John G Ullman & Associates Inc. Buys 9,552 Shares of Eversource Energy (NYSE:ES)

John G Ullman & Associates Inc. grew its position in Eversource Energy (NYSE:ES - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,002 shares of the utilities provider's stock after acquiring an additional 9,552 shares during the period. Eversource Energy comprises 1.1% of John G Ullman & Associates Inc.'s portfolio, making the stock its 24th largest holding. John G Ullman & Associates Inc.'s holdings in Eversource Energy were worth $7,019,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Eversource Energy in the 4th quarter worth about $220,000. Congress Wealth Management LLC DE increased its holdings in shares of Eversource Energy by 92.3% during the 4th quarter. Congress Wealth Management LLC DE now owns 5,682 shares of the utilities provider's stock worth $326,000 after buying an additional 2,727 shares during the last quarter. Modern Wealth Management LLC grew its holdings in shares of Eversource Energy by 7.5% during the 4th quarter. Modern Wealth Management LLC now owns 10,326 shares of the utilities provider's stock worth $625,000 after purchasing an additional 719 shares during the period. Korea Investment CORP raised its stake in shares of Eversource Energy by 26.0% in the 4th quarter. Korea Investment CORP now owns 271,297 shares of the utilities provider's stock valued at $15,581,000 after acquiring an additional 55,907 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Eversource Energy by 9.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 548,858 shares of the utilities provider's stock valued at $31,455,000 after purchasing an additional 47,189 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Price Performance

ES stock traded up $0.25 during trading on Friday, hitting $66.66. 1,715,912 shares of the stock traded hands, compared to its average volume of 1,978,270. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.71. The stock has a market cap of $24.49 billion, a price-to-earnings ratio of 28.73, a P/E/G ratio of 2.48 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 50 day simple moving average of $64.59 and a 200 day simple moving average of $61.28.

Eversource Energy (NYSE:ES - Get Free Report) last announced its earnings results 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 return on equity of 11.04% and a net margin of 6.63%. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the business earned $1.49 EPS. Eversource Energy's revenue was up 23.6% compared to the same quarter last year. Equities analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, May 15th were paid a $0.7525 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.52%. Eversource Energy's dividend payout ratio (DPR) is presently 129.74%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wall Street Zen upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Bank of America boosted their price target on shares of Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a research report on Monday. BMO Capital Markets lifted their target price on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research report on Monday, April 28th. Mizuho upped their target price on Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. 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 stock has an average rating of "Hold" and an average price target of $65.56.

Insider Activity

In related news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total value of $166,400.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

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.