Cetera Investment Advisers Boosts Position in Eversource Energy (NYSE:ES)

Cetera Investment Advisers grew its stake in Eversource Energy (NYSE:ES - Free Report) by 14.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,188 shares of the utilities provider's stock after acquiring an additional 12,382 shares during the quarter. Cetera Investment Advisers' holdings in Eversource Energy were worth $5,582,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ES. Centiva Capital LP purchased a new position in shares of Eversource Energy during the 4th quarter worth $376,000. Captrust Financial Advisors grew its holdings in shares of Eversource Energy by 1.4% during the 4th quarter. Captrust Financial Advisors now owns 36,957 shares of the utilities provider's stock worth $2,122,000 after purchasing an additional 505 shares during the period. Baird Financial Group Inc. grew its holdings in shares of Eversource Energy by 131.3% during the 4th quarter. Baird Financial Group Inc. now owns 52,321 shares of the utilities provider's stock worth $3,005,000 after purchasing an additional 29,702 shares during the period. Benjamin Edwards Inc. grew its holdings in shares of Eversource Energy by 12.3% during the 4th quarter. Benjamin Edwards Inc. now owns 17,923 shares of the utilities provider's stock worth $1,029,000 after purchasing an additional 1,969 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Eversource Energy by 59.1% during the 4th quarter. BNP Paribas Financial Markets now owns 951,381 shares of the utilities provider's stock worth $54,638,000 after purchasing an additional 353,278 shares during the period. 79.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ES has been the subject of a number of research analyst reports. Barclays lowered their price target on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. Wells Fargo & Company lowered their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Jefferies Financial Group lowered their price target on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. StockNews.com raised Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday. Finally, Scotiabank dropped 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. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $65.78.

Insider Transactions at Eversource Energy

In related news, VP Jay S. Buth sold 980 shares of the business's stock in a transaction that occurred 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 completion of the sale, the vice president now owns 24,374 shares in the company, valued at $1,535,318.26. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frederica M. Williams sold 3,092 shares of the business'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 value of $192,507.92. Following the sale, the insider now owns 22,671 shares of the company's stock, valued at approximately $1,411,496.46. The trade was 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 Trading Up 0.6%

NYSE ES traded up $0.36 during trading on Monday, hitting $63.56. The stock had a trading volume of 1,887,683 shares, compared to its average volume of 2,413,657. The company has a market capitalization of $23.35 billion, a PE ratio of 27.52, a PEG ratio of 2.35 and a beta of 0.61. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The firm has a 50 day moving average price of $59.66 and a 200 day moving average price of $59.77. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.01.

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

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Thursday, May 15th. Eversource Energy's dividend payout ratio is presently 129.74%.

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.