nVerses Capital LLC Acquires 6,200 Shares of Eversource Energy (NYSE:ES)

nVerses Capital LLC increased its holdings in shares of Eversource Energy (NYSE:ES) by 72.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,700 shares of the utilities provider’s stock after acquiring an additional 6,200 shares during the quarter. nVerses Capital LLC’s holdings in Eversource Energy were worth $1,000,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ES. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Eversource Energy by 65.0% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,868,360 shares of the utilities provider’s stock worth $227,929,000 after purchasing an additional 1,524,341 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Eversource Energy by 0.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 3,385,281 shares of the utilities provider’s stock valued at $191,979,000 after acquiring an additional 20,207 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Eversource Energy by 12.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,135,652 shares of the utilities provider’s stock valued at $177,823,000 after acquiring an additional 354,429 shares during the last quarter. ClearBridge Investments Ltd bought a new position in Eversource Energy during the 1st quarter valued at approximately $156,093,000. Finally, Zimmer Partners LP raised its position in Eversource Energy by 730.4% during the 1st quarter. Zimmer Partners LP now owns 2,537,095 shares of the utilities provider’s stock valued at $151,642,000 after purchasing an additional 2,231,585 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Insider Activity at Eversource Energy

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

Analyst Ratings Changes

Several analysts have commented on the company. Wells Fargo & Company increased their target price on Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Mizuho raised their target price on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Bank of America raised their price target on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. BMO Capital Markets cut their price objective on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday. Finally, Morgan Stanley boosted their target price on Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and an average price target of $70.07.

Eversource Energy Trading Down 0.6 %

Shares of NYSE:ES traded down $0.40 during mid-day trading on Thursday, reaching $65.35. 159,587 shares of the company were exchanged, compared to its average volume of 2,417,489. The firm has a market cap of $23.02 billion, a price-to-earnings ratio of -55.72, a P/E/G ratio of 2.47 and a beta of 0.61. Eversource Energy has a 1 year low of $52.03 and a 1 year 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. The firm’s 50-day simple moving average is $66.42 and its 200 day simple moving average is $62.18.

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

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s payout ratio is currently -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.