Free Trial

Eversource Energy (NYSE:ES) Shares Acquired by KLP Kapitalforvaltning AS

Eversource Energy logo with Utilities background

KLP Kapitalforvaltning AS raised its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,593 shares of the utilities provider's stock after acquiring an additional 11,100 shares during the period. KLP Kapitalforvaltning AS owned about 0.10% of Eversource Energy worth $22,769,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Eversource Energy during the 4th quarter valued at about $220,000. Mizuho Securities USA LLC grew its stake in Eversource Energy by 49.8% in the fourth quarter. Mizuho Securities USA LLC now owns 34,727 shares of the utilities provider's stock worth $1,994,000 after purchasing an additional 11,552 shares during the period. Vanguard Group Inc. grew 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 worth $2,561,936,000 after acquiring an additional 1,387,072 shares during the last quarter. Congress Wealth Management LLC DE lifted its holdings in shares of Eversource Energy by 92.3% during the fourth quarter. Congress Wealth Management LLC DE now owns 5,682 shares of the utilities provider's stock valued at $326,000 after purchasing an additional 2,727 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new position in shares of Eversource Energy during the fourth quarter valued at $52,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Trading Up 0.5%

Shares of NYSE ES traded up $0.36 during trading on Friday, reaching $66.77. The stock had a trading volume of 723,117 shares, compared to its average volume of 2,748,513. The company has a market cap of $24.53 billion, a P/E ratio of 28.78, a PEG ratio of 2.48 and a beta of 0.62. The business's 50-day moving average price is $64.52 and its 200-day moving average price is $61.21. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week 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.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, meeting the consensus estimate 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 return on equity of 11.04% and a net margin of 6.63%. The business's quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.49 EPS. On average, equities research analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 15th were issued a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date was Thursday, May 15th. Eversource Energy's dividend payout ratio is currently 129.74%.

Insider Buying and Selling at Eversource Energy

In related news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total value of $166,400.00. Following the transaction, the executive vice president directly owned 10,988 shares of the company's stock, valued at approximately $703,232. This trade represents a 19.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ES has been the topic of several recent research reports. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $58.00 price objective (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Mizuho upped their price objective on Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. BMO Capital Markets increased their price target on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research note on Monday, April 28th. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Bank of America increased their price target on Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a research report on Monday. Three 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. According to MarketBeat, Eversource Energy currently has a consensus rating of "Hold" and a consensus price target of $65.56.

View Our Latest Stock Report on ES

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.

See Also

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

Should You Invest $1,000 in Eversource Energy Right Now?

Before you consider Eversource Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eversource Energy wasn't on the list.

While Eversource Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 “Boring” Mega Cap Stocks to Turn Into Pure Profit
Joby vs. Archer: The $10 Billion eVTOL Battle
3 Small-Cap Biotech Stocks With Catalysts Too Big to Ignore

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines