Eversource Energy (NYSE:ES) Position Increased by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC increased its stake in Eversource Energy (NYSE:ESGet Rating) by 3.3% during the 1st quarter, HoldingsChannel reports. The firm owned 33,616 shares of the utilities provider’s stock after acquiring an additional 1,065 shares during the period. Flagship Harbor Advisors LLC’s holdings in Eversource Energy were worth $2,965,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ES. BlackRock Inc. lifted its holdings in shares of Eversource Energy by 19.3% in the 4th quarter. BlackRock Inc. now owns 39,646,912 shares of the utilities provider’s stock worth $3,607,077,000 after purchasing an additional 6,402,262 shares during the last quarter. Nordea Investment Management AB raised its stake in Eversource Energy by 1,746.9% during the 1st quarter. Nordea Investment Management AB now owns 4,002,400 shares of the utilities provider’s stock valued at $355,813,000 after acquiring an additional 3,785,686 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Eversource Energy by 356.0% during the 4th quarter. Public Sector Pension Investment Board now owns 2,889,176 shares of the utilities provider’s stock valued at $262,857,000 after acquiring an additional 2,255,575 shares in the last quarter. Norges Bank bought a new stake in Eversource Energy during the 4th quarter valued at $197,480,000. Finally, Baillie Gifford & Co. raised its stake in Eversource Energy by 196.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,702,638 shares of the utilities provider’s stock valued at $154,906,000 after acquiring an additional 1,128,703 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP James W. Hunt III sold 4,444 shares of Eversource Energy stock in a transaction on Tuesday, April 5th. The stock was sold at an average price of $90.00, for a total transaction of $399,960.00. Following the transaction, the executive vice president now owns 16,115 shares in the company, valued at $1,450,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Penelope M. Conner sold 4,000 shares of Eversource Energy stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $91.75, for a total value of $367,000.00. Following the transaction, the executive vice president now owns 4,979 shares in the company, valued at approximately $456,823.25. The disclosure for this sale can be found here. Insiders sold a total of 10,953 shares of company stock worth $995,989 over the last 90 days. Insiders own 0.38% of the company’s stock.

Shares of NYSE ES opened at $80.58 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $27.79 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 3.11 and a beta of 0.41. The stock’s fifty day simple moving average is $88.96 and its 200 day simple moving average is $87.59. Eversource Energy has a 52-week low of $77.07 and a 52-week high of $94.63.

Eversource Energy (NYSE:ESGet Rating) last issued its earnings results on Wednesday, May 4th. The utilities provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.08. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Eversource Energy had a return on equity of 9.52% and a net margin of 12.32%. The company’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.15 EPS. As a group, analysts anticipate that Eversource Energy will post 4.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Thursday, May 19th will be issued a $0.6375 dividend. This represents a $2.55 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Wednesday, May 18th. Eversource Energy’s payout ratio is 67.82%.

Several analysts have weighed in on ES shares. Wolfe Research downgraded Eversource Energy from an “outperform” rating to a “peer perform” rating and cut their target price for the company from $87.00 to $85.00 in a research note on Wednesday, March 9th. Wells Fargo & Company lifted their target price on Eversource Energy from $92.00 to $97.00 in a research note on Thursday, May 5th. Seaport Res Ptn reiterated a “buy” rating on shares of Eversource Energy in a research report on Monday, March 28th. StockNews.com initiated coverage on Eversource Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Credit Suisse Group initiated coverage on Eversource Energy in a research report on Tuesday, April 26th. They set a “neutral” rating and a $92.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $90.00.

Eversource Energy Company Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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