BI Asset Management Fondsmaeglerselskab A S decreased its position in Eversource Energy (NYSE:ES - Free Report) by 44.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,351 shares of the utilities provider's stock after selling 9,110 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Eversource Energy were worth $652,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Eversource Energy by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock valued at $2,561,936,000 after buying an additional 1,387,072 shares during the last quarter. Wellington Management Group LLP boosted its stake in Eversource Energy by 38.6% in the 4th quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock worth $945,893,000 after purchasing an additional 4,585,232 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Eversource Energy by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider's stock valued at $570,500,000 after purchasing an additional 226,972 shares during the last quarter. Geode Capital Management LLC increased its stake in Eversource Energy by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider's stock valued at $547,550,000 after purchasing an additional 517,042 shares in the last quarter. Finally, FMR LLC increased its stake in Eversource Energy by 4.8% during the 4th quarter. FMR LLC now owns 7,352,593 shares of the utilities provider's stock valued at $422,259,000 after purchasing an additional 333,529 shares in the last quarter. Institutional investors own 79.99% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. Guggenheim reiterated a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $58.00 price target (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Scotiabank decreased their target price on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a research report on Thursday, February 13th. StockNews.com cut shares of Eversource Energy from a "hold" rating to a "sell" rating in a report on Friday. Finally, Jefferies Financial Group dropped their target price on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $65.78.
Check Out Our Latest Report on ES
Insider Transactions at Eversource Energy
In other news, VP Jay S. Buth sold 980 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.99, for a total transaction of $61,730.20. Following the sale, the vice president now directly owns 24,374 shares in the company, valued at $1,535,318.26. This trade represents a 3.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total transaction of $192,507.92. Following the transaction, the insider now owns 22,671 shares in the company, valued at approximately $1,411,496.46. This trade represents a 12.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company's stock.
Eversource Energy Stock Performance
Shares of ES traded up $0.19 on Tuesday, reaching $59.29. The company's stock had a trading volume of 2,203,064 shares, compared to its average volume of 2,365,532. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $69.01. The stock has a market capitalization of $21.76 billion, a P/E ratio of 25.67, a PEG ratio of 2.35 and a beta of 0.58. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. The stock's 50 day simple moving average is $59.79 and its two-hundred day simple moving average is $60.22.
Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. Research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.
Eversource Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th were given a $0.7525 dividend. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date was Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 5.08%. Eversource Energy's dividend payout ratio is presently 130.30%.
About Eversource Energy
(
Free Report)
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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