Vest Financial LLC Takes Position in Eversource Energy (NYSE:ES)

Vest Financial LLC acquired a new position in shares of Eversource Energy (NYSE:ES - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 970,416 shares of the utilities provider's stock, valued at approximately $60,273,000. Eversource Energy comprises about 0.9% of Vest Financial LLC's portfolio, making the stock its 27th biggest holding. Vest Financial LLC owned about 0.26% of Eversource Energy as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management grew its holdings in shares of Eversource Energy by 31.5% in the 4th quarter. Spire Wealth Management now owns 4,029 shares of the utilities provider's stock valued at $231,000 after buying an additional 965 shares during the period. Retirement Systems of Alabama grew its stake in Eversource Energy by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 482,202 shares of the utilities provider's stock valued at $27,693,000 after acquiring an additional 1,924 shares during the period. Yousif Capital Management LLC increased its holdings in shares of Eversource Energy by 3.3% in the fourth quarter. Yousif Capital Management LLC now owns 48,576 shares of the utilities provider's stock worth $2,790,000 after acquiring an additional 1,542 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Eversource Energy by 33.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,231 shares of the utilities provider's stock worth $2,306,000 after purchasing an additional 9,981 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Eversource Energy by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 41,784 shares of the utilities provider's stock valued at $2,399,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Stock Performance

Shares of Eversource Energy stock traded up $0.15 during trading on Monday, hitting $65.64. 1,840,316 shares of the stock were exchanged, compared to its average volume of 2,454,292. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. The company has a fifty day moving average price of $60.61 and a 200-day moving average price of $60.05. The stock has a market capitalization of $24.12 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 2.35 and a beta of 0.63. 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 released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.50. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. The company had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same period last year, the firm posted $1.49 earnings per share. The business's revenue was up 23.6% on a year-over-year basis. As a group, equities analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Scotiabank lowered their target price on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a research note on Thursday, February 13th. BMO Capital Markets raised their price objective 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. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $58.00 target price (down previously from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Finally, Wells Fargo & Company dropped their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Eversource Energy presently has an average rating of "Hold" and a consensus target price of $65.78.

Insider Buying and Selling at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of the 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 now directly owns 10,988 shares of the company's stock, valued at approximately $703,232. This represents a 19.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.