Tokio Marine Asset Management Co. Ltd. Boosts Stock Holdings in Eversource Energy (NYSE:ES)

Tokio Marine Asset Management Co. Ltd. grew its position in Eversource Energy (NYSE:ESFree Report) by 27.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,072 shares of the utilities provider’s stock after purchasing an additional 2,351 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Eversource Energy were worth $662,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Heritage Wealth Advisors bought a new position in shares of Eversource Energy during the 4th quarter worth approximately $25,000. Exchange Traded Concepts LLC bought a new stake in Eversource Energy during the fourth quarter worth $26,000. Rise Advisors LLC bought a new stake in Eversource Energy during the first quarter worth $27,000. Bfsg LLC purchased a new position in Eversource Energy in the fourth quarter worth $31,000. Finally, Versant Capital Management Inc grew its stake in Eversource Energy by 62.6% in the 1st quarter. Versant Capital Management Inc now owns 522 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 201 shares during the period. 79.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group upgraded Eversource Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $67.00 in a research note on Thursday, April 4th. Argus dropped their target price on shares of Eversource Energy from $85.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Morgan Stanley decreased their price target on shares of Eversource Energy from $70.00 to $67.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Bank of America upgraded Eversource Energy from an “underperform” rating to a “neutral” rating and set a $61.00 price objective on the stock in a research note on Tuesday, June 25th. Finally, Scotiabank decreased their target price on Eversource Energy from $61.00 to $57.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.86.

Get Our Latest Analysis on Eversource Energy

Eversource Energy Stock Down 0.1 %

Shares of NYSE ES opened at $57.27 on Monday. Eversource Energy has a 52 week low of $52.03 and a 52 week high of $74.81. The business has a 50-day simple moving average of $59.02 and a two-hundred day simple moving average of $58.52. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.71. The company has a market cap of $20.17 billion, a P/E ratio of -48.53, a P/E/G ratio of 2.21 and a beta of 0.59.

Eversource Energy (NYSE:ESGet Free Report) last issued its earnings results on Wednesday, May 1st. The utilities provider reported $1.49 EPS for the quarter, topping the consensus estimate of $1.45 by $0.04. Eversource Energy had a positive return on equity of 10.32% and a negative net margin of 3.60%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the company earned $1.41 EPS. The firm’s revenue was down 12.2% compared to the same quarter last year. Research analysts anticipate that Eversource Energy will post 4.53 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, May 16th were given a dividend of $0.715 per share. The ex-dividend date was Wednesday, May 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.99%. Eversource Energy’s dividend payout ratio (DPR) is presently -242.37%.

Insider Activity

In other news, VP Gregory B. Butler sold 10,000 shares of Eversource Energy stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $56.20, for a total transaction of $562,000.00. Following the completion of the sale, the vice president now owns 63,808 shares in the company, valued at approximately $3,586,009.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Gregory B. Butler sold 10,000 shares of Eversource Energy stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $56.20, for a total transaction of $562,000.00. Following the completion of the sale, the vice president now owns 63,808 shares in the company, valued at approximately $3,586,009.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Penelope M. Conner sold 2,700 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $58.75, for a total value of $158,625.00. Following the transaction, the executive vice president now directly owns 10,272 shares in the company, valued at $603,480. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Eversource Energy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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