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Veriti Management LLC Acquires 664 Shares of Eversource Energy (NYSE:ES)

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Veriti Management LLC lifted its position in Eversource Energy (NYSE:ES – Get Rating) by 24.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,381 shares of the utilities provider's stock after purchasing an additional 664 shares during the period. Veriti Management LLC's holdings in Eversource Energy were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Destiny Wealth Partners LLC grew its stake in Eversource Energy by 134.0% during the second quarter. Destiny Wealth Partners LLC now owns 2,539 shares of the utilities provider's stock valued at $214,000 after acquiring an additional 1,454 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Eversource Energy by 0.8% during the second quarter. IFM Investors Pty Ltd now owns 98,693 shares of the utilities provider's stock valued at $8,337,000 after acquiring an additional 779 shares in the last quarter. Raymond James Trust N.A. grew its stake in Eversource Energy by 2.6% during the second quarter. Raymond James Trust N.A. now owns 4,803 shares of the utilities provider's stock valued at $405,000 after acquiring an additional 121 shares in the last quarter. Steph & Co. grew its stake in Eversource Energy by 15.3% during the second quarter. Steph & Co. now owns 2,160 shares of the utilities provider's stock valued at $182,000 after acquiring an additional 287 shares in the last quarter. Finally, Atticus Wealth Management LLC grew its stake in Eversource Energy by 88.1% during the second quarter. Atticus Wealth Management LLC now owns 427 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. 78.40% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Eversource Energy

In related news, VP Gregory B. Butler sold 5,000 shares of Eversource Energy stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $91.33, for a total transaction of $456,650.00. Following the completion of the sale, the vice president now owns 71,814 shares in the company, valued at approximately $6,558,772.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.38% of the stock is currently owned by company insiders.

Eversource Energy Price Performance

Eversource Energy stock opened at $79.58 on Friday. The firm has a 50-day moving average price of $89.65 and a 200-day moving average price of $88.25. The firm has a market capitalization of $27.57 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 3.16 and a beta of 0.44. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 1.30. Eversource Energy has a 12-month low of $77.07 and a 12-month high of $94.63.

Eversource Energy (NYSE:ES – Get Rating) last released its earnings results on Thursday, July 28th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. Eversource Energy had a net margin of 12.06% and a return on equity of 9.58%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.31 billion. As a group, equities research analysts forecast that Eversource Energy will post 4.11 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 26th will be issued a dividend of $0.6375 per share. The ex-dividend date is Friday, September 23rd. This represents a $2.55 dividend on an annualized basis and a yield of 3.20%. Eversource Energy's payout ratio is 66.58%.

Analyst Ratings Changes

ES has been the subject of several research analyst reports. Wolfe Research raised shares of Eversource Energy from a "peer perform" rating to an "outperform" rating and set a $96.00 target price for the company in a research note on Monday, August 1st. UBS Group lifted their price objective on shares of Eversource Energy to $89.00 in a research note on Tuesday, September 6th. Barclays dropped their price objective on shares of Eversource Energy from $97.00 to $89.00 and set an "equal weight" rating for the company in a research note on Monday, July 18th. Morgan Stanley dropped their price objective on shares of Eversource Energy from $96.00 to $94.00 and set an "equal weight" rating for the company in a research note on Thursday, September 22nd. Finally, Credit Suisse Group lifted their price objective on shares of Eversource Energy to $90.00 in a research note on Tuesday, August 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $92.00.

About Eversource Energy

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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.

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