Eversource Energy (NYSE:ES) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in shares of Eversource Energy (NYSE:ES) by 5.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,942 shares of the utilities provider’s stock after purchasing an additional 734 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Eversource Energy were worth $866,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ES. Ascent Group LLC lifted its holdings in Eversource Energy by 1.2% during the 4th quarter. Ascent Group LLC now owns 19,663 shares of the utilities provider’s stock worth $1,129,000 after buying an additional 230 shares during the last quarter. Keybank National Association OH lifted its holdings in Eversource Energy by 2.6% during the 4th quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider’s stock worth $522,000 after buying an additional 233 shares during the last quarter. Whittier Trust Co. lifted its holdings in Eversource Energy by 3.3% during the 4th quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider’s stock worth $444,000 after buying an additional 245 shares during the last quarter. Assetmark Inc. lifted its holdings in Eversource Energy by 99.2% during the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock worth $29,000 after buying an additional 254 shares during the last quarter. Finally, First Manhattan CO. LLC. lifted its holdings in Eversource Energy by 2.9% during the 4th quarter. First Manhattan CO. LLC. now owns 9,131 shares of the utilities provider’s stock worth $524,000 after buying an additional 255 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ES shares. BMO Capital Markets lifted their price target on Eversource Energy from $71.00 to $72.00 and gave the stock a “market perform” rating in a report on Monday, April 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $58.00 price target (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Finally, Wall Street Zen raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $65.78.

Eversource Energy Stock Down 1.3%

Eversource Energy stock opened at $62.37 on Thursday. The stock has a 50-day simple moving average of $61.77 and a 200-day simple moving average of $60.14. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.66 and a current ratio of 0.75. The company has a market capitalization of $22.91 billion, a P/E ratio of 26.88, a PEG ratio of 2.35 and a beta of 0.63. 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 posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.65 billion. Eversource Energy had a return on equity of 11.04% and a net margin of 6.63%. The firm’s revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.49 EPS. Equities research analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Thursday, May 15th. Eversource Energy’s payout ratio is 129.74%.

Insiders Place Their Bets

In related news, EVP Penelope M. Conner sold 2,600 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total value of $166,400.00. Following the sale, the executive vice president now owns 10,988 shares in the company, valued at $703,232. This represents a 19.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by 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.