Yousif Capital Management LLC Purchases 103,851 Shares of Eversource Energy (NYSE:ES)

Yousif Capital Management LLC grew its holdings in Eversource Energy (NYSE:ES - Free Report) by 213.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,427 shares of the utilities provider's stock after purchasing an additional 103,851 shares during the period. Yousif Capital Management LLC's holdings in Eversource Energy were worth $9,467,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ES. 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 valued at $2,561,936,000 after purchasing an additional 1,387,072 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Eversource Energy by 38.6% during the 4th quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock valued at $945,893,000 after buying an additional 4,585,232 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Eversource Energy by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider's stock valued at $570,500,000 after acquiring an additional 226,972 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Eversource Energy by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider's stock worth $547,550,000 after acquiring an additional 517,042 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of 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 acquiring an additional 333,529 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Stock Performance

Shares of NYSE ES traded down $0.67 during trading hours on Friday, hitting $65.13. 1,750,663 shares of the stock were exchanged, compared to its average volume of 2,460,468. The firm has a market capitalization of $23.93 billion, a P/E ratio of 28.19, a P/E/G ratio of 2.35 and a beta of 0.63. Eversource Energy has a one year low of $52.28 and a one year high of $69.01. 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 company's 50 day moving average is $61.31 and its 200 day moving average is $60.16.

Eversource Energy (NYSE:ES - Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) 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 business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the firm posted $1.49 earnings per share. Eversource Energy's revenue was up 23.6% compared to the same quarter last year. On average, research analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Announces Dividend

The company also recently announced 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 is Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.62%. Eversource Energy's payout ratio is 129.74%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BMO Capital Markets boosted their target price on 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 Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $58.00 price objective (down previously from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $65.78.

Insider Buying and Selling

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were 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 now owns 10,988 shares in the company, valued at $703,232. This trade represents a 19.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by company insiders.

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.