5,256 Shares in Eversource Energy (NYSE:ES) Purchased by Thrive Wealth Management LLC

Thrive Wealth Management LLC bought a new position in Eversource Energy (NYSE:ES - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,256 shares of the utilities provider's stock, valued at approximately $326,000.

A number of other institutional investors have also recently bought and sold shares of ES. Mirae Asset Global Investments Co. Ltd. increased its position in Eversource Energy by 33.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,231 shares of the utilities provider's stock valued at $2,306,000 after acquiring an additional 9,981 shares in the last quarter. Savant Capital LLC lifted its holdings in Eversource Energy by 2.9% during the 4th quarter. Savant Capital LLC now owns 12,202 shares of the utilities provider's stock worth $701,000 after buying an additional 347 shares in the last quarter. LSV Asset Management bought a new position in Eversource Energy in the 4th quarter valued at $2,223,000. JPMorgan Chase & Co. increased its stake in shares of Eversource Energy by 10.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,569,671 shares of the utilities provider's stock valued at $90,146,000 after buying an additional 151,562 shares during the period. Finally, Truist Financial Corp raised its position in shares of Eversource Energy by 5.6% during the fourth quarter. Truist Financial Corp now owns 21,385 shares of the utilities provider's stock worth $1,228,000 after acquiring an additional 1,138 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ES. BMO Capital Markets upped their target price on shares of Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research note on Monday, April 28th. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Scotiabank decreased their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company decreased their target price on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Three investment 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. According to data from MarketBeat, Eversource Energy presently has an average rating of "Hold" and an average target price of $65.78.

Eversource Energy Price Performance

Shares of ES traded up $0.15 during mid-day trading on Monday, reaching $65.64. The company had a trading volume of 1,840,316 shares, compared to its average volume of 2,454,292. The company has a market capitalization of $24.12 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 2.35 and a beta of 0.63. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The company's 50 day simple moving average is $60.61 and its 200 day simple moving average is $60.05. 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 earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, hitting analysts' consensus estimates of $1.50. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. 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 firm posted $1.49 earnings per share. The company's revenue was up 23.6% on a year-over-year basis. Analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 15th will be given a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 4.59%. The ex-dividend date is Thursday, May 15th. Eversource Energy's dividend payout ratio (DPR) is currently 129.74%.

Insider Activity

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 shares were sold at an average price of $64.00, for a total value of $166,400.00. Following the transaction, the executive vice president now directly owns 10,988 shares of the company's stock, valued at approximately $703,232. This trade represents a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.41% of the company's stock.

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.