American Century Companies Inc. Sells 75,224 Shares of Eversource Energy (NYSE:ES)

American Century Companies Inc. cut its position in shares of Eversource Energy (NYSE:ES - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,607,477 shares of the utilities provider's stock after selling 75,224 shares during the quarter. American Century Companies Inc. owned about 1.26% of Eversource Energy worth $264,607,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP bought a new stake in shares of Eversource Energy during the 3rd quarter valued at about $808,783,000. Amundi boosted its holdings in shares of Eversource Energy by 32.2% during the 4th quarter. Amundi now owns 6,482,546 shares of the utilities provider's stock worth $367,691,000 after buying an additional 1,579,818 shares in the last quarter. National Bank of Canada FI grew its position in shares of Eversource Energy by 446.0% during the 3rd quarter. National Bank of Canada FI now owns 749,736 shares of the utilities provider's stock worth $51,019,000 after buying an additional 612,421 shares during the period. Nordea Investment Management AB increased its stake in shares of Eversource Energy by 41.7% in the 4th quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider's stock valued at $99,554,000 after acquiring an additional 510,582 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Eversource Energy by 1.7% during the 3rd quarter. State Street Corp now owns 25,539,895 shares of the utilities provider's stock valued at $1,737,990,000 after acquiring an additional 430,587 shares during the period. Institutional investors own 79.99% of the company's stock.

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Insider Buying and Selling

In related news, insider Frederica M. Williams sold 3,092 shares of the 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 transaction, the insider now owns 22,671 shares in the company, valued at approximately $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jay S. Buth sold 980 shares of Eversource Energy 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 completion of the sale, the vice president now directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Stock Down 0.1 %

Shares of NYSE ES traded down $0.04 during trading on Monday, hitting $60.90. The stock had a trading volume of 1,633,491 shares, compared to its average volume of 2,173,963. The firm has a fifty day moving average of $59.94 and a two-hundred day moving average of $61.80. The company has a market capitalization of $22.35 billion, a PE ratio of 26.36, a PEG ratio of 2.35 and a beta of 0.60. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. Eversource Energy has a 12 month low of $54.75 and a 12 month high of $69.01.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. As a group, equities research analysts forecast that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ES shares. Scotiabank decreased 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 research note on Thursday, February 13th. Wells Fargo & Company dropped their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. StockNews.com cut Eversource Energy from a "hold" rating to a "sell" rating in a research note on Friday. Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Finally, Barclays reduced 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 research report on Wednesday, January 22nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Eversource Energy presently has an average rating of "Hold" and a consensus target price of $67.45.

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.