Generali Asset Management SPA SGR Buys 22,231 Shares of Eversource Energy $ES

Generali Asset Management SPA SGR grew its stake in shares of Eversource Energy (NYSE:ES) by 41.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,729 shares of the utilities provider’s stock after buying an additional 22,231 shares during the period. Generali Asset Management SPA SGR’s holdings in Eversource Energy were worth $5,387,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ES. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Eversource Energy by 7.9% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 419,251 shares of the utilities provider’s stock worth $26,673,000 after acquiring an additional 30,641 shares in the last quarter. Hilltop National Bank bought a new stake in Eversource Energy during the second quarter worth about $32,000. Advisors Asset Management Inc. boosted its holdings in shares of Eversource Energy by 31.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 39,391 shares of the utilities provider’s stock worth $2,506,000 after purchasing an additional 9,350 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Eversource Energy by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 45,652,661 shares of the utilities provider’s stock valued at $2,904,422,000 after purchasing an additional 691,165 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of Eversource Energy during the second quarter worth approximately $477,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Eversource Energy news, EVP James W. Hunt III sold 4,129 shares of Eversource Energy stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $72.77, for a total transaction of $300,467.33. Following the transaction, the executive vice president owned 32,415 shares of the company’s stock, valued at $2,358,839.55. The trade was a 11.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

Eversource Energy Stock Performance

Shares of ES opened at $68.05 on Friday. Eversource Energy has a one year low of $52.28 and a one year high of $75.25. The firm has a market capitalization of $25.53 billion, a P/E ratio of 18.64, a PEG ratio of 2.28 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 has a fifty day moving average of $69.15 and a 200 day moving average of $67.49.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.07. Eversource Energy had a net margin of 10.22% and a return on equity of 11.06%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the firm posted $1.13 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were paid a $0.7525 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $3.01 annualized dividend and a dividend yield of 4.4%. Eversource Energy’s dividend payout ratio (DPR) is 82.47%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BMO Capital Markets decreased their price objective on Eversource Energy from $79.00 to $77.00 and set a “market perform” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. dropped their target price on shares of Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research report on Friday, December 12th. Jefferies Financial Group restated an “underperform” rating on shares of Eversource Energy in a research report on Monday, November 24th. Scotiabank cut their price objective on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Thursday, November 20th. Finally, Bank of America raised Eversource Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $73.00 to $85.00 in a research note on Tuesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $71.27.

Eversource Energy Profile

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.