MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Position in Eversource Energy (NYSE:ES)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 46.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,723 shares of the utilities provider's stock after purchasing an additional 22,421 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Eversource Energy were worth $4,060,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Barclays PLC grew its stake in Eversource Energy by 15.9% in the 3rd quarter. Barclays PLC now owns 1,095,966 shares of the utilities provider's stock valued at $74,582,000 after buying an additional 150,535 shares in the last quarter. Merit Financial Group LLC grew its stake in Eversource Energy by 35.6% in the 4th quarter. Merit Financial Group LLC now owns 6,131 shares of the utilities provider's stock valued at $352,000 after buying an additional 1,611 shares in the last quarter. Brooklyn Investment Group grew its stake in Eversource Energy by 60.1% in the 4th quarter. Brooklyn Investment Group now owns 727 shares of the utilities provider's stock valued at $42,000 after buying an additional 273 shares in the last quarter. Aaron Wealth Advisors LLC grew its stake in Eversource Energy by 7.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 3,797 shares of the utilities provider's stock valued at $218,000 after buying an additional 256 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Eversource Energy by 38.4% in the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock valued at $41,000 after buying an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ES shares. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Jefferies Financial Group reduced their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a research note on Tuesday, January 28th. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday. Scotiabank reduced their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a research note on Thursday, February 13th. Finally, Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $65.78.

Insider Transactions at Eversource Energy

In related news, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.99, for a total value of $61,730.20. Following the transaction, the vice president now owns 24,374 shares in the company, valued at $1,535,318.26. This trade represents a 3.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total transaction of $192,507.92. Following the completion of the transaction, the insider now owns 22,671 shares in the company, valued at approximately $1,411,496.46. The trade was a 12.00% decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Eversource Energy Stock Up 0.6%

Shares of NYSE:ES opened at $63.56 on Tuesday. The firm has a fifty day moving average price of $59.66 and a two-hundred day moving average price of $59.77. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. Eversource Energy has a one year low of $52.28 and a one year high of $69.01. The company has a market cap of $23.35 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 2.35 and a beta of 0.61.

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

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Thursday, May 15th. Eversource Energy's dividend payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.