LSV Asset Management Invests $2.22 Million in Eversource Energy (NYSE:ES)

LSV Asset Management purchased a new position in Eversource Energy (NYSE:ES - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,700 shares of the utilities provider's stock, valued at approximately $2,223,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Eversource Energy by 33.0% in the 4th 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. Verity & Verity LLC purchased a new position in Eversource Energy during the fourth quarter worth about $744,000. Nordea Investment Management AB boosted its holdings in Eversource Energy by 41.7% in the 4th quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider's stock valued at $99,554,000 after purchasing an additional 510,582 shares during the last quarter. Everett Harris & Co. CA grew its stake in shares of Eversource Energy by 125.2% in the 4th quarter. Everett Harris & Co. CA now owns 8,093 shares of the utilities provider's stock valued at $465,000 after buying an additional 4,500 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Eversource Energy by 12.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 73,096 shares of the utilities provider's stock worth $4,198,000 after buying an additional 7,967 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Down 1.2 %

Shares of NYSE:ES traded down $0.68 during trading on Friday, hitting $57.38. The company's stock had a trading volume of 3,762,639 shares, compared to its average volume of 2,335,259. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01. The business has a 50 day moving average price of $60.22 and a two-hundred day moving average price of $60.48. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $21.06 billion, a PE ratio of 24.84, a P/E/G ratio of 2.35 and a beta of 0.58.

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

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 4th were paid a $0.7525 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 5.25%. This is an increase from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's payout ratio is currently 130.30%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ES. Guggenheim reiterated a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. StockNews.com upgraded Eversource Energy from a "sell" rating to a "hold" rating in a report on Monday, April 14th. Jefferies Financial Group cut their price objective on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a research report on Tuesday, January 28th. Scotiabank decreased their target price on shares of 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, Barclays dropped their price target on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $65.78.

Insiders Place Their Bets

In related news, insider Frederica M. Williams sold 3,092 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 22,671 shares in the company, valued at $1,411,496.46. The trade was a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jay S. Buth sold 980 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.99, for a total transaction of $61,730.20. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company 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.