Eversource Energy (NYSE:ES) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in Eversource Energy (NYSE:ES) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 466,489 shares of the utilities provider’s stock after acquiring an additional 16,482 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of Eversource Energy worth $28,792,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ES. Exchange Traded Concepts LLC bought a new position in shares of Eversource Energy in the fourth quarter worth $26,000. Bfsg LLC bought a new position in Eversource Energy in the 4th quarter valued at about $31,000. Hexagon Capital Partners LLC increased its stake in Eversource Energy by 84.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 596 shares of the utilities provider’s stock valued at $37,000 after buying an additional 272 shares during the period. MV Capital Management Inc. raised its position in shares of Eversource Energy by 40.4% during the 3rd quarter. MV Capital Management Inc. now owns 716 shares of the utilities provider’s stock worth $42,000 after buying an additional 206 shares in the last quarter. Finally, CVA Family Office LLC bought a new stake in shares of Eversource Energy during the 4th quarter worth about $43,000. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Stock Up 2.4 %

Shares of NYSE:ES opened at $61.17 on Wednesday. The firm has a 50 day simple moving average of $59.25 and a 200 day simple moving average of $58.24. Eversource Energy has a 52 week low of $52.03 and a 52 week high of $77.92. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.67. The company has a market cap of $21.45 billion, a PE ratio of -51.84, a price-to-earnings-growth ratio of 3.21 and a beta of 0.57.

Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, May 1st. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $3.69 billion. During the same quarter in the prior year, the company earned $1.41 earnings per share. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. As a group, research analysts expect that Eversource Energy will post 4.49 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.86 annualized dividend and a yield of 4.68%. Eversource Energy’s dividend payout ratio (DPR) is presently -242.37%.

Analyst Ratings Changes

A number of research firms recently commented on ES. Scotiabank lowered their price objective on shares of Eversource Energy from $61.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Barclays dropped their price objective 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. UBS Group upgraded Eversource Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $62.00 to $67.00 in a report on Thursday, April 4th. BMO Capital Markets boosted their price target on shares of Eversource Energy from $65.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Finally, Mizuho raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $54.00 to $62.00 in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $66.23.

Insider Activity

In other Eversource Energy news, insider Frederica M. Williams sold 2,714 shares of the company’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 value of $156,326.40. Following the transaction, the insider now owns 21,621 shares in the company, valued at approximately $1,245,369.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Linda Dorcena Forry sold 822 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $58.12, for a total transaction 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 approximately $609,388.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 disclosure for this sale can be found here. 0.29% of the stock is 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.