Revisor Wealth Management LLC Takes Position in Eversource Energy (NYSE:ES)

Revisor Wealth Management LLC bought a new stake in shares of Eversource Energy (NYSE:ES - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 3,967 shares of the utilities provider's stock, valued at approximately $246,000.

Other institutional investors also recently modified their holdings of the company. Mizuho Bank Ltd. acquired a new position in Eversource Energy during the fourth quarter worth $26,000. Assetmark Inc. increased its holdings in Eversource Energy by 99.2% during the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after buying an additional 254 shares during the last quarter. Pinney & Scofield Inc. bought a new position in Eversource Energy during the fourth quarter worth about $33,000. Rossby Financial LCC bought a new position in Eversource Energy during the first quarter worth about $34,000. Finally, CoreCap Advisors LLC boosted its position in Eversource Energy by 168.7% during the fourth 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. Institutional investors and hedge funds own 79.99% of the company's stock.

Insider Transactions at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total value of $166,400.00. Following the completion of the transaction, the executive vice president owned 10,988 shares of the company's stock, valued at approximately $703,232. The trade was a 19.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by insiders.

Eversource Energy Trading Down 0.2%

Eversource Energy stock traded down $0.15 during mid-day trading on Monday, reaching $64.40. 1,644,566 shares of the company traded hands, compared to its average volume of 2,495,006. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $69.01. The firm has a market capitalization of $23.66 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 2.40 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. The firm's 50 day moving average price is $63.33 and its 200 day moving average price is $60.51.

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

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 15th were paid a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date was Thursday, May 15th. Eversource Energy's payout ratio is 129.74%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ES shares. Wall Street Zen upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Mizuho lifted 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. BMO Capital Markets lifted their price target on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and set a $58.00 price target (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $65.67.

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.