Lbp Am Sa Purchases Shares of 35,208 Eversource Energy (NYSE:ES)

Lbp Am Sa acquired a new position in Eversource Energy (NYSE:ES - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 35,208 shares of the utilities provider's stock, valued at approximately $2,187,000.

Other institutional investors have also recently modified their holdings of the company. Slagle Financial LLC grew its holdings in shares of Eversource Energy by 3.5% during the 1st quarter. Slagle Financial LLC now owns 91,019 shares of the utilities provider's stock valued at $5,653,000 after purchasing an additional 3,118 shares during the last quarter. Greenleaf Trust grew its stake in shares of Eversource Energy by 35.3% during the first quarter. Greenleaf Trust now owns 11,045 shares of the utilities provider's stock valued at $686,000 after buying an additional 2,880 shares during the last quarter. M&T Bank Corp grew its stake in shares of Eversource Energy by 10.4% during the first quarter. M&T Bank Corp now owns 30,741 shares of the utilities provider's stock valued at $1,910,000 after buying an additional 2,896 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Eversource Energy by 7.7% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 157,894 shares of the utilities provider's stock worth $9,807,000 after buying an additional 11,322 shares during the period. Finally, OLD Republic International Corp lifted its stake in shares of Eversource Energy by 9.3% in the 1st quarter. OLD Republic International Corp now owns 703,933 shares of the utilities provider's stock valued at $43,721,000 after acquiring an additional 59,750 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Stock Up 1.5%

Shares of NYSE ES opened at $66.10 on Friday. The firm has a fifty day simple moving average of $63.68 and a two-hundred day simple moving average of $60.63. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $69.01. 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 firm has a market capitalization of $24.28 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $3.65 billion. Eversource Energy had a net margin of 6.63% and a return on equity of 11.04%. Eversource Energy's quarterly revenue was up 23.6% compared to the same quarter last year. During the same period last year, the business posted $1.49 earnings per share. Equities analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors 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 dividend yield of 4.55%. Eversource Energy's dividend payout ratio is presently 129.74%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction on 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 owned 10,988 shares in the company, valued at approximately $703,232. This 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 can be accessed through this link. 0.41% of the stock is currently owned by 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.

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