First Hawaiian Bank Has $874,000 Holdings in Eversource Energy (NYSE:ES)

First Hawaiian Bank increased its position in shares of Eversource Energy (NYSE:ES - Free Report) by 68.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,079 shares of the utilities provider's stock after purchasing an additional 5,708 shares during the quarter. First Hawaiian Bank's holdings in Eversource Energy were worth $874,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in Eversource Energy by 38.6% during the 4th quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock worth $945,893,000 after purchasing an additional 4,585,232 shares in the last quarter. Norges Bank bought a new position in shares of Eversource Energy in the 4th quarter valued at $188,838,000. Amundi lifted its stake in shares of Eversource Energy by 32.2% in the 4th quarter. Amundi now owns 6,482,546 shares of the utilities provider's stock valued at $367,691,000 after acquiring an additional 1,579,818 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Eversource Energy by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock valued at $2,561,936,000 after acquiring an additional 1,387,072 shares in the last quarter. Finally, Magellan Asset Management Ltd grew its position in Eversource Energy by 15.9% during the 4th quarter. Magellan Asset Management Ltd now owns 6,474,477 shares of the utilities provider's stock worth $371,829,000 after acquiring an additional 890,514 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Trading Down 0.8%

Eversource Energy stock traded down $0.54 during trading hours on Wednesday, reaching $64.71. 2,981,101 shares of the company's stock were exchanged, compared to its average volume of 2,438,941. The firm's 50 day simple moving average is $60.48 and its 200 day simple moving average is $60.03. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $23.77 billion, a PE ratio of 28.01, a PEG ratio of 2.35 and a beta of 0.61.

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

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 15th will be paid a $0.7525 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.01 annualized dividend and a dividend yield of 4.65%. Eversource Energy's dividend payout ratio is currently 129.74%.

Analyst Ratings Changes

ES has been the topic of a number of recent research reports. Scotiabank cut their price target on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $58.00 target price (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Wall Street Zen upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Wells Fargo & Company cut their price target on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Finally, Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Three research 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $65.78.

Insider Activity at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy 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 sale, the executive vice president now directly owns 10,988 shares of the company's stock, valued at approximately $703,232. The trade was a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by corporate insiders.

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.