Ossiam Has $771,000 Stock Holdings in Eversource Energy (NYSE:ES)

Ossiam lessened its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 62.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,432 shares of the utilities provider's stock after selling 22,670 shares during the period. Ossiam's holdings in Eversource Energy were worth $771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Exchange Traded Concepts LLC grew its position in shares of Eversource Energy by 10.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider's stock worth $107,000 after purchasing an additional 176 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Eversource Energy by 38.4% during the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock worth $41,000 after acquiring an additional 197 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of Eversource Energy by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider's stock worth $281,000 after acquiring an additional 216 shares during the period. Keybank National Association OH lifted its holdings in shares of Eversource Energy by 2.6% during the 4th quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider's stock worth $522,000 after acquiring an additional 233 shares during the period. Finally, Whittier Trust Co. lifted its holdings in shares of Eversource Energy by 3.3% during the 4th quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider's stock worth $444,000 after acquiring an additional 245 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

Insider Activity

In other news, VP Jay S. Buth sold 980 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.99, for a total transaction of $61,730.20. Following the completion of the sale, the vice president now directly owns 24,374 shares in the company, valued at $1,535,318.26. This represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Frederica M. Williams sold 3,092 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total transaction of $192,507.92. Following the sale, the insider now owns 22,671 shares of the company's stock, valued at approximately $1,411,496.46. This trade represents a 12.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.41% of the company's stock.

Eversource Energy Trading Down 1.1 %

Shares of ES stock traded down $0.67 during trading hours on Friday, hitting $57.86. 2,992,213 shares of the company's stock traded hands, compared to its average volume of 2,345,697. The stock's 50 day simple moving average is $59.86 and its 200 day simple moving average is $60.26. The stock has a market cap of $21.24 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. On average, sell-side analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.7525 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.01 annualized dividend and a dividend yield of 5.20%. This is an increase from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio (DPR) is presently 130.30%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Scotiabank cut their price target on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a report on Thursday, February 13th. Barclays cut their price target on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Wells Fargo & Company cut their price target on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Finally, StockNews.com downgraded shares of Eversource Energy from a "hold" rating to a "sell" rating in a research note on Friday. Four analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $65.78.

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.