Groupama Asset Managment Has $226,000 Stake in Eversource Energy $ES

Groupama Asset Managment reduced its position in Eversource Energy (NYSE:ES) by 88.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,560 shares of the utilities provider’s stock after selling 26,625 shares during the quarter. Groupama Asset Managment’s holdings in Eversource Energy were worth $226,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Eversource Energy by 7.9% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 419,251 shares of the utilities provider’s stock valued at $26,673,000 after purchasing an additional 30,641 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Eversource Energy during the second quarter worth about $32,000. Vanguard Group Inc. increased its position in shares of Eversource Energy by 1.5% during the second quarter. Vanguard Group Inc. now owns 45,652,661 shares of the utilities provider’s stock worth $2,904,422,000 after acquiring an additional 691,165 shares in the last quarter. AGF Management Ltd. raised its holdings in shares of Eversource Energy by 12.3% in the 2nd quarter. AGF Management Ltd. now owns 56,868 shares of the utilities provider’s stock worth $3,618,000 after acquiring an additional 6,229 shares during the last quarter. Finally, Truist Financial Corp lifted its position in Eversource Energy by 60.7% in the 2nd quarter. Truist Financial Corp now owns 34,696 shares of the utilities provider’s stock valued at $2,207,000 after acquiring an additional 13,112 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 0.7%

ES stock opened at $67.18 on Friday. The stock has a market cap of $25.21 billion, a P/E ratio of 18.41, a P/E/G ratio of 2.94 and a beta of 0.69. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 1.68. The stock’s fifty day simple moving average is $71.36 and its two-hundred day simple moving average is $67.01. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $75.25.

Eversource Energy (NYSE:ES) last announced its earnings results on Tuesday, November 4th. The utilities provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.07. The firm had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.28 billion. Eversource Energy had a return on equity of 11.06% and a net margin of 10.22%.The business’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $1.13 EPS. Analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given a $0.7525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.01 annualized dividend and a yield of 4.5%. Eversource Energy’s payout ratio is currently 82.47%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ES. TD Cowen began coverage on Eversource Energy in a report on Thursday, October 16th. They set a “hold” rating and a $76.00 price objective for the company. UBS Group downgraded Eversource Energy from a “buy” rating to a “neutral” rating and set a $78.00 price target for the company. in a report on Thursday, November 6th. Bank of America upgraded Eversource Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $73.00 to $85.00 in a research note on Tuesday, October 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a report on Friday, October 31st. Finally, Mizuho reiterated a “neutral” rating and issued a $68.00 target price (down previously from $81.00) on shares of Eversource Energy in a report on Thursday, November 20th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $70.55.

Insider Buying and Selling

In other Eversource Energy news, EVP James W. Hunt III sold 4,129 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $72.77, for a total value of $300,467.33. Following the transaction, the executive vice president directly owned 32,415 shares in the company, valued at $2,358,839.55. The trade was a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

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.