Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in Eversource Energy (NYSE:ES)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Eversource Energy (NYSE:ES - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 443,444 shares of the utilities provider's stock after purchasing an additional 12,951 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.13% of Eversource Energy worth $27,369,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. United Capital Financial Advisers LLC increased its holdings in shares of Eversource Energy by 3.6% during the first quarter. United Capital Financial Advisers LLC now owns 3,880 shares of the utilities provider's stock worth $342,000 after buying an additional 134 shares in the last quarter. Snowden Capital Advisors LLC increased its holdings in shares of Eversource Energy by 3.8% in the first quarter. Snowden Capital Advisors LLC now owns 4,101 shares of the utilities provider's stock valued at $321,000 after purchasing an additional 151 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Eversource Energy by 1.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 12,617 shares of the utilities provider's stock valued at $1,058,000 after purchasing an additional 162 shares in the last quarter. Czech National Bank increased its holdings in shares of Eversource Energy by 0.3% in the fourth quarter. Czech National Bank now owns 61,182 shares of the utilities provider's stock valued at $3,776,000 after purchasing an additional 168 shares in the last quarter. Finally, Toroso Investments LLC increased its holdings in shares of Eversource Energy by 4.2% in the first quarter. Toroso Investments LLC now owns 4,484 shares of the utilities provider's stock valued at $351,000 after purchasing an additional 179 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ES. BMO Capital Markets raised their price objective on shares of Eversource Energy from $63.00 to $64.00 and gave the company a "market perform" rating in a research note on Thursday, February 15th. UBS Group raised shares of Eversource Energy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $62.00 to $67.00 in a research note on Thursday, April 4th. Argus reduced their price objective on shares of Eversource Energy from $85.00 to $68.00 and set a "buy" rating on the stock in a research note on Monday, March 25th. Barclays reduced their price objective on shares of Eversource Energy from $66.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Monday, January 22nd. Finally, The Goldman Sachs Group began coverage on shares of Eversource Energy in a research report on Wednesday, April 10th. They set a "buy" rating and a $73.00 price target on the stock. One 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, the company currently has an average rating of "Hold" and a consensus price target of $66.08.

Eversource Energy Stock Up 0.8 %

ES stock traded up $0.48 during midday trading on Thursday, hitting $58.99. The company's stock had a trading volume of 1,625,220 shares, compared to its average volume of 2,993,604. 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 has a twelve month low of $52.03 and a twelve month high of $79.92. The company's fifty day moving average price is $58.40 and its 200 day moving average price is $57.77. The stock has a market capitalization of $20.69 billion, a P/E ratio of -46.48, a PEG ratio of 3.04 and a beta of 0.58.

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

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Tuesday, March 5th were paid a $0.715 dividend. 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 4.85%. The ex-dividend date of this dividend was Monday, March 4th. Eversource Energy's payout ratio is presently -226.98%.

Insider Buying and Selling at Eversource Energy

In other news, insider Frederica M. Williams sold 2,714 shares of the business's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $57.60, for a total transaction of $156,326.40. Following the transaction, the insider now directly owns 21,621 shares in the company, valued at approximately $1,245,369.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Linda Dorcena Forry sold 822 shares of the business's 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 transaction, the insider now directly owns 10,485 shares in the company, valued at approximately $609,388.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frederica M. Williams sold 2,714 shares of the business's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $57.60, for a total transaction of $156,326.40. Following the transaction, the insider now owns 21,621 shares in the company, valued at $1,245,369.60. The disclosure for this sale can be found here. Company insiders own 0.41% of the company's stock.

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.