CANADA LIFE ASSURANCE Co Purchases 56,408 Shares of Eversource Energy (NYSE:ES)

CANADA LIFE ASSURANCE Co grew its position in Eversource Energy (NYSE:ES - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 640,581 shares of the utilities provider's stock after purchasing an additional 56,408 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.17% of Eversource Energy worth $36,757,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ES. Marshall Wace LLP grew its stake in shares of Eversource Energy by 134.0% during the 4th quarter. Marshall Wace LLP now owns 53,179 shares of the utilities provider's stock worth $3,054,000 after acquiring an additional 30,455 shares in the last quarter. Zacks Investment Management acquired a new position in Eversource Energy during the fourth quarter worth $882,000. Jump Financial LLC grew its position in Eversource Energy by 100.3% in the fourth quarter. Jump Financial LLC now owns 14,650 shares of the utilities provider's stock valued at $841,000 after purchasing an additional 7,336 shares in the last quarter. Guggenheim Capital LLC increased its stake in Eversource Energy by 13.9% in the 4th quarter. Guggenheim Capital LLC now owns 104,192 shares of the utilities provider's stock valued at $5,984,000 after buying an additional 12,750 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in Eversource Energy during the 4th quarter worth about $252,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Eversource Energy

In other news, insider Frederica M. Williams sold 3,092 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now owns 22,671 shares of the company's stock, valued at approximately $1,411,496.46. This represents a 12.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $61,730.20. Following the completion of the sale, the vice president now directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Scotiabank lowered their target price on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $58.00 price objective (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Wells Fargo & Company decreased their target price on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group dropped their price target on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 28th. Finally, StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $65.78.

Eversource Energy Stock Performance

Shares of NYSE:ES traded up $0.77 during trading on Thursday, reaching $58.73. 1,071,040 shares of the stock were exchanged, compared to its average volume of 2,855,651. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $69.01. The stock has a 50-day moving average price of $59.99 and a 200-day moving average price of $60.38. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. The firm has a market cap of $21.56 billion, a PE ratio of 25.42, a PEG ratio of 2.35 and a beta of 0.58.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. Research analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.7525 per share. The ex-dividend date was Tuesday, March 4th. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a dividend yield of 5.13%. Eversource Energy's dividend payout ratio (DPR) is currently 130.30%.

Eversource Energy Company 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.