple moving average of $63.23 and a two-hundred day simple moving average of $60.40. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.66 and a current ratio of 0.75.

Eversource Energy (NYSE:ES - Get Free Report) last announced 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. Eversource Energy had a net margin of 6.63% and a return on equity of 11.04%. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm earned $1.49 earnings per share. The business's revenue for the quarter was up 23.6% on a year-over-year basis. Equities research analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 15th were issued a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend was Thursday, May 15th. Eversource Energy's dividend payout ratio (DPR) is 129.74%.

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.