GAMMA Investing LLC Has $104,000 Stock Position in Eversource Energy (NYSE:ES)

GAMMA Investing LLC boosted its position in Eversource Energy (NYSE:ES) by 25.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,738 shares of the utilities provider’s stock after acquiring an additional 357 shares during the period. GAMMA Investing LLC’s holdings in Eversource Energy were worth $104,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ES. Charles Schwab Investment Management Inc. increased its position in shares of Eversource Energy by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,650,143 shares of the utilities provider’s stock worth $448,567,000 after acquiring an additional 353,171 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Eversource Energy by 2.5% in the 3rd quarter. Legal & General Group Plc now owns 6,628,663 shares of the utilities provider’s stock worth $385,457,000 after acquiring an additional 163,053 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Eversource Energy by 8.2% in the fourth quarter. Nordea Investment Management AB now owns 6,299,800 shares of the utilities provider’s stock valued at $388,509,000 after purchasing an additional 475,341 shares during the last quarter. Morgan Stanley raised its holdings in shares of Eversource Energy by 19.3% in the third quarter. Morgan Stanley now owns 4,464,230 shares of the utilities provider’s stock valued at $259,595,000 after purchasing an additional 723,318 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Eversource Energy by 2.7% during the third quarter. Northern Trust Corp now owns 4,237,474 shares of the utilities provider’s stock valued at $246,409,000 after purchasing an additional 111,294 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Buying and Selling

In other Eversource Energy news, EVP Penelope M. Conner sold 2,700 shares of Eversource Energy stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $58.75, for a total transaction of $158,625.00. Following the completion of the transaction, the executive vice president now owns 10,272 shares of the company’s stock, valued at approximately $603,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Eversource Energy news, EVP Penelope M. Conner sold 2,700 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $58.75, for a total value of $158,625.00. Following the completion of the transaction, the executive vice president now directly owns 10,272 shares of the company’s stock, valued at approximately $603,480. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Gregory B. Butler sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total transaction of $562,000.00. Following the transaction, the vice president now owns 63,808 shares of the company’s stock, valued at $3,586,009.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Analyst Ratings Changes

ES has been the subject of several analyst reports. Bank of America increased their price objective on shares of Eversource Energy from $50.00 to $61.00 and gave the company an “underperform” rating in a research note on Wednesday, May 15th. UBS Group raised Eversource Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $62.00 to $67.00 in a research report on Thursday, April 4th. Argus cut their price objective on Eversource Energy from $85.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Wells Fargo & Company raised their target price on Eversource Energy from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Finally, Morgan Stanley boosted their price target on shares of Eversource Energy from $64.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Eversource Energy has an average rating of “Hold” and an average price target of $66.07.

Eversource Energy Trading Down 1.4 %

Shares of NYSE:ES opened at $57.18 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.71. The company has a 50-day moving average price of $59.48 and a two-hundred day moving average price of $58.83. Eversource Energy has a twelve month low of $52.03 and a twelve month high of $74.81.

Eversource Energy (NYSE:ES) last released its quarterly earnings data 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 negative net margin of 3.60% and a positive return on equity of 10.32%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the firm earned $1.41 EPS. Eversource Energy’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, equities analysts predict that Eversource Energy will post 4.53 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 5.00%. Eversource Energy’s payout ratio is -242.37%.

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.