Mizuho Markets Americas LLC Buys Shares of 22,416 Eversource Energy (NYSE:ES)

Key Points

• Mizuho Markets Americas LLC purchased 22,416 shares of Eversource Energy, valued at approximately $1.39 million, during the first quarter.
• Eversource Energy's stock has seen a slight decline, currently trading at $65.04, with a one-year high of $69.01 and a low of $52.28.
• In recent earnings, Eversource reported $0.96 earnings per share, exceeding analysts' expectations, despite revenue falling short of estimates.

Mizuho Markets Americas LLC bought a new stake in shares of Eversource Energy (NYSE:ES - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,416 shares of the utilities provider's stock, valued at approximately $1,392,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pinney & Scofield Inc. acquired a new stake in Eversource Energy during the 4th quarter valued at approximately $33,000. Rossby Financial LCC bought a new stake in shares of Eversource Energy in the 1st quarter valued at $34,000. CoreCap Advisors LLC lifted its position in shares of Eversource Energy by 168.7% during the 4th quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 383 shares during the period. First Financial Corp IN lifted its position in shares of Eversource Energy by 3,529.4% during the 1st quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 600 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Eversource Energy during the 1st quarter valued at $46,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Stock Down 1.3%

Eversource Energy stock opened at $65.04 on Friday. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01. The firm has a market capitalization of $24.14 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 2.43 and a beta of 0.61. The firm's fifty day moving average price is $64.95 and its two-hundred day moving average price is $61.93. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.67.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.01. Eversource Energy had a net margin of 6.60% and a return on equity of 11.00%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the firm earned $0.95 earnings per share. The business's quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the firm's stock in a transaction 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 directly owned 10,988 shares in the company, valued at approximately $703,232. This trade represents a 19.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ES. Mizuho boosted their target price 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. Bank of America upped their price target on Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Wall Street Zen upgraded Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, BMO Capital Markets boosted their price objective on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a report on Monday, April 28th. 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $65.56.

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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