Asset Management One Co. Ltd. Sells 40,918 Shares of Eversource Energy (NYSE:ES)

Asset Management One Co. Ltd. decreased its holdings in Eversource Energy (NYSE:ES - Free Report) by 21.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,288 shares of the utilities provider's stock after selling 40,918 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Eversource Energy were worth $9,250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ES. Moneta Group Investment Advisors LLC boosted its holdings in Eversource Energy by 101,201.5% in the fourth 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 acquiring an additional 12,604,649 shares during the last quarter. Norges Bank purchased a new stake in shares of Eversource Energy during the 4th quarter worth about $274,262,000. Balyasny Asset Management L.P. increased its position in shares of Eversource Energy by 4,397.4% in the first quarter. Balyasny Asset Management L.P. now owns 1,072,762 shares of the utilities provider's stock worth $83,954,000 after acquiring an additional 1,048,909 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in 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 purchasing an additional 891,641 shares in the last quarter. Finally, Morgan Stanley lifted its stake in shares of Eversource Energy by 19.3% during the third quarter. Morgan Stanley now owns 4,464,230 shares of the utilities provider's stock worth $259,595,000 after purchasing an additional 723,318 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

Insiders Place Their Bets

In other Eversource Energy news, insider Faasen William C. Van sold 2,714 shares of the business's stock in a transaction dated Thursday, January 18th. The shares were 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 directly owns 19,619 shares of the company's stock, valued at approximately $1,069,235.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Linda Dorcena Forry sold 822 shares of Eversource Energy stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.12, for a total transaction 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 SEC, which is available through the SEC website. Also, insider Faasen William C. Van sold 2,714 shares of the stock in a transaction dated Thursday, January 18th. The shares were 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 of the company's stock, valued at approximately $1,069,235.50. The disclosure for this sale can be found here. Insiders have sold 6,250 shares of company stock valued at $352,014 over the last three months. Company insiders own 0.29% of the company's stock.

Eversource Energy Stock Performance

Shares of ES stock traded up $0.49 on Tuesday, hitting $59.96. 1,822,033 shares of the stock traded hands, compared to its average volume of 3,095,830. The company's fifty day moving average is $57.81 and its 200 day moving average is $57.81. Eversource Energy has a 1-year low of $52.03 and a 1-year high of $80.53. The company has a market capitalization of $21.03 billion, a PE ratio of -47.21, a PEG ratio of 3.10 and a beta of 0.58. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.67 and a quick ratio of 0.59.

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

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 5th were paid a dividend of $0.715 per share. This is an increase from Eversource Energy's previous quarterly dividend of $0.68. This represents a $2.86 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date of this dividend was Monday, March 4th. Eversource Energy's dividend payout ratio is presently -226.98%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ES shares. Mizuho upgraded Eversource Energy from a "neutral" rating to a "buy" rating and raised their target price for the company from $54.00 to $62.00 in a report on Thursday, February 15th. Wells Fargo & Company upped their target price on shares of Eversource Energy from $67.00 to $69.00 and gave the company an "overweight" rating in a research note on Tuesday, January 9th. UBS Group raised shares of Eversource Energy from a "neutral" rating to a "buy" rating and raised their price target for the company from $62.00 to $67.00 in a report on Thursday, April 4th. StockNews.com upgraded shares of Eversource Energy to a "sell" rating in a report on Thursday, March 28th. Finally, Guggenheim raised shares of Eversource Energy from a "neutral" rating to a "buy" rating and upped their price objective for the company from $60.00 to $72.00 in a research report on Monday, January 22nd. One investment 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $65.50.

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.