Eversource Energy $ES Stock Holdings Boosted by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Eversource Energy (NYSE:ES) by 2.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 427,934 shares of the utilities provider’s stock after buying an additional 8,683 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Eversource Energy were worth $30,443,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ES. Neo Ivy Capital Management acquired a new stake in shares of Eversource Energy in the second quarter valued at approximately $26,000. Root Financial Partners LLC bought a new position in Eversource Energy in the 3rd quarter worth approximately $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Eversource Energy in the 3rd quarter worth approximately $27,000. Trust Co. of Toledo NA OH acquired a new stake in Eversource Energy in the 2nd quarter valued at approximately $28,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Eversource Energy during the 2nd quarter valued at $31,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Price Performance

NYSE:ES opened at $70.43 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 1.68. The business’s 50-day moving average price is $67.86 and its 200 day moving average price is $68.02. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $75.25. The firm has a market cap of $26.42 billion, a P/E ratio of 19.30, a PEG ratio of 2.42 and a beta of 0.76.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Tuesday, November 4th. The utilities provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.07. Eversource Energy had a net margin of 10.22% and a return on equity of 11.06%. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the company earned $1.13 EPS. Eversource Energy’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Wednesday, December 17th. Eversource Energy’s dividend payout ratio (DPR) is presently 82.47%.

Analyst Ratings Changes

A number of brokerages have issued reports on ES. Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Monday, November 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research note on Friday, October 31st. Mizuho reiterated a “neutral” rating and issued a $68.00 target price (down previously from $81.00) on shares of Eversource Energy in a research report on Thursday, November 20th. Scotiabank lowered their target price on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Thursday, November 20th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $71.50.

Insider Transactions at Eversource Energy

In other Eversource Energy news, EVP James W. Hunt III sold 4,129 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $72.77, for a total value of $300,467.33. Following the transaction, the executive vice president owned 32,415 shares of the company’s stock, valued at approximately $2,358,839.55. This represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

About Eversource Energy

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.