Eversource Energy (NYSE:ES) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in Eversource Energy (NYSE:ES) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,972 shares of the utilities provider’s stock after acquiring an additional 1,319 shares during the period. Intech Investment Management LLC’s holdings in Eversource Energy were worth $2,153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heritage Wealth Advisors acquired a new position in shares of Eversource Energy during the 4th quarter worth about $25,000. Lynx Investment Advisory purchased a new stake in shares of Eversource Energy during the 2nd quarter worth $25,000. Rise Advisors LLC acquired a new position in Eversource Energy during the first quarter worth about $27,000. Versant Capital Management Inc raised its holdings in Eversource Energy by 62.6% during the first quarter. Versant Capital Management Inc now owns 522 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 201 shares during the last quarter. Finally, Salem Investment Counselors Inc. boosted its position in Eversource Energy by 49.7% during the first quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Stock Up 0.2 %

Eversource Energy stock opened at $66.53 on Tuesday. The company’s 50-day moving average price is $65.78 and its two-hundred day moving average price is $61.41. The stock has a market cap of $23.44 billion, a price-to-earnings ratio of -56.38, a PEG ratio of 2.59 and a beta of 0.61. Eversource Energy has a 52 week low of $52.03 and a 52 week high of $69.01. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74.

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

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 dividend yield of 4.30%. Eversource Energy’s payout ratio is -242.37%.

Analysts Set New Price Targets

Several analysts have issued reports on ES shares. Morgan Stanley upped their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Barclays raised their target price on shares of Eversource Energy from $65.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Monday, July 22nd. Bank of America increased their price target on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Scotiabank boosted their price objective on shares of Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, StockNews.com lowered Eversource Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Eversource Energy presently has a consensus rating of “Hold” and an average price target of $68.93.

Insider Buying and Selling

In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the transaction, the executive vice president now directly owns 9,032 shares of the company’s stock, valued at $591,596. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Penelope M. Conner sold 815 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total value of $53,382.50. Following the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at approximately $591,596. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Penelope M. Conner sold 500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $639,464.18. The disclosure for this sale can be found here. 0.41% of the stock is currently 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.