Vident Advisory LLC Increases Stake in Eversource Energy (NYSE:ES)

Vident Advisory LLC raised its position in Eversource Energy (NYSE:ES - Free Report) by 746.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,897 shares of the utilities provider's stock after purchasing an additional 30,775 shares during the period. Vident Advisory LLC's holdings in Eversource Energy were worth $2,004,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its holdings in Eversource Energy by 10.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider's stock valued at $107,000 after purchasing an additional 176 shares during the period. UMB Bank n.a. boosted its holdings in Eversource Energy by 38.4% in the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 197 shares during the period. Summit Trail Advisors LLC boosted its holdings in Eversource Energy by 4.6% in the 4th quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider's stock valued at $281,000 after purchasing an additional 216 shares during the period. Keybank National Association OH boosted its holdings in Eversource Energy by 2.6% in the 4th quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider's stock valued at $522,000 after purchasing an additional 233 shares during the period. Finally, Whittier Trust Co. lifted its holdings in shares of Eversource Energy by 3.3% during the 4th quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider's stock worth $444,000 after acquiring an additional 245 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 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 owns 10,988 shares in the company, valued at approximately $703,232. The trade was a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ES shares. Wells Fargo & Company dropped their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Jefferies Financial Group dropped their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Scotiabank dropped 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 report on Thursday, February 13th. Three research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $65.78.

Eversource Energy Trading Up 0.6%

Eversource Energy stock traded up $0.39 during mid-day trading on Friday, hitting $63.45. The company's stock had a trading volume of 1,587,252 shares, compared to its average volume of 2,430,870. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $23.31 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. The business has a 50 day moving average price of $59.88 and a 200-day moving average price of $59.84. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.65 billion. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. The firm's revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.49 earnings per share. As a group, analysts forecast 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 paid a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend is Thursday, May 15th. Eversource Energy's dividend payout ratio is presently 129.74%.

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.