XTX Topco Ltd Increases Holdings in Eversource Energy (NYSE:ES)

XTX Topco Ltd grew its holdings in Eversource Energy (NYSE:ES) by 243.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 38,410 shares of the utilities provider’s stock after buying an additional 27,218 shares during the quarter. XTX Topco Ltd’s holdings in Eversource Energy were worth $2,178,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Salem Investment Counselors Inc. raised its position in Eversource Energy by 49.7% in the 1st quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock worth $33,000 after buying an additional 181 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of Eversource Energy by 27.4% during the second quarter. Addison Advisors LLC now owns 860 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 185 shares during the last quarter. Bar Harbor Wealth Management lifted its position in Eversource Energy by 4.1% during the second quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider’s stock valued at $271,000 after purchasing an additional 190 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Eversource Energy by 2.5% in the first quarter. Avantax Advisory Services Inc. now owns 7,944 shares of the utilities provider’s stock worth $475,000 after purchasing an additional 192 shares during the last quarter. Finally, Presima Securities ULC grew its position in Eversource Energy by 1.5% in the 4th quarter. Presima Securities ULC now owns 13,730 shares of the utilities provider’s stock worth $847,000 after purchasing an additional 200 shares during the period. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Stock Performance

Shares of NYSE ES opened at $67.47 on Thursday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.75 and a quick ratio of 0.66. Eversource Energy has a 1 year low of $52.03 and a 1 year high of $69.01. The firm has a fifty day moving average price of $65.35 and a 200-day moving average price of $61.22. The stock has a market cap of $23.77 billion, a PE ratio of -57.18, a price-to-earnings-growth ratio of 2.59 and a beta of 0.61.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, meeting analysts’ consensus estimates of $0.95. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. Equities analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 23rd will be paid a $0.715 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.86 annualized dividend and a yield of 4.24%. Eversource Energy’s payout ratio is -242.37%.

Wall Street Analysts Forecast Growth

ES has been the topic of several research analyst reports. Morgan Stanley increased their price target on Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. StockNews.com downgraded Eversource Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. Scotiabank raised their target price on Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Barclays upped their price target on shares of Eversource Energy from $65.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday, July 22nd. Finally, Wells Fargo & Company increased their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $68.93.

Insider Buying and Selling at Eversource Energy

In other news, EVP Penelope M. Conner sold 500 shares of Eversource Energy stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the sale, the executive vice president now owns 9,847 shares in the company, valued at $639,464.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Penelope M. Conner sold 500 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $64.94, for a total transaction of $32,470.00. Following the completion of the transaction, the executive vice president now owns 9,847 shares in the company, valued at $639,464.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Penelope M. Conner sold 815 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total value of $53,382.50. Following the completion of the sale, the executive vice president now owns 9,032 shares in the company, valued at $591,596. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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.