Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Invests $1.22 Million in Eversource Energy (NYSE:ES)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group purchased a new position in Eversource Energy (NYSE:ES) in the first quarter, Holdings Channel.com reports. The firm purchased 19,556 shares of the utilities provider’s stock, valued at approximately $1,215,000.

Other institutional investors have also bought and sold shares of the company. Avantax Advisory Services Inc. lifted its stake in Eversource Energy by 1.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 18,577 shares of the utilities provider’s stock worth $1,067,000 after purchasing an additional 274 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in Eversource Energy in the 4th quarter valued at about $220,000. Corient Private Wealth LLC lifted its stake in Eversource Energy by 4.5% in the 4th quarter. Corient Private Wealth LLC now owns 80,332 shares of the utilities provider’s stock valued at $4,614,000 after buying an additional 3,496 shares in the last quarter. Cibc World Markets Corp lifted its stake in Eversource Energy by 18.9% in the 4th quarter. Cibc World Markets Corp now owns 57,378 shares of the utilities provider’s stock worth $3,295,000 after purchasing an additional 9,136 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Eversource Energy by 11.0% in the 4th quarter. Signaturefd LLC now owns 13,243 shares of the utilities provider’s stock worth $761,000 after purchasing an additional 1,313 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ES shares. Wall Street Zen upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Mizuho lifted their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, June 25th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $58.00 price target (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Finally, BMO Capital Markets upped their price target on shares of Eversource Energy from $71.00 to $72.00 and gave the company a “market perform” rating in a report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and an average price target of $65.67.

Eversource Energy Stock Performance

Shares of NYSE ES traded up $0.64 during midday trading on Friday, hitting $65.48. The company’s stock had a trading volume of 1,117,389 shares, compared to its average volume of 2,486,697. The firm has a market cap of $24.05 billion, a P/E ratio of 28.23, a P/E/G ratio of 2.41 and a beta of 0.62. The firm’s fifty day moving average price is $64.15 and its 200-day moving average price is $60.90. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.66 and a current ratio of 0.75.

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. Eversource Energy had a net margin of 6.63% and a return on equity of 11.04%. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the firm earned $1.49 EPS. Eversource Energy’s revenue was up 23.6% on a year-over-year basis. On average, sell-side analysts forecast that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 15th were issued a $0.7525 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.60%. Eversource Energy’s payout ratio is currently 129.74%.

Insider Activity at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total value of $166,400.00. Following the transaction, the executive vice president directly owned 10,988 shares of the company’s stock, valued at $703,232. This trade represents a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is owned by insiders.

About Eversource Energy

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.