Mondrian Investment Partners LTD Has $2.02 Million Holdings in Eversource Energy (NYSE:ES)

Mondrian Investment Partners LTD raised its position in Eversource Energy (NYSE:ES) by 10.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 35,654 shares of the utilities provider’s stock after purchasing an additional 3,425 shares during the period. Mondrian Investment Partners LTD’s holdings in Eversource Energy were worth $2,022,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. ClearBridge Investments Ltd bought a new stake in Eversource Energy in the first quarter worth approximately $156,093,000. Norges Bank acquired a new stake in shares of Eversource Energy during the 4th quarter worth approximately $149,906,000. Zimmer Partners LP increased its stake in shares of Eversource Energy by 730.4% in the 1st quarter. Zimmer Partners LP now owns 2,537,095 shares of the utilities provider’s stock valued at $151,642,000 after acquiring an additional 2,231,585 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Eversource Energy by 65.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,868,360 shares of the utilities provider’s stock valued at $227,929,000 after acquiring an additional 1,524,341 shares during the period. Finally, M&G Plc bought a new position in Eversource Energy during the first quarter worth $83,539,000. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Down 0.2 %

ES opened at $68.23 on Wednesday. Eversource Energy has a fifty-two week low of $52.03 and a fifty-two week high of $69.01. The firm has a market capitalization of $24.03 billion, a P/E ratio of -57.82, a PEG ratio of 2.59 and a beta of 0.61. The company’s 50-day moving average is $65.16 and its 200 day moving average is $61.17. 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 EPS for the quarter, hitting the consensus estimate of $0.95. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The company’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. Research analysts expect that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have weighed in on ES. BMO Capital Markets decreased their price target on shares of Eversource Energy from $73.00 to $70.00 and set a “market perform” rating for the company in a research note on Monday, August 19th. Morgan Stanley upped their price target on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Barclays raised their price objective on Eversource Energy from $65.00 to $69.00 and gave the company an “equal weight” rating in a research note on Monday, July 22nd. Bank of America upped their target price on Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, StockNews.com lowered shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $68.93.

Insider Activity

In related news, EVP Penelope M. Conner sold 500 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were 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 this link. In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total transaction of $53,382.50. Following the completion of the transaction, the executive vice president now directly owns 9,032 shares of the company’s stock, valued at $591,596. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Penelope M. Conner sold 500 shares of the business’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 completion of the sale, the executive vice president now owns 9,847 shares in the company, valued at $639,464.18. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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.