Eversource Energy (NYSE:ES) Stake Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in Eversource Energy (NYSE:ES - Free Report) by 93.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 62,974 shares of the utilities provider's stock after buying an additional 30,485 shares during the quarter. Quantinno Capital Management LP's holdings in Eversource Energy were worth $3,617,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ES. Vanguard Group Inc. increased its stake in shares of Eversource Energy by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock worth $2,561,936,000 after acquiring an additional 1,387,072 shares during the period. Wellington Management Group LLP raised its position in Eversource Energy by 38.6% in the fourth quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock worth $945,893,000 after acquiring an additional 4,585,232 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Eversource Energy by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider's stock worth $570,500,000 after buying an additional 226,972 shares during the period. Geode Capital Management LLC increased its holdings in Eversource Energy by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider's stock valued at $547,550,000 after buying an additional 517,042 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Eversource Energy by 4.8% during the 4th quarter. FMR LLC now owns 7,352,593 shares of the utilities provider's stock valued at $422,259,000 after acquiring an additional 333,529 shares during the period. Hedge funds and other institutional investors own 79.99% of the company's stock.

Insiders Place Their Bets

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the 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 transaction, the executive vice president now owns 10,988 shares of the company's stock, valued at $703,232. This trade represents a 19.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is owned by company insiders.

Eversource Energy Stock Up 0.4%

Shares of NYSE:ES traded up $0.28 during mid-day trading on Friday, hitting $63.34. 709,893 shares of the company traded hands, compared to its average volume of 2,915,823. The firm has a market cap of $23.27 billion, a P/E ratio of 27.42, a PEG ratio of 2.35 and a beta of 0.61. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $69.01. The firm's 50 day simple moving average is $59.85 and its 200 day simple moving average is $59.83. 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 (NYSE:ES - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, meeting analysts' consensus estimates of $1.50. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. The company had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the prior year, the company posted $1.49 EPS. The firm's revenue for the quarter was up 23.6% on a year-over-year basis. On average, equities analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.7525 per share. 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 4.75%. Eversource Energy's dividend payout ratio (DPR) is 129.74%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ES. Jefferies Financial Group decreased their target price on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 28th. BMO Capital Markets raised their target price 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, April 28th. JPMorgan Chase & Co. reiterated 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. Wall Street Zen upgraded Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Eversource Energy has a consensus 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.