Vise Technologies Inc. Buys New Stake in Eversource Energy $ES

Vise Technologies Inc. purchased a new stake in shares of Eversource Energy (NYSE:ES) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,433 shares of the utilities provider’s stock, valued at approximately $727,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ES. Trust Co. of Toledo NA OH acquired a new stake in shares of Eversource Energy in the second quarter worth $28,000. Hilltop National Bank acquired a new position in Eversource Energy in the 2nd quarter valued at approximately $32,000. True Wealth Design LLC lifted its position in shares of Eversource Energy by 540.0% in the 2nd quarter. True Wealth Design LLC now owns 608 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 513 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Eversource Energy during the 1st quarter worth approximately $46,000. Finally, Bogart Wealth LLC increased its position in shares of Eversource Energy by 100.9% during the second quarter. Bogart Wealth LLC now owns 928 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 466 shares during the period. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Price Performance

Shares of ES stock opened at $73.63 on Friday. The firm has a market cap of $27.63 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 2.64 and a beta of 0.69. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $75.25. The stock has a 50-day moving average price of $70.58 and a 200 day moving average price of $66.41. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 1.68.

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

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid 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 4.1%. Eversource Energy’s dividend payout ratio (DPR) is 82.47%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company began coverage on shares of Eversource Energy in a research note on Tuesday, October 28th. They issued an “overweight” rating and a $79.00 price objective for the company. Mizuho lifted their price objective on Eversource Energy from $72.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Bank of America upgraded Eversource Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $73.00 to $85.00 in a research report on Tuesday, October 21st. Jefferies Financial Group increased their price objective on Eversource Energy from $54.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a report on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $72.70.

Insider Buying and Selling at Eversource Energy

In other news, insider Loretta D. Keane purchased 3,780 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were purchased at an average cost of $66.07 per share, with a total value of $249,744.60. Following the completion of the purchase, the insider owned 12,033 shares of the company’s stock, valued at $795,020.31. This trade represents a 45.80% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP James W. Hunt III sold 4,129 shares of Eversource Energy stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 32,415 shares in the company, valued at approximately $2,358,839.55. This represents a 11.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.41% of the stock is currently owned by corporate insiders.

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.