Canada Post Corp Registered Pension Plan Invests $252,000 in Eversource Energy (NYSE:ES)

Canada Post Corp Registered Pension Plan bought a new position in Eversource Energy (NYSE:ES - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,390 shares of the utilities provider's stock, valued at approximately $252,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mizuho Bank Ltd. bought a new position in Eversource Energy in the 4th quarter worth $26,000. Kestra Investment Management LLC bought a new position in shares of Eversource Energy during the 4th quarter valued at approximately $29,000. Assetmark Inc. raised its stake in Eversource Energy by 99.2% during the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after acquiring an additional 254 shares during the period. Venturi Wealth Management LLC lifted its holdings in Eversource Energy by 104.5% during the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 301 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Eversource Energy in the fourth quarter worth $35,000. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Eversource Energy news, VP Jay S. Buth sold 980 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following the sale, the vice president now owns 24,374 shares of the company's stock, valued at approximately $1,535,318.26. This trade represents a 3.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frederica M. Williams sold 3,092 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total value of $192,507.92. Following the sale, the insider now owns 22,671 shares of the company's stock, valued at $1,411,496.46. This trade represents a 12.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Eversource Energy Trading Up 3.0 %

Shares of NYSE:ES traded up $1.68 during trading hours on Tuesday, hitting $58.06. 195,366 shares of the company's stock traded hands, compared to its average volume of 2,325,545. 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 business has a fifty day moving average price of $60.15 and a 200-day moving average price of $60.41. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $69.01. The firm has a market capitalization of $21.31 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, topping 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%. Equities analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 4th were issued a $0.7525 dividend. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.18%. Eversource Energy's payout ratio is presently 130.30%.

Analyst Ratings Changes

ES has been the subject of a number of analyst reports. Barclays cut their price target on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Finally, Wells Fargo & Company lowered their price target on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $65.78.

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.