Aigen Investment Management LP Grows Holdings in Eversource Energy (NYSE:ES)

Aigen Investment Management LP lifted its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 332.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,122 shares of the utilities provider's stock after purchasing an additional 29,301 shares during the period. Aigen Investment Management LP's holdings in Eversource Energy were worth $2,189,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Proficio Capital Partners LLC acquired a new position in shares of Eversource Energy during the fourth quarter worth $7,691,000. M&T Bank Corp lifted its holdings in shares of Eversource Energy by 3.6% during the fourth quarter. M&T Bank Corp now owns 27,845 shares of the utilities provider's stock worth $1,599,000 after purchasing an additional 978 shares during the period. Assetmark Inc. lifted its holdings in shares of Eversource Energy by 99.2% during the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after purchasing an additional 254 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Eversource Energy by 78.0% during the fourth quarter. Victory Capital Management Inc. now owns 215,661 shares of the utilities provider's stock worth $12,385,000 after purchasing an additional 94,495 shares during the period. Finally, Keybank National Association OH lifted its holdings in shares of Eversource Energy by 2.6% during the fourth quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider's stock worth $522,000 after purchasing an additional 233 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

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Insider Transactions at Eversource Energy

In other news, insider Frederica M. Williams sold 3,092 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total transaction of $192,507.92. Following the completion of the sale, the insider now directly owns 22,671 shares of the company's stock, valued at $1,411,496.46. The trade was a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jay S. Buth sold 980 shares of the business'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 of the company's stock, valued at approximately $1,535,318.26. The trade was a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Barclays lowered their target price on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. StockNews.com downgraded shares of Eversource Energy from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Scotiabank lowered their target price on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a research note on Thursday, February 13th. Finally, Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $67.45.

Eversource Energy Stock Up 3.8 %

ES traded up $2.26 during midday trading on Friday, hitting $60.97. The company had a trading volume of 2,954,696 shares, compared to its average volume of 2,207,165. Eversource Energy has a 52 week low of $54.75 and a 52 week 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. The company has a market capitalization of $22.36 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 2.35 and a beta of 0.60. The stock's 50 day moving average price is $59.09 and its 200 day moving average price is $62.26.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results 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, research analysts anticipate that Eversource Energy will post 4.75 earnings per share 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. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This is an increase from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a dividend yield of 4.94%. Eversource Energy's payout ratio is presently 130.30%.

Eversource Energy Company 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.