Eversource Energy $ES Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. lifted its stake in shares of Eversource Energy (NYSE:ES) by 43.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,592 shares of the utilities provider’s stock after buying an additional 18,811 shares during the quarter. Baird Financial Group Inc.’s holdings in Eversource Energy were worth $3,982,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PDS Planning Inc lifted its position in shares of Eversource Energy by 4.7% during the second quarter. PDS Planning Inc now owns 3,840 shares of the utilities provider’s stock worth $244,000 after purchasing an additional 173 shares in the last quarter. Avidian Wealth Enterprises LLC increased its stake in Eversource Energy by 2.9% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 6,179 shares of the utilities provider’s stock worth $393,000 after buying an additional 176 shares during the period. Thrive Wealth Management LLC lifted its holdings in Eversource Energy by 3.6% in the 2nd quarter. Thrive Wealth Management LLC now owns 5,445 shares of the utilities provider’s stock worth $346,000 after buying an additional 189 shares in the last quarter. Penobscot Investment Management Company Inc. boosted its position in Eversource Energy by 1.4% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 14,418 shares of the utilities provider’s stock valued at $917,000 after buying an additional 195 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Eversource Energy by 17.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,286 shares of the utilities provider’s stock valued at $82,000 after buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Eversource Energy in a report on Friday, October 31st. BMO Capital Markets reduced their target price on Eversource Energy from $79.00 to $77.00 and set a “market perform” rating for the company in a research note on Thursday, November 6th. Bank of America raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $73.00 to $85.00 in a research report on Tuesday, October 21st. Mizuho reaffirmed a “neutral” rating and issued a $68.00 price target (down from $81.00) on shares of Eversource Energy in a report on Thursday, November 20th. Finally, Wells Fargo & Company lowered shares of Eversource Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $79.00 to $63.00 in a report on Wednesday, November 19th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.55.

Eversource Energy Price Performance

Shares of NYSE ES opened at $67.60 on Thursday. The stock has a market cap of $25.36 billion, a P/E ratio of 18.52, a P/E/G ratio of 2.41 and a beta of 0.76. The firm’s 50-day simple moving average is $70.90 and its 200 day simple moving average is $67.21. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $75.25. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 1.68.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Tuesday, November 4th. The utilities provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.12 by $0.07. Eversource Energy had a net margin of 10.22% and a return on equity of 11.06%. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the business earned $1.13 earnings per share. Eversource Energy’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be given a $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, December 17th. Eversource Energy’s dividend payout ratio (DPR) is 82.47%.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, EVP James W. Hunt III sold 4,129 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $72.77, for a total transaction of $300,467.33. Following the completion of the sale, the executive vice president directly owned 32,415 shares in the company, valued at approximately $2,358,839.55. This trade represents a 11.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Eversource Energy 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.