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Xponance Inc. Acquires 16,052 Shares of Eversource Energy (NYSE:ES)

Eversource Energy logo with Utilities background

Xponance Inc. boosted its holdings in Eversource Energy (NYSE:ES - Free Report) by 22.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,540 shares of the utilities provider's stock after buying an additional 16,052 shares during the period. Xponance Inc.'s holdings in Eversource Energy were worth $5,437,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ES. Mizuho Bank Ltd. acquired a new stake in Eversource Energy in the fourth quarter worth $26,000. Assetmark Inc. raised its holdings in Eversource Energy by 99.2% in the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after purchasing an additional 254 shares during the period. Pinney & Scofield Inc. acquired a new stake in Eversource Energy in the fourth quarter worth $33,000. Rossby Financial LCC acquired a new stake in Eversource Energy in the first quarter worth $34,000. Finally, CoreCap Advisors LLC raised its holdings in Eversource Energy by 168.7% in 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. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ES has been the topic of several analyst reports. Mizuho increased their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. BMO Capital Markets increased their target price 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. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $58.00 target price (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Finally, Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Three equities 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 data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $65.67.

View Our Latest Analysis on ES

Insiders Place Their Bets

In related 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 completion of the transaction, the executive vice president owned 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.41% of the company's stock.

Eversource Energy Stock Down 0.6%

Shares of ES stock traded down $0.42 during trading hours on Friday, hitting $65.69. 1,605,848 shares of the company were exchanged, compared to its average volume of 2,493,292. The business has a 50 day moving average of $63.82 and a two-hundred day moving average of $60.72. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.71. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $69.01. The company has a market capitalization of $24.13 billion, a PE ratio of 28.31, a PEG ratio of 2.45 and a beta of 0.62.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. The company 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 6.63% and a return on equity of 11.04%. The firm's revenue was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.49 earnings per share. Analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 15th were given a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date was Thursday, May 15th. Eversource Energy's dividend payout ratio (DPR) is currently 129.74%.

About Eversource Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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