Mackenzie Financial Corp Grows Holdings in Eversource Energy (NYSE:ES)

Mackenzie Financial Corp grew its holdings in Eversource Energy (NYSE:ES - Free Report) by 24.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,180,828 shares of the utilities provider's stock after acquiring an additional 233,308 shares during the period. Mackenzie Financial Corp owned about 0.32% of Eversource Energy worth $67,815,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ES. Exchange Traded Concepts LLC boosted its holdings in shares of Eversource Energy by 10.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider's stock valued at $107,000 after buying an additional 176 shares during the period. UMB Bank n.a. raised its holdings in shares of Eversource Energy by 38.4% in the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock worth $41,000 after purchasing an additional 197 shares in the last quarter. Summit Trail Advisors LLC raised its holdings 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 worth $281,000 after purchasing an additional 216 shares in the last quarter. Keybank National Association OH raised 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 purchasing an additional 233 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of Eversource Energy by 3.3% during the fourth quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider's stock valued at $444,000 after acquiring an additional 245 shares during the period. Hedge funds and other institutional investors own 79.99% of the company's stock.

Insider Buying and Selling

In other news, EVP Penelope M. Conner sold 2,600 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were 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 owns 10,988 shares of the company's stock, valued at approximately $703,232. This trade represents a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by company insiders.

Eversource Energy Stock Performance

Eversource Energy stock traded up $0.41 during trading hours on Friday, hitting $64.50. The company had a trading volume of 734,266 shares, compared to its average volume of 2,423,499. The firm has a market cap of $23.70 billion, a PE ratio of 27.91, a PEG ratio of 2.35 and a beta of 0.61. 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 one year low of $52.28 and a one year high of $69.01. The firm has a 50-day moving average of $60.09 and a 200 day moving average of $59.92.

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 for the quarter, meeting the consensus estimate of $1.50. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. The firm had revenue of $4.12 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the prior year, the firm earned $1.49 EPS. The business's revenue was up 23.6% on a year-over-year basis. On average, sell-side analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 15th will be given a dividend of $0.7525 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.01 annualized dividend and a dividend yield of 4.67%. Eversource Energy's dividend payout ratio is 129.74%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ES. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $58.00 price objective (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Guggenheim restated a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Wall Street Zen upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. BMO Capital Markets raised their price target on shares of Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a report on Monday, April 28th. Finally, Wells Fargo & Company reduced their target price on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Eversource Energy presently has a consensus rating of "Hold" and a consensus target price of $65.78.

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.