Oak Thistle LLC Boosts Stake in Eversource Energy (NYSE:ES)

Oak Thistle LLC increased its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 131.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,916 shares of the utilities provider's stock after buying an additional 9,045 shares during the quarter. Oak Thistle LLC's holdings in Eversource Energy were worth $989,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mizuho Bank Ltd. purchased a new stake in shares of Eversource Energy in the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. purchased a new stake in shares of Eversource Energy during the 4th quarter worth $33,000. Rossby Financial LCC purchased a new stake in shares of Eversource Energy during the 1st quarter worth $34,000. CoreCap Advisors LLC grew its stake 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 worth $35,000 after purchasing an additional 383 shares during the period. Finally, First Financial Corp IN grew its stake 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 worth $38,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

Insider Transactions at Eversource Energy

In related news, EVP Penelope M. Conner sold 2,600 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president owned 10,988 shares in the company, valued at approximately $703,232. This trade represents a 19.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.41% of the company's stock.

Eversource Energy Price Performance

ES stock traded up $0.25 during trading on Friday, hitting $66.66. The stock had a trading volume of 1,715,912 shares, compared to its average volume of 2,756,153. The stock has a market cap of $24.49 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 2.48 and a beta of 0.62. 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 company's 50 day moving average price is $64.52 and its two-hundred day moving average price is $61.21. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01.

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 for the quarter, meeting analysts' consensus estimates 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%. The company's revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.49 earnings per share. On average, sell-side analysts forecast that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently announced 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 was Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a yield of 4.52%. Eversource Energy's dividend payout ratio (DPR) is currently 129.74%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ES. BMO Capital Markets upped 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 boosted their price target on Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Bank of America lifted their price objective on Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a report on Monday. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Eversource Energy presently has an average rating of "Hold" and a consensus target price of $65.56.

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.