Eversource Energy (NYSE:ES) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its stake in Eversource Energy (NYSE:ES - Free Report) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,525 shares of the utilities provider's stock after purchasing an additional 8,995 shares during the quarter. Ameriprise Financial Inc.'s holdings in Eversource Energy were worth $7,494,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Eversource Energy by 33.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,231 shares of the utilities provider's stock worth $2,306,000 after acquiring an additional 9,981 shares during the last quarter. Everett Harris & Co. CA boosted its stake in Eversource Energy by 125.2% during the 4th quarter. Everett Harris & Co. CA now owns 8,093 shares of the utilities provider's stock valued at $465,000 after acquiring an additional 4,500 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Eversource Energy by 12.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 73,096 shares of the utilities provider's stock valued at $4,198,000 after acquiring an additional 7,967 shares during the last quarter. Boston Trust Walden Corp boosted its stake in Eversource Energy by 3.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,002,004 shares of the utilities provider's stock valued at $57,545,000 after acquiring an additional 28,725 shares during the last quarter. Finally, Savant Capital LLC boosted its stake in Eversource Energy by 2.9% during the 4th quarter. Savant Capital LLC now owns 12,202 shares of the utilities provider's stock valued at $701,000 after acquiring an additional 347 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Performance

ES stock traded up $1.20 during midday trading on Tuesday, reaching $64.66. The company had a trading volume of 2,259,979 shares, compared to its average volume of 2,430,186. 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 stock has a 50 day moving average price of $59.98 and a 200 day moving average price of $59.88. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01. The firm has a market capitalization of $23.76 billion, a PE ratio of 27.99, a P/E/G ratio of 2.35 and a beta of 0.61.

Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $1.50 EPS for the quarter, meeting analysts' consensus estimates of $1.50. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. The company 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 firm posted $1.49 earnings per share. Eversource Energy's quarterly revenue was up 23.6% compared to the same quarter last year. Analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 15th will be paid a $0.7525 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a yield of 4.66%. Eversource Energy's payout ratio is currently 129.74%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ES shares. Scotiabank reduced their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research note on Thursday, February 13th. Wall Street Zen raised Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. BMO Capital Markets boosted their price objective on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a report on Monday, April 28th. JPMorgan Chase & Co. reissued 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. Finally, Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Three 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 MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $65.78.

Insider Buying and Selling at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total transaction of $166,400.00. Following the completion of the transaction, the executive vice president now directly owns 10,988 shares in the company, valued at approximately $703,232. The trade was a 19.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by insiders.

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.