Generali Asset Management SPA SGR Purchases New Stake in Eversource Energy (NYSE:ES)

Generali Asset Management SPA SGR acquired a new position in shares of Eversource Energy (NYSE:ES - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 41,856 shares of the utilities provider's stock, valued at approximately $2,404,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Eversource Energy by 33.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,231 shares of the utilities provider's stock worth $2,306,000 after buying an additional 9,981 shares during the period. Verity & Verity LLC purchased a new stake in shares of Eversource Energy during the 4th quarter worth about $744,000. Nordea Investment Management AB lifted its position in Eversource Energy by 41.7% during the fourth quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider's stock valued at $99,554,000 after buying an additional 510,582 shares in the last quarter. Landscape Capital Management L.L.C. grew its stake in Eversource Energy by 46.9% during the third quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider's stock worth $2,151,000 after buying an additional 10,093 shares during the period. Finally, Everett Harris & Co. CA lifted its holdings in shares of Eversource Energy by 125.2% during the 4th quarter. Everett Harris & Co. CA now owns 8,093 shares of the utilities provider's stock valued at $465,000 after acquiring an additional 4,500 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

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Insiders Place Their Bets

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of Eversource Energy 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 completion of the transaction, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jay S. Buth sold 980 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following 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 disclosure for this sale can be found here. Company insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ES shares. Barclays reduced their target price on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Jefferies Financial Group lowered their price target on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. Scotiabank decreased their price objective 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. Finally, StockNews.com cut shares of Eversource Energy from a "hold" rating to a "sell" rating in a report on Friday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Eversource Energy currently has a consensus rating of "Hold" and an average price target of $67.45.

Eversource Energy Stock Down 0.1 %

ES stock traded down $0.04 during mid-day trading on Monday, hitting $60.90. The stock had a trading volume of 1,641,663 shares, compared to its average volume of 2,173,990. The stock has a market capitalization of $22.35 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 2.35 and a beta of 0.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. Eversource Energy has a 1-year low of $54.75 and a 1-year high of $69.01. The company has a fifty day moving average of $59.94 and a 200 day moving average of $61.80.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share 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, equities analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. This is an increase from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.01 annualized dividend and a yield of 4.94%. Eversource Energy's dividend payout ratio is presently 130.30%.

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.