OLD Republic International Corp Has $43.72 Million Position in Eversource Energy (NYSE:ES)

OLD Republic International Corp grew its holdings in Eversource Energy (NYSE:ES - Free Report) by 9.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 703,933 shares of the utilities provider's stock after buying an additional 59,750 shares during the period. OLD Republic International Corp owned 0.19% of Eversource Energy worth $43,721,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brookstone Capital Management lifted its holdings in Eversource Energy by 828.5% during the 1st quarter. Brookstone Capital Management now owns 196,903 shares of the utilities provider's stock worth $12,230,000 after purchasing an additional 175,697 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in Eversource Energy by 4.9% during the 1st quarter. IFM Investors Pty Ltd now owns 155,244 shares of the utilities provider's stock worth $10,564,000 after purchasing an additional 7,315 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Eversource Energy by 6.8% during the 1st quarter. OneDigital Investment Advisors LLC now owns 12,291 shares of the utilities provider's stock worth $763,000 after purchasing an additional 778 shares during the last quarter. Sterling Financial Planning Inc. acquired a new stake in Eversource Energy during the 1st quarter worth approximately $214,000. Finally, Checchi Capital Advisers LLC lifted its holdings in Eversource Energy by 14.5% during the 1st quarter. Checchi Capital Advisers LLC now owns 4,283 shares of the utilities provider's stock worth $266,000 after purchasing an additional 543 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, EVP Penelope M. Conner sold 2,600 shares of the business'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 sale, the executive vice president owned 10,988 shares in the company, valued at $703,232. The trade was a 19.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by corporate insiders.

Eversource Energy Price Performance

NYSE ES traded up $0.16 during midday trading on Tuesday, hitting $64.55. The company had a trading volume of 2,251,700 shares, compared to its average volume of 2,497,894. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.01. The firm has a 50-day moving average price of $63.33 and a 200-day moving average price of $60.51. 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 company has a market capitalization of $23.72 billion, a PE ratio of 27.82, a P/E/G ratio of 2.40 and a beta of 0.62.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. Eversource Energy had a return on equity of 11.04% and a net margin of 6.63%. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the company posted $1.49 EPS. The company's revenue for the quarter was up 23.6% compared to the same quarter last year. As a group, analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently declared 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 was Thursday, May 15th. This represents a $3.01 annualized dividend and a dividend yield of 4.66%. Eversource Energy's payout ratio is 129.74%.

Eversource Energy Company 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.