International Assets Investment Management LLC Buys New Shares in Eversource Energy (NYSE:ES)

International Assets Investment Management LLC acquired a new position in Eversource Energy (NYSE:ES - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 159,361 shares of the utilities provider's stock, valued at approximately $98,360,000.

A number of other large investors also recently bought and sold shares of the business. Exchange Traded Concepts LLC acquired a new position in shares of Eversource Energy during the fourth quarter worth $26,000. CVA Family Office LLC acquired a new position in shares of Eversource Energy in the 4th quarter valued at $43,000. MV Capital Management Inc. increased its position in shares of Eversource Energy by 40.4% in the 3rd quarter. MV Capital Management Inc. now owns 716 shares of the utilities provider's stock valued at $42,000 after acquiring an additional 206 shares during the period. Blue Trust Inc. increased its position in shares of Eversource Energy by 172.7% in the 4th quarter. Blue Trust Inc. now owns 758 shares of the utilities provider's stock valued at $44,000 after acquiring an additional 480 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in Eversource Energy by 4,500.0% in the third quarter. Larson Financial Group LLC now owns 920 shares of the utilities provider's stock valued at $53,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 79.99% of the company's stock.

Insider Buying and Selling

In other Eversource Energy news, insider Linda Dorcena Forry sold 822 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.12, for a total value of $47,774.64. Following the completion of the transaction, the insider now directly owns 10,485 shares of the company's stock, valued at $609,388.20. The sale was disclosed in a filing with the SEC, which is available at this link. In other Eversource Energy news, insider Frederica M. Williams sold 2,714 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $57.60, for a total value of $156,326.40. Following the completion of the transaction, the insider now directly owns 21,621 shares of the company's stock, valued at $1,245,369.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Linda Dorcena Forry sold 822 shares of the 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 completion of the transaction, the insider now directly owns 10,485 shares of the company's stock, valued at $609,388.20. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Stock Performance

Shares of NYSE:ES traded down $0.74 during midday trading on Friday, hitting $60.01. The stock had a trading volume of 3,430,099 shares, compared to its average volume of 2,899,421. The company has a market capitalization of $21.05 billion, a PE ratio of -50.86, a P/E/G ratio of 3.29 and a beta of 0.57. Eversource Energy has a 1 year low of $52.03 and a 1 year high of $77.97. The stock has a 50 day moving average price of $59.15 and a two-hundred day moving average price of $58.07. The company has a current ratio of 0.67, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.33 billion during the quarter, compared to analysts' expectations of $3.69 billion. Eversource Energy had a negative net margin of 3.60% and a positive return on equity of 10.22%. The firm's revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 earnings per share. As a group, equities analysts predict that Eversource Energy will post 4.49 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be issued a dividend of $0.715 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.86 annualized dividend and a yield of 4.77%. Eversource Energy's dividend payout ratio is currently -242.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ES shares. Argus lowered their target price 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 decreased their price target 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. StockNews.com raised shares of Eversource Energy to a "sell" rating in a research note on Thursday, March 28th. The Goldman Sachs Group assumed coverage on shares of Eversource Energy in a research note on Wednesday, April 10th. They issued a "buy" rating and a $73.00 price target on the stock. Finally, BMO Capital Markets raised their price target on shares of Eversource Energy from $65.00 to $66.00 and gave the company a "market perform" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Eversource Energy currently has an average rating of "Hold" and a consensus target price of $66.23.

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.