Eversource Energy (NYSE:ES) Shares Bought by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in Eversource Energy (NYSE:ES - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,323,851 shares of the utilities provider's stock after acquiring an additional 123,808 shares during the quarter. First Trust Advisors LP owned 0.36% of Eversource Energy worth $76,029,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ES. Exchange Traded Concepts LLC grew its stake in 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 in the last quarter. UMB Bank n.a. grew its position in Eversource Energy by 38.4% during the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock worth $41,000 after acquiring an additional 197 shares during the last quarter. Summit Trail Advisors LLC grew its position in Eversource Energy by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider's stock worth $281,000 after acquiring an additional 216 shares during the last quarter. Keybank National Association OH grew its position 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 buying an additional 233 shares during the last quarter. Finally, Whittier Trust Co. grew its position in shares of Eversource Energy by 3.3% in the 4th quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider's stock worth $444,000 after buying an additional 245 shares during the last quarter. Institutional investors own 79.99% of the company's stock.

Eversource Energy Stock Down 1.1 %

ES stock traded down $0.67 during trading on Friday, hitting $57.86. 2,992,213 shares of the company's stock traded hands, compared to its average volume of 2,345,697. The firm has a market capitalization of $21.24 billion, a P/E ratio of 25.05, a PEG ratio of 2.35 and a beta of 0.58. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $69.01. 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 business has a fifty day simple moving average of $59.86 and a two-hundred day simple moving average of $60.26.

Eversource Energy (NYSE:ES - Get Free Report) last announced its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. Sell-side analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th were issued a $0.7525 dividend. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 5.20%. Eversource Energy's payout ratio is presently 130.30%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ES. Barclays cut their target price on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Jefferies Financial Group reduced their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 28th. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. StockNews.com lowered shares of Eversource Energy from a "hold" rating to a "sell" rating in a report on Friday. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Eversource Energy has an average rating of "Hold" and an average price target of $65.78.

Insider Buying and Selling at Eversource Energy

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

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.