Centiva Capital LP Takes Position in Eversource Energy (NYSE:ES)

Centiva Capital LP acquired a new position in Eversource Energy (NYSE:ES - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,552 shares of the utilities provider's stock, valued at approximately $376,000.

A number of other large investors have also recently made changes to their positions in the business. Exchange Traded Concepts LLC increased its position in shares of Eversource Energy by 10.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider's stock worth $107,000 after purchasing an additional 176 shares during the last quarter. UMB Bank n.a. increased its position in shares of Eversource Energy by 38.4% during the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 197 shares during the last quarter. Summit Trail Advisors LLC raised its stake in shares of Eversource Energy by 4.6% in the 4th quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider's stock valued at $281,000 after acquiring an additional 216 shares during the period. Keybank National Association OH lifted its holdings in shares of Eversource Energy by 2.6% in the 4th quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider's stock worth $522,000 after acquiring an additional 233 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in shares of Eversource Energy by 3.3% during the 4th quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider's stock worth $444,000 after purchasing an additional 245 shares during the period. 79.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Eversource Energy

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

Eversource Energy Stock Up 1.6%

Shares of Eversource Energy stock traded up $0.97 during trading on Thursday, hitting $62.32. 2,942,738 shares of the stock were exchanged, compared to its average volume of 2,416,093. The stock has a market cap of $22.90 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. The firm's 50-day moving average price is $59.51 and its 200 day moving average price is $59.89. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the firm earned $1.49 EPS. The company's revenue was up 23.6% compared to the same quarter last year. As a group, analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Thursday, May 15th. Eversource Energy's dividend payout ratio (DPR) is 129.74%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ES shares. Scotiabank cut 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. Wells Fargo & Company cut their price objective on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. BMO Capital Markets increased their target price on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research note on Monday, April 28th. Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Finally, Barclays reduced their price target on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. Three investment 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's stock. According to MarketBeat, Eversource Energy presently has an average rating of "Hold" and an average target price of $65.78.

About Eversource Energy

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.