Kempner Capital Management Inc. Buys Shares of 58,530 Eversource Energy (NYSE:ES)

Kempner Capital Management Inc. bought a new stake in shares of Eversource Energy (NYSE:ES - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 58,530 shares of the utilities provider's stock, valued at approximately $3,612,000. Eversource Energy makes up 2.0% of Kempner Capital Management Inc.'s portfolio, making the stock its 26th biggest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its stake in shares of Eversource Energy by 101,201.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 12,617,104 shares of the utilities provider's stock valued at $1,057,818,000 after buying an additional 12,604,649 shares in the last quarter. Norges Bank bought a new stake in shares of Eversource Energy in the 4th quarter valued at approximately $274,262,000. Balyasny Asset Management L.P. grew its stake in shares of Eversource Energy by 4,397.4% in the 1st quarter. Balyasny Asset Management L.P. now owns 1,072,762 shares of the utilities provider's stock valued at $83,954,000 after buying an additional 1,048,909 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Eversource Energy by 64.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,285,636 shares of the utilities provider's stock valued at $193,067,000 after buying an additional 891,641 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Eversource Energy by 19.3% in the 3rd quarter. Morgan Stanley now owns 4,464,230 shares of the utilities provider's stock valued at $259,595,000 after buying an additional 723,318 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Insider Activity at Eversource Energy

In related news, insider Faasen William C. Van sold 2,714 shares of the company's stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $54.50, for a total value of $147,913.00. Following the completion of the transaction, the insider now directly owns 19,619 shares in the company, valued at $1,069,235.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Eversource Energy news, insider Linda Dorcena Forry sold 822 shares of the company's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $58.12, for a total value of $47,774.64. Following the sale, the insider now directly owns 10,485 shares in the company, valued at $609,388.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Faasen William C. Van sold 2,714 shares of the company's stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $54.50, for a total value of $147,913.00. Following the completion of the sale, the insider now owns 19,619 shares in the company, valued at $1,069,235.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,250 shares of company stock worth $352,014. 0.41% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ES shares. Guggenheim raised Eversource Energy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $60.00 to $72.00 in a research report on Monday, January 22nd. Citigroup upped their target price on Eversource Energy from $58.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. Wells Fargo & Company upped their target price on Eversource Energy from $67.00 to $69.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 9th. UBS Group raised Eversource Energy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $62.00 to $67.00 in a research report on Thursday. Finally, Barclays decreased their target price on Eversource Energy from $66.00 to $61.00 and set an "equal weight" rating for the company in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Eversource Energy presently has an average rating of "Hold" and an average target price of $65.50.

Eversource Energy Stock Performance

Shares of ES stock traded down $0.41 during trading hours on Friday, reaching $58.51. 1,425,957 shares of the company's stock were exchanged, compared to its average volume of 2,376,825. Eversource Energy has a fifty-two week low of $52.03 and a fifty-two week high of $81.36. The stock has a market capitalization of $20.52 billion, a P/E ratio of -46.44, a P/E/G ratio of 3.13 and a beta of 0.58. The business has a fifty day moving average price of $57.73 and a 200-day moving average price of $57.93. The company has a quick ratio of 0.59, a current ratio of 0.67 and a debt-to-equity ratio of 1.66.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The utilities provider reported $0.95 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.02). The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3 billion. Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. The firm's quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. Analysts predict that Eversource Energy will post 4.52 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 5th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.89%. This is a positive change from Eversource Energy's previous quarterly dividend of $0.68. The ex-dividend date was Monday, March 4th. Eversource Energy's dividend payout ratio is presently -226.98%.

Eversource Energy 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.