27,100 Shares in Eversource Energy (NYSE:ES) Purchased by Genus Capital Management Inc.

Genus Capital Management Inc. acquired a new stake in shares of Eversource Energy (NYSE:ES - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 27,100 shares of the utilities provider's stock, valued at approximately $1,683,000.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in shares of Eversource Energy by 78.0% during the fourth quarter. Victory Capital Management Inc. now owns 215,661 shares of the utilities provider's stock worth $12,385,000 after buying an additional 94,495 shares during the last quarter. Assetmark Inc. grew its position in Eversource Energy by 99.2% during the fourth 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. Proficio Capital Partners LLC acquired a new stake in shares of Eversource Energy during the 4th quarter worth approximately $7,691,000. Raymond James Financial Inc. acquired a new position in shares of Eversource Energy in the fourth quarter valued at $19,716,000. Finally, Sequoia Financial Advisors LLC boosted its stake in Eversource Energy by 5.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 18,202 shares of the utilities provider's stock worth $1,045,000 after buying an additional 993 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the business's 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 sale, the executive vice president directly owned 10,988 shares of the company's stock, valued at $703,232. The trade was a 19.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ES shares. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Mizuho lifted their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. JPMorgan Chase & Co. restated an "underweight" rating and set a $58.00 price target (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Finally, BMO Capital Markets lifted their price objective on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research report on Monday, April 28th. 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 data from MarketBeat, Eversource Energy has an average rating of "Hold" and a consensus target price of $65.67.

Eversource Energy Trading Down 0.5%

NYSE:ES traded down $0.31 during trading hours on Monday, hitting $65.40. The stock had a trading volume of 2,174,235 shares, compared to its average volume of 2,813,458. The company has a market cap of $24.03 billion, a price-to-earnings ratio of 28.19, a P/E/G ratio of 2.45 and a beta of 0.62. Eversource Energy has a one year low of $52.28 and a one year 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 business's 50 day moving average is $63.82 and its 200-day moving average is $60.74.

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, meeting the consensus estimate of $1.50. The business had revenue of $4.12 billion for the quarter, compared to analysts' expectations of $3.65 billion. Eversource Energy had a net margin of 6.63% and a return on equity of 11.04%. The firm's revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 EPS. Sell-side analysts anticipate that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 15th were issued a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Thursday, May 15th. Eversource Energy's payout ratio is 129.74%.

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.