Retirement Planning Co of New England Inc. Acquires 11,652 Shares of Eversource Energy (NYSE:ES)

Retirement Planning Co of New England Inc. increased its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 293.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,619 shares of the utilities provider's stock after buying an additional 11,652 shares during the period. Retirement Planning Co of New England Inc.'s holdings in Eversource Energy were worth $970,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mizuho Bank Ltd. bought a new position in Eversource Energy during the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. bought a new position in Eversource Energy during the 4th quarter worth approximately $33,000. Rossby Financial LCC bought a new position in Eversource Energy during the 1st quarter worth approximately $34,000. CoreCap Advisors LLC raised its holdings in 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 last quarter. Finally, First Financial Corp IN raised its holdings in 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 last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Eversource Energy Trading Up 0.9%

Shares of NYSE:ES traded up $0.57 during mid-day trading on Friday, hitting $65.41. The company had a trading volume of 3,868,761 shares, compared to its average volume of 2,497,171. The firm has a fifty day moving average price of $64.15 and a 200 day moving average price of $60.90. The company has a market capitalization of $24.03 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 2.41 and a beta of 0.62. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.75 and a quick ratio of 0.66. Eversource Energy has a one year low of $52.28 and a one year high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. The company 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 revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 EPS. As a group, research analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, May 15th were paid 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 4.60%. Eversource Energy's dividend payout ratio (DPR) is presently 129.74%.

Insider Buying and Selling

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president owned 10,988 shares in the company, valued at approximately $703,232. The trade was a 19.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.41% of the company's stock.

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.