Eversource Energy (NYSE:ES) Shares Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. grew its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 8.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 78,400 shares of the utilities provider's stock after purchasing an additional 6,275 shares during the period. Great Valley Advisor Group Inc.'s holdings in Eversource Energy were worth $4,502,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mizuho Bank Ltd. purchased a new position in shares of Eversource Energy in the 4th quarter worth approximately $26,000. Kestra Investment Management LLC purchased a new stake in shares of Eversource Energy during the fourth quarter worth $29,000. Assetmark Inc. lifted its position in shares of 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 acquiring an additional 254 shares in the last quarter. Pinney & Scofield Inc. purchased a new stake in shares of Eversource Energy in the fourth quarter worth $33,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Eversource Energy by 104.5% in the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 301 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Insider Transactions at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total transaction of $166,400.00. Following the transaction, the executive vice president now owns 10,988 shares in the company, valued at $703,232. This trade represents a 19.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ES. Wells Fargo & Company reduced their price target on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. BMO Capital Markets boosted their price objective on shares of Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research report on Monday, April 28th. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Scotiabank reduced their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research report on Thursday, February 13th. Finally, Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $65.78.

Eversource Energy Stock Performance

NYSE:ES traded up $0.79 during midday trading on Friday, hitting $64.88. The company's stock had a trading volume of 5,660,354 shares, compared to its average volume of 2,437,082. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01. The firm's 50 day moving average is $60.21 and its 200-day moving average is $59.95. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $23.84 billion, a P/E ratio of 28.09, a P/E/G ratio of 2.35 and a beta of 0.61.

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

Eversource Energy Announces Dividend

The company 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 dividend of $0.7525 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.64%. 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.