International Assets Investment Management LLC Invests $98.36 Million in Eversource Energy (NYSE:ES)

International Assets Investment Management LLC bought a new position in Eversource Energy (NYSE:ES - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 159,361 shares of the utilities provider's stock, valued at approximately $98,360,000.

Several other large investors have also recently bought and sold shares of ES. American National Bank bought a new position in shares of Eversource Energy in the third quarter worth approximately $25,000. Quarry LP grew its stake in Eversource Energy by 275.0% in the 1st quarter. Quarry LP now owns 315 shares of the utilities provider's stock worth $25,000 after buying an additional 231 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Eversource Energy in the 4th quarter worth $26,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Eversource Energy during the 4th quarter valued at $27,000. Finally, UMB Bank n.a. lifted its holdings in shares of Eversource Energy by 130.9% during the 3rd quarter. UMB Bank n.a. now owns 642 shares of the utilities provider's stock worth $37,000 after acquiring an additional 364 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other news, insider Faasen William C. Van sold 2,714 shares of the business's stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $54.50, for a total transaction of $147,913.00. Following the sale, the insider now owns 19,619 shares in the company, valued at approximately $1,069,235.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Eversource Energy news, insider Faasen William C. Van sold 2,714 shares of Eversource Energy stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $54.50, for a total transaction of $147,913.00. Following the completion of the transaction, the insider now owns 19,619 shares in the company, valued at $1,069,235.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Linda Dorcena Forry sold 822 shares of the firm's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $58.12, for a total value of $47,774.64. Following the transaction, the insider now owns 10,485 shares of the company's stock, valued at $609,388.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,250 shares of company stock valued at $352,014. Corporate insiders own 0.41% of the company's stock.

Eversource Energy Trading Down 0.7 %

Shares of Eversource Energy stock traded down $0.41 during trading on Friday, reaching $58.51. 1,425,957 shares of the stock were exchanged, compared to its average volume of 2,376,825. Eversource Energy has a 1 year low of $52.03 and a 1 year high of $81.36. The firm has a market cap of $20.52 billion, a price-to-earnings ratio of -46.44, a price-to-earnings-growth ratio of 3.11 and a beta of 0.58. The company has a quick ratio of 0.59, a current ratio of 0.67 and a debt-to-equity ratio of 1.66. The stock's fifty day moving average is $57.73 and its 200 day moving average is $57.84.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.02). Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. The business had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $3 billion. During the same quarter last year, the business posted $0.92 EPS. The company's quarterly revenue was down 11.1% compared to the same quarter last year. As a group, equities research analysts expect that Eversource Energy will post 4.52 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th were given a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.89%. This is a boost from Eversource Energy's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Monday, March 4th. Eversource Energy's dividend payout ratio (DPR) is currently -226.98%.

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.