Brookstone Capital Management Has $12.23 Million Stock Position in Eversource Energy (NYSE:ES)

Brookstone Capital Management raised its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 828.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,903 shares of the utilities provider's stock after purchasing an additional 175,697 shares during the quarter. Brookstone Capital Management owned 0.05% of Eversource Energy worth $12,230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its position in shares of Eversource Energy by 20.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,137 shares of the utilities provider's stock worth $122,000 after buying an additional 361 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Eversource Energy by 45.2% in the fourth quarter. Jones Financial Companies Lllp now owns 5,915 shares of the utilities provider's stock valued at $340,000 after buying an additional 1,840 shares during the last quarter. State of Michigan Retirement System increased its position in Eversource Energy by 1.1% during the fourth quarter. State of Michigan Retirement System now owns 106,533 shares of the utilities provider's stock worth $6,118,000 after purchasing an additional 1,200 shares during the last quarter. Keybank National Association OH boosted its stake 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 buying an additional 233 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Eversource Energy by 78.0% in the fourth quarter. Victory Capital Management Inc. now owns 215,661 shares of the utilities provider's stock valued at $12,385,000 after purchasing an additional 94,495 shares during the period. Institutional investors own 79.99% of the company's stock.

Eversource Energy Stock Up 0.2%

Shares of Eversource Energy stock traded up $0.12 during trading on Friday, hitting $64.57. 1,471,270 shares of the stock traded hands, compared to its average volume of 2,497,873. The company has a fifty day moving average price of $63.23 and a two-hundred day moving average price of $60.43. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.01. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.66 and a current ratio of 0.75. The stock has a market cap of $23.72 billion, a P/E ratio of 27.83, a PEG ratio of 2.40 and a beta of 0.62.

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

Eversource Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ES. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $58.00 price target (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. BMO Capital Markets boosted their price objective 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. Mizuho upped their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Finally, Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Eversource Energy 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 firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total transaction of $166,400.00. Following the sale, the executive vice president owned 10,988 shares of the company's stock, valued at $703,232. This trade represents a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.19% of the company's stock.

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.