Eversource Energy (NYSE:ES) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 69.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 300,885 shares of the utilities provider's stock after acquiring an additional 123,278 shares during the period. Allspring Global Investments Holdings LLC owned 0.09% of Eversource Energy worth $18,571,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ES. Moneta Group Investment Advisors LLC lifted its position in shares of Eversource Energy by 101,201.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 12,617,104 shares of the utilities provider's stock worth $1,057,818,000 after acquiring an additional 12,604,649 shares in the last quarter. Norges Bank purchased a new stake in shares of Eversource Energy during the fourth quarter worth $274,262,000. Balyasny Asset Management L.P. lifted its position in shares of Eversource Energy by 4,397.4% during 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. lifted its position in shares of Eversource Energy by 64.0% during the second quarter. Goldman Sachs Group Inc. now owns 2,285,636 shares of the utilities provider's stock worth $193,067,000 after acquiring an additional 891,641 shares in the last quarter. Finally, Morgan Stanley lifted its position 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 acquiring an additional 723,318 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ES. BMO Capital Markets upped their price target on shares of Eversource Energy from $63.00 to $64.00 and gave the stock a "market perform" rating in a report on Thursday, February 15th. StockNews.com raised shares of Eversource Energy to a "sell" rating in a report on Thursday, March 28th. Wells Fargo & Company upped their price target on shares of Eversource Energy from $67.00 to $69.00 and gave the stock an "overweight" rating in a report on Tuesday, January 9th. Citigroup upped their price target on shares of Eversource Energy from $58.00 to $62.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Finally, The Goldman Sachs Group began coverage on shares of Eversource Energy in a report on Wednesday, April 10th. They issued a "buy" rating and a $73.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Eversource Energy presently has an average rating of "Hold" and an average price target of $66.08.

Insiders Place Their Bets

In other news, insider Linda Dorcena Forry sold 822 shares of Eversource Energy stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $58.12, for a total transaction of $47,774.64. Following the completion of the transaction, the insider now directly owns 10,485 shares in the company, valued at $609,388.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Linda Dorcena Forry sold 822 shares of Eversource Energy stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $58.12, for a total transaction of $47,774.64. Following the completion of the transaction, the insider now directly owns 10,485 shares in the company, valued at $609,388.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Faasen William C. Van sold 2,714 shares of the firm's stock in a transaction that occurred 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 directly 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 sold 6,250 shares of company stock worth $352,014 over the last three months. Company insiders own 0.41% of the company's stock.

Eversource Energy Trading Down 0.9 %

Shares of Eversource Energy stock traded down $0.55 during trading on Monday, reaching $58.24. 2,128,880 shares of the stock were exchanged, compared to its average volume of 3,034,843. 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 has a 1 year low of $52.03 and a 1 year high of $79.92. The stock's fifty day moving average is $58.15 and its 200 day moving average is $57.77. The firm has a market cap of $20.43 billion, a price-to-earnings ratio of -45.83, a price-to-earnings-growth ratio of 3.12 and a beta of 0.58.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.95 EPS 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 company had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $3 billion. During the same quarter last year, the business earned $0.92 earnings per share. The business's quarterly revenue was down 11.1% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Tuesday, March 5th were issued a $0.715 dividend. The ex-dividend date was Monday, March 4th. This is a positive change from Eversource Energy's previous quarterly dividend of $0.68. This represents a $2.86 annualized dividend and a yield of 4.91%. Eversource Energy's dividend payout ratio (DPR) is -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.