Dimensional Fund Advisors LP Acquires 38,019 Shares of Eversource Energy (NYSE:ES)

Dimensional Fund Advisors LP boosted its stake in Eversource Energy (NYSE:ES - Free Report) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,444,453 shares of the utilities provider's stock after acquiring an additional 38,019 shares during the quarter. Dimensional Fund Advisors LP owned 0.39% of Eversource Energy worth $82,954,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in Eversource Energy by 15.9% during the third quarter. Barclays PLC now owns 1,095,966 shares of the utilities provider's stock worth $74,582,000 after purchasing an additional 150,535 shares during the last quarter. Bard Financial Services Inc. boosted its stake in shares of Eversource Energy by 244.9% during the 3rd quarter. Bard Financial Services Inc. now owns 21,715 shares of the utilities provider's stock worth $1,478,000 after buying an additional 15,419 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Eversource Energy in the 3rd quarter valued at about $277,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Eversource Energy in the third quarter valued at about $270,000. Finally, Tidal Investments LLC raised its holdings in Eversource Energy by 5.2% during the third quarter. Tidal Investments LLC now owns 13,849 shares of the utilities provider's stock worth $942,000 after acquiring an additional 689 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Eversource Energy Trading Down 0.5 %

Shares of Eversource Energy stock traded down $0.29 on Friday, hitting $58.79. The stock had a trading volume of 3,877,379 shares, compared to its average volume of 2,389,248. The stock has a 50 day moving average of $59.56 and a 200 day moving average of $60.18. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.01. The firm has a market capitalization of $21.58 billion, a P/E ratio of 25.45, a PEG ratio of 2.35 and a beta of 0.58.

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

Eversource Energy Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date is Thursday, May 15th. Eversource Energy's dividend payout ratio is presently 130.30%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays reduced 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 reduced their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Scotiabank decreased their price target 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. Finally, BMO Capital Markets upped their price objective on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research report on Monday. Four analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Eversource Energy presently has an average rating of "Hold" and an average price target 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.