Fiduciary Financial Group LLC Acquires Shares of 4,525 Eversource Energy (NYSE:ES)

Fiduciary Financial Group LLC acquired a new stake in Eversource Energy (NYSE:ES - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,525 shares of the utilities provider's stock, valued at approximately $281,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mizuho Bank Ltd. acquired a new stake in shares of Eversource Energy in the 4th quarter valued at about $26,000. Kestra Investment Management LLC bought a new position in shares of Eversource Energy during the 4th quarter worth approximately $29,000. Assetmark Inc. lifted its position in shares of Eversource Energy by 99.2% during the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after buying an additional 254 shares in the last quarter. Pinney & Scofield Inc. purchased a new stake in shares of Eversource Energy during the 4th quarter worth approximately $33,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Eversource Energy by 104.5% during the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock worth $34,000 after purchasing an additional 301 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction dated Tuesday, May 20th. The shares were 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 now owns 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.41% of the company's stock.

Eversource Energy Trading Down 1.0%

Eversource Energy stock traded down $0.67 during trading hours on Friday, hitting $65.13. The company had a trading volume of 1,750,663 shares, compared to its average volume of 2,460,468. The firm has a market cap of $23.93 billion, a P/E ratio of 28.19, a P/E/G ratio of 2.35 and a beta of 0.63. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $69.01. The company has a 50-day moving average price of $61.31 and a two-hundred day moving average price of $60.16.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business posted $1.49 EPS. Eversource Energy's revenue was up 23.6% on a year-over-year basis. On average, sell-side analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 15th will be given a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Thursday, May 15th. Eversource Energy's dividend payout ratio (DPR) is 129.74%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ES. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $58.00 price objective (down 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 report on Friday, May 16th. Finally, BMO Capital Markets lifted 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. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $65.78.

Eversource Energy 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.