Mondrian Investment Partners LTD Boosts Stock Holdings in Eversource Energy (NYSE:ES)

Mondrian Investment Partners LTD grew its holdings in Eversource Energy (NYSE:ES) by 10.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 35,654 shares of the utilities provider’s stock after buying an additional 3,425 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Eversource Energy were worth $2,022,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ES. Vanguard Personalized Indexing Management LLC raised its stake in shares of Eversource Energy by 4.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 48,228 shares of the utilities provider’s stock valued at $2,735,000 after purchasing an additional 2,224 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Eversource Energy during the second quarter valued at about $4,594,000. Dimensional Fund Advisors LP lifted its holdings in shares of Eversource Energy by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,323,319 shares of the utilities provider’s stock worth $75,051,000 after buying an additional 121,663 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Eversource Energy by 397.6% in the second quarter. Brown Brothers Harriman & Co. now owns 5,981 shares of the utilities provider’s stock valued at $339,000 after acquiring an additional 4,779 shares during the period. Finally, Plato Investment Management Ltd grew its stake in Eversource Energy by 2.5% during the second quarter. Plato Investment Management Ltd now owns 97,271 shares of the utilities provider’s stock valued at $5,516,000 after acquiring an additional 2,339 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of Eversource Energy stock in a transaction that occurred 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 directly owns 9,847 shares of the company’s stock, valued at approximately $639,464.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $64.94, for a total value of $32,470.00. Following the sale, the executive vice president now owns 9,847 shares of the company’s stock, valued at approximately $639,464.18. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Penelope M. Conner sold 815 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were 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 of the company’s stock, valued at $591,596. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Eversource Energy Trading Down 0.2 %

ES stock opened at $68.23 on Wednesday. The company has a market capitalization of $24.03 billion, a PE ratio of -57.82, a price-to-earnings-growth ratio of 2.59 and a beta of 0.61. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 0.75. Eversource Energy has a one year low of $52.03 and a one year high of $69.01. The company’s 50 day moving average price is $65.16 and its two-hundred day moving average price is $61.17.

Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, meeting the consensus estimate of $0.95. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.90 billion. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 EPS. As a group, analysts predict that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 23rd will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Monday, September 23rd. Eversource Energy’s dividend payout ratio (DPR) is presently -242.37%.

Analyst Upgrades and Downgrades

ES has been the topic of several recent analyst reports. Barclays increased their target price on shares of Eversource Energy from $65.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Monday, July 22nd. StockNews.com lowered Eversource Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. Wells Fargo & Company boosted their target price on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Morgan Stanley lifted their price target 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. Finally, Bank of America upped their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $68.93.

About Eversource Energy

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.