Next Capital Management LLC purchased a new stake in shares of Eversource Energy (NYSE:ES) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 558 shares of the utilities provider’s stock, valued at approximately $40,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Plimoth Trust Co. LLC bought a new stake in Eversource Energy during the first quarter valued at about $217,000. Strs Ohio raised its holdings in Eversource Energy by 22.0% during the first quarter. Strs Ohio now owns 35,854 shares of the utilities provider’s stock valued at $2,543,000 after acquiring an additional 6,460 shares during the period. Huber Financial Advisors LLC bought a new stake in Eversource Energy during the first quarter valued at about $262,000. IFM Investors Pty Ltd raised its holdings in Eversource Energy by 8.6% during the first quarter. IFM Investors Pty Ltd now owns 20,407 shares of the utilities provider’s stock valued at $1,448,000 after acquiring an additional 1,608 shares during the period. Finally, Waverton Investment Management Ltd raised its holdings in Eversource Energy by 3.0% during the first quarter. Waverton Investment Management Ltd now owns 12,129 shares of the utilities provider’s stock valued at $861,000 after acquiring an additional 352 shares during the period. 73.99% of the stock is currently owned by hedge funds and other institutional investors.

ES opened at $69.96 on Monday. The stock has a market capitalization of $22.20 billion, a P/E ratio of 21.33, a P/E/G ratio of 3.64 and a beta of 0.31. Eversource Energy has a 12 month low of $52.76 and a 12 month high of $72.26. The company has a quick ratio of 0.50, a current ratio of 0.56 and a debt-to-equity ratio of 1.07.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.02). The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Eversource Energy had a return on equity of 9.18% and a net margin of 12.23%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 EPS. Analysts anticipate that Eversource Energy will post 3.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Tuesday, March 5th were given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Monday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.51. Eversource Energy’s payout ratio is 65.24%.

In other news, VP Gregory B. Butler sold 11,500 shares of Eversource Energy stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $68.63, for a total transaction of $789,245.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christine M. Carmody sold 15,000 shares of Eversource Energy stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $70.06, for a total transaction of $1,050,900.00. The disclosure for this sale can be found here. Insiders have sold 111,201 shares of company stock valued at $7,727,360 in the last 90 days. Company insiders own 0.37% of the company’s stock.

ES has been the topic of a number of recent analyst reports. Zacks Investment Research cut Eversource Energy from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Guggenheim reissued a “buy” rating and set a $72.00 price target on shares of Eversource Energy in a report on Monday, January 7th. Williams Capital restated a “buy” rating on shares of Eversource Energy in a research report on Monday, March 18th. Bank of America lowered Eversource Energy from a “neutral” rating to an “underperform” rating and set a $68.00 price objective for the company. in a research report on Monday, February 25th. Finally, Macquarie upgraded Eversource Energy from a “neutral” rating to an “outperform” rating and set a $73.00 price objective for the company in a research report on Monday, March 4th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $69.60.

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About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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

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