Eversource Energy Target of Unusually Large Options Trading (NYSE:ES)

Eversource Energy (NYSE:ES) was the recipient of unusually large options trading activity on Tuesday. Stock investors acquired 1,025 call options on the stock. This is an increase of 1,386% compared to the average volume of 69 call options.

In other Eversource Energy news, EVP Leon J. Olivier sold 7,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $72.95, for a total transaction of $510,650.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.37% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc raised its stake in shares of Eversource Energy by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 34,614,034 shares of the utilities provider’s stock worth $2,126,686,000 after buying an additional 436,242 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Eversource Energy by 18.5% during the 4th quarter. Mackenzie Financial Corp now owns 24,287 shares of the utilities provider’s stock worth $1,580,000 after buying an additional 3,799 shares in the last quarter. Westpac Banking Corp raised its stake in shares of Eversource Energy by 36.3% during the 4th quarter. Westpac Banking Corp now owns 27,932 shares of the utilities provider’s stock worth $1,817,000 after buying an additional 7,439 shares in the last quarter. Piedmont Investment Advisors Inc. grew its holdings in shares of Eversource Energy by 43.0% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 4,711 shares of the utilities provider’s stock worth $306,000 after acquiring an additional 1,417 shares during the period. Finally, Eaton Vance Management grew its holdings in shares of Eversource Energy by 0.6% in the 4th quarter. Eaton Vance Management now owns 104,348 shares of the utilities provider’s stock worth $6,787,000 after acquiring an additional 589 shares during the period. 73.73% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:ES opened at $75.37 on Thursday. Eversource Energy has a 12 month low of $57.26 and a 12 month high of $77.87. The company has a current ratio of 0.50, a quick ratio of 0.44 and a debt-to-equity ratio of 1.06. The stock’s fifty day moving average is $74.83. The firm has a market capitalization of $24.37 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 4.00 and a beta of 0.26.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. Eversource Energy had a net margin of 12.50% and a return on equity of 9.43%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the business posted $0.85 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts predict that Eversource Energy will post 3.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 23rd will be given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Wednesday, May 22nd. Eversource Energy’s dividend payout ratio (DPR) is currently 65.24%.

ES has been the topic of several research analyst reports. Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Williams Capital reissued a “buy” rating on shares of Eversource Energy in a research note on Monday, March 18th. Macquarie raised shares of Eversource Energy from a “neutral” rating to an “outperform” rating and set a $73.00 price target on the stock in a research note on Monday, March 4th. Credit Suisse Group set a $76.00 price target on shares of Eversource Energy and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, UBS Group increased their price objective on shares of Eversource Energy from $81.00 to $85.00 and gave the company a “buy” rating in a report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Eversource Energy has a consensus rating of “Hold” and a consensus target price of $74.17.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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