Fisher Asset Management LLC lessened its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 61.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,406 shares of the utilities provider's stock after selling 36,573 shares during the period. Fisher Asset Management LLC's holdings in Eversource Energy were worth $1,445,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Exchange Traded Concepts LLC acquired a new stake in Eversource Energy in the 4th quarter valued at approximately $26,000. Bfsg LLC acquired a new position in shares of Eversource Energy during the 4th quarter worth approximately $31,000. Hexagon Capital Partners LLC increased its position in shares of Eversource Energy by 84.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 596 shares of the utilities provider's stock worth $37,000 after purchasing an additional 272 shares during the last quarter. MV Capital Management Inc. increased its position in shares of Eversource Energy by 40.4% during the 3rd quarter. MV Capital Management Inc. now owns 716 shares of the utilities provider's stock worth $42,000 after purchasing an additional 206 shares during the last quarter. Finally, CVA Family Office LLC acquired a new position in shares of Eversource Energy during the 4th quarter worth approximately $43,000. Institutional investors own 79.99% of the company's stock.
Eversource Energy Price Performance
ES stock traded up $0.72 during midday trading on Thursday, reaching $61.76. 1,365,891 shares of the stock were exchanged, compared to its average volume of 2,845,797. The stock has a market capitalization of $21.76 billion, a PE ratio of -52.34, a P/E/G ratio of 3.21 and a beta of 0.57. Eversource Energy has a 52 week low of $52.03 and a 52 week high of $77.53. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.67 and a quick ratio of 0.59. The company has a fifty day moving average price of $59.30 and a 200 day moving average price of $58.25.
Eversource Energy (NYSE:ES - Get Free Report) last announced its earnings results on Wednesday, May 1st. The utilities provider reported $1.49 EPS for the quarter, topping the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.69 billion. Eversource Energy had a positive return on equity of 10.22% and a negative net margin of 3.60%. The business's quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.41 EPS. As a group, analysts expect that Eversource Energy will post 4.49 EPS for the current fiscal year.
Eversource Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 16th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Wednesday, May 15th. Eversource Energy's dividend payout ratio is -242.37%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on ES shares. UBS Group raised Eversource Energy from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $62.00 to $67.00 in a research report on Thursday, April 4th. The Goldman Sachs Group started coverage on Eversource Energy in a research report on Wednesday, April 10th. They set a "buy" rating and a $73.00 price target on the stock. Mizuho upgraded Eversource Energy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $54.00 to $62.00 in a research note on Thursday, February 15th. Wells Fargo & Company lifted their target price on Eversource Energy from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, May 3rd. Finally, BMO Capital Markets lifted their target price on Eversource Energy from $65.00 to $66.00 and gave the stock a "market perform" rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Eversource Energy presently has a consensus rating of "Hold" and an average target price of $66.23.
View Our Latest Research Report on Eversource Energy
Insider Activity
In other news, insider Linda Dorcena Forry sold 822 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $58.12, for a total value of $47,774.64. Following the transaction, the insider now directly owns 10,485 shares of the company's stock, valued at approximately $609,388.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Linda Dorcena Forry sold 822 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $58.12, for a total value of $47,774.64. Following the completion of the sale, the insider now directly owns 10,485 shares of the company's stock, valued at approximately $609,388.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $156,326.40. Following the completion of the sale, the insider now directly owns 21,621 shares of the company's stock, valued at $1,245,369.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.
Eversource Energy Company Profile
(
Free Report)
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.
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