Eversource Energy (NYSE:ES) Shares Bought by First Manhattan CO. LLC.

First Manhattan CO. LLC. boosted its holdings in Eversource Energy (NYSE:ES) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,131 shares of the utilities provider’s stock after buying an additional 255 shares during the quarter. First Manhattan CO. LLC.’s holdings in Eversource Energy were worth $524,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ES. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Eversource Energy by 33.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,231 shares of the utilities provider’s stock valued at $2,306,000 after acquiring an additional 9,981 shares during the period. Verity & Verity LLC acquired a new position in Eversource Energy in the 4th quarter worth $744,000. Everett Harris & Co. CA raised its stake in shares of Eversource Energy by 125.2% in the 4th quarter. Everett Harris & Co. CA now owns 8,093 shares of the utilities provider’s stock valued at $465,000 after purchasing an additional 4,500 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Eversource Energy by 12.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 73,096 shares of the utilities provider’s stock valued at $4,198,000 after purchasing an additional 7,967 shares in the last quarter. Finally, Boston Trust Walden Corp grew its stake in Eversource Energy by 3.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,002,004 shares of the utilities provider’s stock worth $57,545,000 after buying an additional 28,725 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Up 0.4%

NYSE ES opened at $62.97 on Monday. The firm has a market cap of $23.13 billion, a P/E ratio of 27.26, a P/E/G ratio of 2.35 and a beta of 0.61. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. The stock’s 50-day moving average is $59.35 and its 200-day moving average is $59.88. Eversource Energy has a one year low of $52.28 and a one year high of $69.01.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.65 billion. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. Eversource Energy’s revenue was up 23.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.49 earnings per share. Sell-side analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 15th will be issued a dividend of $0.7525 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.78%. Eversource Energy’s payout ratio is presently 129.74%.

Analysts Set New Price Targets

ES has been the topic of a number of research analyst reports. 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 report on Monday, April 28th. Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $58.00 price target (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Finally, Jefferies Financial Group decreased their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Eversource Energy has an average rating of “Hold” and a consensus target price of $65.78.

Insider Buying and Selling

In related news, VP Jay S. Buth sold 980 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following the completion of the transaction, the vice president now directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frederica M. Williams sold 3,092 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the transaction, the insider now owns 22,671 shares of the company’s stock, valued at approximately $1,411,496.46. This represents a 12.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

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.