Amundi Has $367.69 Million Stake in Eversource Energy (NYSE:ES)

Amundi raised its stake in Eversource Energy (NYSE:ES - Free Report) by 32.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,482,546 shares of the utilities provider's stock after acquiring an additional 1,579,818 shares during the period. Amundi owned about 1.77% of Eversource Energy worth $367,691,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Kestra Investment Management LLC bought a new position in shares of Eversource Energy in the fourth quarter valued at approximately $29,000. Assetmark Inc. increased its holdings in Eversource Energy by 99.2% during the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 254 shares in the last quarter. Brooklyn Investment Group bought a new position in Eversource Energy in the 3rd quarter valued at $31,000. Ashton Thomas Securities LLC acquired a new position in Eversource Energy in the third quarter worth $32,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Eversource Energy by 104.5% during the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock worth $34,000 after purchasing an additional 301 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Trading Down 1.8 %

Shares of NYSE:ES traded down $1.08 during midday trading on Wednesday, hitting $59.47. The company had a trading volume of 2,084,930 shares, compared to its average volume of 2,209,256. 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 12 month low of $54.75 and a 12 month high of $69.01. The firm has a fifty day simple moving average of $59.24 and a 200 day simple moving average of $62.15. The stock has a market cap of $21.81 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.35 and a beta of 0.60.

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Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results 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 return on equity of 10.99% and a net margin of 6.82%. On average, analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be paid a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 5.06%. 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. Eversource Energy's dividend payout ratio is presently 130.30%.

Insiders Place Their Bets

In other Eversource Energy news, VP Jay S. Buth sold 980 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.99, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the transaction, the insider now owns 22,671 shares in the company, valued at $1,411,496.46. This trade represents a 12.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ES shares. Wells Fargo & Company cut their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. 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. Jefferies Financial Group decreased their price target on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 28th. Guggenheim restated a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Finally, Scotiabank decreased their price objective on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $67.45.

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.