Eversource Energy (NYSE:ES) Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its position in shares of Eversource Energy (NYSE:ES) by 15.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,506 shares of the utilities provider’s stock after buying an additional 1,846 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Eversource Energy were worth $766,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC raised its holdings in shares of Eversource Energy by 9.5% in the fourth quarter. Rafferty Asset Management LLC now owns 38,966 shares of the utilities provider’s stock valued at $2,405,000 after buying an additional 3,390 shares during the last quarter. Seven Eight Capital LP purchased a new stake in Eversource Energy during the 4th quarter valued at approximately $567,000. Elo Mutual Pension Insurance Co raised its stake in Eversource Energy by 4.7% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 30,477 shares of the utilities provider’s stock valued at $1,881,000 after acquiring an additional 1,361 shares during the last quarter. Wasatch Advisors LP lifted its position in Eversource Energy by 3.9% during the 4th quarter. Wasatch Advisors LP now owns 56,400 shares of the utilities provider’s stock worth $3,481,000 after acquiring an additional 2,100 shares during the period. Finally, Icon Wealth Advisors LLC purchased a new position in shares of Eversource Energy in the 4th quarter valued at approximately $709,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ES shares. Morgan Stanley boosted their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. BMO Capital Markets lifted their price objective on Eversource Energy from $70.00 to $74.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Mizuho increased their target price on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Scotiabank lifted their price target on Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Bank of America upped their price objective on Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and a consensus target price of $70.00.

Insider Activity at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the sale, the executive vice president now directly owns 9,847 shares of the company’s stock, valued at $639,464.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Penelope M. Conner sold 815 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total transaction of $53,382.50. Following the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at approximately $591,596. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Penelope M. Conner sold 500 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $64.94, for a total value of $32,470.00. Following the completion of the sale, the executive vice president now directly owns 9,847 shares in the company, valued at approximately $639,464.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Stock Down 2.0 %

Shares of NYSE ES opened at $64.10 on Tuesday. The firm’s 50-day moving average is $66.63 and its two-hundred day moving average is $61.87. The company has a market capitalization of $22.58 billion, a PE ratio of -54.32, a price-to-earnings-growth ratio of 2.54 and a beta of 0.61. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $69.01. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.75 and a quick ratio of 0.66.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.95. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.90 billion. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. Eversource Energy’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. Equities analysts anticipate that Eversource Energy will post 4.57 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s dividend payout ratio is presently -242.37%.

Eversource Energy Company 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.