Universal Beteiligungs und Servicegesellschaft mbH Purchases 5,729 Shares of Eversource Energy (NYSE:ES)

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 388,610 shares of the utilities provider's stock after buying an additional 5,729 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Eversource Energy worth $24,137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Eversource Energy by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock worth $2,561,936,000 after buying an additional 1,387,072 shares in the last quarter. Wellington Management Group LLP grew its position in Eversource Energy by 38.6% during the fourth quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock worth $945,893,000 after buying an additional 4,585,232 shares in the last quarter. Geode Capital Management LLC grew its position in Eversource Energy by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider's stock worth $547,550,000 after buying an additional 517,042 shares in the last quarter. FMR LLC grew its position in Eversource Energy by 4.8% during the fourth quarter. FMR LLC now owns 7,352,593 shares of the utilities provider's stock worth $422,259,000 after buying an additional 333,529 shares in the last quarter. Finally, Magellan Asset Management Ltd grew its position in Eversource Energy by 15.9% during the fourth quarter. Magellan Asset Management Ltd now owns 6,474,477 shares of the utilities provider's stock worth $371,829,000 after buying an additional 890,514 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ES has been the subject of a number of research reports. Wall Street Zen upgraded Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Bank of America upped their price objective on Eversource Energy from $62.00 to $67.00 and gave the stock a "neutral" rating in a report on Monday. JPMorgan Chase & Co. reiterated 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. BMO Capital Markets upped their price objective 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, Mizuho upped their price objective on Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $65.56.

Eversource Energy Trading Up 0.4%

ES stock traded up $0.25 during trading on Friday, hitting $66.66. 1,715,912 shares of the company traded hands, compared to its average volume of 2,756,153. The firm has a market capitalization of $24.49 billion, a PE ratio of 28.73, a P/E/G ratio of 2.48 and a beta of 0.62. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $69.01. The company has a 50-day moving average of $64.52 and a 200-day moving average of $61.21. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.66 and a current ratio of 0.75.

Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results 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 analysts' expectations of $3.65 billion. Eversource Energy had a return on equity of 11.04% and a net margin of 6.63%. Eversource Energy's quarterly revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.49 EPS. Analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal 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 given a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date was Thursday, May 15th. Eversource Energy's payout ratio is 129.74%.

Insider Buying and Selling

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 10,988 shares of the company's stock, valued at $703,232. This represents a 19.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.41% of the stock is owned by insiders.

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.