IFM Investors Pty Ltd Increases Stake in Eversource Energy (NYSE:ES)

IFM Investors Pty Ltd increased its stake in Eversource Energy (NYSE:ES - Free Report) by 4.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 155,244 shares of the utilities provider's stock after purchasing an additional 7,315 shares during the quarter. IFM Investors Pty Ltd's holdings in Eversource Energy were worth $10,564,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Eversource Energy by 38.6% during the fourth quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock valued at $945,893,000 after acquiring an additional 4,585,232 shares during the period. Norges Bank purchased a new stake in shares of Eversource Energy during the fourth quarter worth about $188,838,000. Amundi raised its stake in Eversource Energy by 32.2% during the 4th quarter. Amundi now owns 6,482,546 shares of the utilities provider's stock valued at $367,691,000 after purchasing an additional 1,579,818 shares during the period. Vanguard Group Inc. lifted its holdings in Eversource Energy by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock worth $2,561,936,000 after purchasing an additional 1,387,072 shares in the last quarter. Finally, Vest Financial LLC bought a new position in Eversource Energy in the 1st quarter worth approximately $60,273,000. 79.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction on 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 owned 10,988 shares in the company, valued at $703,232. This trade represents a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ES shares. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $58.00 price objective (down previously from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Mizuho boosted their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. BMO Capital Markets boosted their target price 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. Finally, Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $65.67.

Eversource Energy Price Performance

ES stock traded up $0.16 during trading on Tuesday, hitting $64.55. 2,251,700 shares of the company's stock traded hands, compared to its average volume of 2,497,894. Eversource Energy has a 52 week low of $52.28 and a 52 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. The business has a fifty day simple moving average of $63.43 and a 200 day simple moving average of $60.54. The stock has a market capitalization of $23.72 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 2.40 and a beta of 0.62.

Eversource Energy (NYSE:ES - Get Free Report) last released 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. Eversource Energy had a net margin of 6.63% and a return on equity of 11.04%. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the business earned $1.49 earnings per share. Eversource Energy's quarterly revenue was up 23.6% compared to the same quarter last year. As a group, research analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 15th were given a dividend of $0.7525 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.01 annualized dividend and a yield of 4.66%. Eversource Energy's dividend payout ratio (DPR) is currently 129.74%.

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.