Mutual of America Capital Management LLC Has $2.65 Million Position in Eversource Energy (NYSE:ES)

Mutual of America Capital Management LLC lowered its holdings in shares of Eversource Energy (NYSE:ES) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,646 shares of the utilities provider’s stock after selling 1,240 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Eversource Energy were worth $2,649,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mizuho Bank Ltd. acquired a new stake in Eversource Energy in the 4th quarter valued at approximately $26,000. Pinney & Scofield Inc. bought a new position in Eversource Energy in the fourth quarter valued at approximately $33,000. Rossby Financial LCC bought a new position in Eversource Energy in the first quarter valued at approximately $34,000. CoreCap Advisors LLC grew its stake in Eversource Energy by 168.7% in the fourth quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 383 shares in the last quarter. Finally, First Financial Corp IN grew its stake in Eversource Energy by 3,529.4% in the first quarter. First Financial Corp IN now owns 617 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Price Performance

Shares of NYSE ES opened at $65.41 on Friday. The stock has a market capitalization of $24.03 billion, a PE ratio of 28.19, a P/E/G ratio of 2.41 and a beta of 0.62. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.75 and a quick ratio of 0.66. The business has a fifty day moving average price of $64.20 and a two-hundred day moving average price of $60.96. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Eversource Energy had a return on equity of 11.04% and a net margin of 6.63%. The company’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.49 EPS. As a group, 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 declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.7525 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.60%. Eversource Energy’s dividend payout ratio (DPR) is currently 129.74%.

Insider Activity at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of the business’s stock in a transaction on Tuesday, May 20th. The stock was 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 owned 10,988 shares of the company’s stock, valued at approximately $703,232. The trade was a 19.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ES shares. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. BMO Capital Markets lifted their target price on Eversource Energy from $71.00 to $72.00 and gave the stock a “market perform” rating in a research note on Monday, April 28th. Mizuho lifted their price target on Eversource Energy from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, June 25th. Finally, Wall Street Zen raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average price target of $65.67.

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.