Swiss National Bank Decreases Stock Holdings in Eversource Energy (NYSE:ES)

Swiss National Bank decreased its position in shares of Eversource Energy (NYSE:ES - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,091,533 shares of the utilities provider's stock after selling 30,600 shares during the quarter. Swiss National Bank owned approximately 0.31% of Eversource Energy worth $67,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new position in shares of Eversource Energy during the 4th quarter worth $26,000. Bfsg LLC purchased a new position in Eversource Energy during the fourth quarter worth about $31,000. Hexagon Capital Partners LLC boosted its stake in Eversource Energy by 84.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 596 shares of the utilities provider's stock worth $37,000 after buying an additional 272 shares during the period. CVA Family Office LLC acquired a new stake in shares of Eversource Energy during the fourth quarter valued at about $43,000. Finally, MV Capital Management Inc. raised its stake in shares of Eversource Energy by 40.4% in the 3rd quarter. MV Capital Management Inc. now owns 716 shares of the utilities provider's stock valued at $42,000 after acquiring an additional 206 shares during the period. Hedge funds and other institutional investors own 79.99% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on ES shares. Guggenheim upgraded shares of Eversource Energy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $60.00 to $72.00 in a report on Monday, January 22nd. Barclays decreased their target price on Eversource Energy from $66.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Monday, January 22nd. The Goldman Sachs Group began coverage on Eversource Energy in a research report on Wednesday, April 10th. They issued a "buy" rating and a $73.00 target price for the company. Mizuho raised shares of Eversource Energy from a "neutral" rating to a "buy" rating and increased their price target for the stock from $54.00 to $62.00 in a research report on Thursday, February 15th. Finally, StockNews.com upgraded shares of Eversource Energy to a "sell" rating in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $66.23.

Insider Buying and Selling at Eversource Energy

In other news, insider Frederica M. Williams sold 2,714 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $57.60, for a total transaction of $156,326.40. Following the completion of the sale, the insider now owns 21,621 shares in the company, valued at approximately $1,245,369.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Frederica M. Williams sold 2,714 shares of the business's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $57.60, for a total value of $156,326.40. Following the completion of the sale, the insider now directly owns 21,621 shares of the company's stock, valued at approximately $1,245,369.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Linda Dorcena Forry sold 822 shares of the company's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.12, for a total value of $47,774.64. Following the completion of the sale, the insider now directly owns 10,485 shares of the company's stock, valued at $609,388.20. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Eversource Energy Stock Down 0.5 %

Shares of Eversource Energy stock traded down $0.30 during trading on Monday, hitting $59.71. 1,681,737 shares of the stock were exchanged, compared to its average volume of 2,886,221. The stock has a market cap of $20.94 billion, a price-to-earnings ratio of -50.60, a price-to-earnings-growth ratio of 3.21 and a beta of 0.57. The firm's 50-day moving average price is $59.21 and its 200 day moving average price is $58.18. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.67 and a quick ratio of 0.59. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $77.92.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.04. Eversource Energy had a positive return on equity of 10.22% and a negative net margin of 3.60%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the business earned $1.41 EPS. Eversource Energy's revenue for the quarter was down 12.2% on a year-over-year basis. As a group, analysts forecast that Eversource Energy will post 4.49 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Wednesday, May 15th. Eversource Energy's dividend payout ratio (DPR) is -242.37%.

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.