Allspring Global Investments Holdings LLC Has $5.83 Million Position in Eversource Energy (NYSE:ES)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,719 shares of the utilities provider's stock after selling 9,020 shares during the period. Allspring Global Investments Holdings LLC's holdings in Eversource Energy were worth $5,833,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ES. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy in the 3rd quarter worth approximately $31,000. Ashton Thomas Securities LLC acquired a new stake in shares of Eversource Energy in the 3rd quarter worth approximately $32,000. Larson Financial Group LLC grew its holdings in shares of Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock worth $38,000 after acquiring an additional 350 shares during the period. UMB Bank n.a. grew its holdings in shares of Eversource Energy by 38.4% in 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. Finally, Asset Dedication LLC acquired a new stake in shares of Eversource Energy in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Insiders Place Their Bets

In other news, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction that occurred 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. The trade was a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Stock Up 0.0 %

NYSE ES traded up $0.03 during trading hours on Friday, hitting $63.41. The company had a trading volume of 3,830,695 shares, compared to its average volume of 3,669,170. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01. The company has a market capitalization of $23.26 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 2.35 and a beta of 0.62. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. The firm's 50 day moving average is $58.19 and its 200 day moving average is $62.54.

Eversource Energy (NYSE:ES - Get Free Report) last announced 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 return on equity of 10.99% and a net margin of 6.82%. Sell-side 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. Shareholders of record on Tuesday, March 4th will be issued a $0.7525 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 4.75%. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio (DPR) is currently 123.81%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company lowered their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Scotiabank reduced their price target on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research note on Thursday, February 13th. Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. StockNews.com raised Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday. Finally, Barclays cut their target price on 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $67.45.

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.