MASTERINVEST Kapitalanlage GmbH Takes $814,000 Position in Eversource Energy $ES

MASTERINVEST Kapitalanlage GmbH bought a new position in Eversource Energy (NYSE:ES) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 12,796 shares of the utilities provider’s stock, valued at approximately $814,000.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Eversource Energy in the 2nd quarter worth about $274,744,000. Lazard Asset Management LLC boosted its stake in Eversource Energy by 43,905.7% in the second quarter. Lazard Asset Management LLC now owns 2,692,707 shares of the utilities provider’s stock worth $171,309,000 after buying an additional 2,686,588 shares in the last quarter. Covalis Capital LLP bought a new position in Eversource Energy during the second quarter valued at approximately $71,377,000. Panagora Asset Management Inc. raised its stake in shares of Eversource Energy by 310.1% during the second quarter. Panagora Asset Management Inc. now owns 1,110,122 shares of the utilities provider’s stock worth $70,626,000 after acquiring an additional 839,459 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Eversource Energy by 4.5% in the 1st quarter. Wellington Management Group LLP now owns 17,209,804 shares of the utilities provider’s stock worth $1,068,901,000 after acquiring an additional 739,448 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 1.1%

NYSE ES opened at $68.22 on Monday. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $75.25. The stock has a market capitalization of $25.60 billion, a PE ratio of 18.69, a PEG ratio of 2.42 and a beta of 0.76. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.71 and a quick ratio of 0.64. The business’s 50-day moving average is $70.73 and its 200 day moving average is $67.29.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Tuesday, November 4th. The utilities provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.07. Eversource Energy had a return on equity of 11.06% and a net margin of 10.22%.The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the company posted $1.13 EPS. Eversource Energy’s quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts forecast that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be paid a $0.7525 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $3.01 dividend on an annualized basis and a yield of 4.4%. Eversource Energy’s dividend payout ratio (DPR) is presently 82.47%.

Insiders Place Their Bets

In related news, EVP James W. Hunt III sold 4,129 shares of Eversource Energy stock in a transaction on Friday, November 7th. The shares were sold at an average price of $72.77, for a total value of $300,467.33. Following the sale, the executive vice president owned 32,415 shares in the company, valued at $2,358,839.55. The trade was a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company lowered shares of Eversource Energy from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $79.00 to $63.00 in a report on Wednesday, November 19th. TD Cowen started coverage on Eversource Energy in a report on Thursday, October 16th. They issued a “hold” rating and a $76.00 price objective on the stock. BMO Capital Markets lowered their target price on Eversource Energy from $79.00 to $77.00 and set a “market perform” rating for the company in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research report on Friday, October 31st. Finally, Scotiabank decreased their price target on Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Thursday, November 20th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and a consensus price target of $71.73.

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.