Eversource Energy (NYSE:ES) Shares Purchased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lifted its position in Eversource Energy (NYSE:ES - Free Report) by 7.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 157,894 shares of the utilities provider's stock after buying an additional 11,322 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Eversource Energy were worth $9,807,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ES. Mizuho Bank Ltd. purchased a new position in shares of Eversource Energy in the 4th quarter worth approximately $26,000. Assetmark Inc. grew its position in shares of Eversource Energy by 99.2% in the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after buying an additional 254 shares during the last quarter. Pinney & Scofield Inc. purchased a new position in shares of Eversource Energy in the 4th quarter worth approximately $33,000. Rossby Financial LCC purchased a new position in shares of Eversource Energy in the 1st quarter worth approximately $34,000. Finally, OFI Invest Asset Management purchased a new position in shares of Eversource Energy in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 79.99% of the company's stock.

Eversource Energy Stock Performance

NYSE ES traded up $0.16 on Tuesday, hitting $64.55. 2,251,700 shares of the company's stock traded hands, compared to its average volume of 2,497,894. 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's 50-day moving average price is $63.33 and its two-hundred day moving average price is $60.51. The firm has a market capitalization of $23.72 billion, a PE ratio of 27.82, a P/E/G ratio of 2.40 and a beta of 0.62.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 EPS for the quarter, meeting the consensus estimate 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 analysts' expectations of $3.65 billion. During the same period in the previous year, the business posted $1.49 EPS. The business's quarterly revenue was up 23.6% compared to the same quarter last year. As a group, analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently disclosed 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. This represents a $3.01 annualized dividend and a yield of 4.66%. The ex-dividend date was Thursday, May 15th. Eversource Energy's payout ratio is 129.74%.

Insider Buying and Selling

In related news, EVP Penelope M. Conner sold 2,600 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 10,988 shares in the company, valued at $703,232. The trade was a 19.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. 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 report 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 report on Monday, April 28th. Finally, Mizuho boosted their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $65.67.

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.