57,067 Shares in Eversource Energy (NYSE:ES) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG purchased a new position in shares of Eversource Energy (NYSE:ES - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 57,067 shares of the utilities provider's stock, valued at approximately $3,270,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ES. Wellington Management Group LLP lifted its position in shares of Eversource Energy by 38.6% during the fourth quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock worth $945,893,000 after purchasing an additional 4,585,232 shares in the last quarter. Norges Bank purchased a new position in Eversource Energy in the 4th quarter valued at about $188,838,000. Amundi grew its stake in shares of Eversource Energy by 32.2% during the fourth quarter. Amundi now owns 6,482,546 shares of the utilities provider's stock valued at $367,691,000 after acquiring an additional 1,579,818 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Eversource Energy by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock worth $2,561,936,000 after acquiring an additional 1,387,072 shares during the last quarter. Finally, Magellan Asset Management Ltd lifted its stake in shares of Eversource Energy by 15.9% in the fourth quarter. Magellan Asset Management Ltd now owns 6,474,477 shares of the utilities provider's stock worth $371,829,000 after acquiring an additional 890,514 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Eversource Energy Stock Performance

ES traded down $1.13 on Wednesday, hitting $64.42. The company had a trading volume of 902,673 shares, compared to its average volume of 2,418,751. The stock has a market cap of $23.67 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. 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 fifty day moving average price is $59.77 and its 200 day moving average price is $59.81. 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 issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share 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 during the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the previous year, the company earned $1.49 earnings per share. Eversource Energy's revenue for the quarter was up 23.6% on a year-over-year basis. Equities analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 15th will be given a $0.7525 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.01 annualized dividend and a dividend yield of 4.67%. Eversource Energy's dividend payout ratio is 129.74%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ES. Guggenheim restated a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Jefferies Financial Group decreased their price target on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $58.00 price target (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Wells Fargo & Company reduced their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Finally, BMO Capital Markets boosted their target price on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $65.78.

Insider Transactions at Eversource Energy

In related news, VP Jay S. Buth sold 980 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.99, for a total value of $61,730.20. Following the completion of the sale, the vice president now owns 24,374 shares in the company, valued at approximately $1,535,318.26. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Company 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.