Baillie Gifford & Co. Trims Stock Position in Eversource Energy (NYSE:ES)

Baillie Gifford & Co. decreased its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 15.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 454,384 shares of the utilities provider's stock after selling 81,803 shares during the quarter. Baillie Gifford & Co. owned about 0.12% of Eversource Energy worth $26,095,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brown Brothers Harriman & Co. raised its holdings in shares of Eversource Energy by 2.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider's stock worth $418,000 after acquiring an additional 166 shares during the period. Exchange Traded Concepts LLC raised its stake in Eversource Energy by 10.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider's stock worth $107,000 after purchasing an additional 176 shares during the period. UMB Bank n.a. boosted its holdings in Eversource Energy by 38.4% in the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 197 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Eversource Energy by 1.0% in the 3rd quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider's stock valued at $1,368,000 after buying an additional 200 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Eversource Energy by 1.8% during the 3rd quarter. Signaturefd LLC now owns 11,930 shares of the utilities provider's stock worth $812,000 after buying an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Eversource Energy Trading Up 0.0 %

NYSE:ES traded up $0.03 on Friday, reaching $63.41. 3,830,695 shares of the company's stock were exchanged, compared to its average volume of 3,167,062. The business has a fifty day moving average of $58.19 and a 200-day moving average of $62.54. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. Eversource Energy has a 52-week low of $54.75 and a 52-week high of $69.01. The firm has a market capitalization of $23.26 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62.

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

Eversource Energy Increases Dividend

The company 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 represents a $3.01 dividend on an annualized basis and a dividend yield of 4.75%. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Tuesday, March 4th. Eversource Energy's dividend payout ratio is presently 123.81%.

Analyst Ratings Changes

Several research analysts recently weighed in on ES shares. StockNews.com upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday. Wells Fargo & Company cut their price objective on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Jefferies Financial Group decreased their target price on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 28th. Barclays dropped 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. Finally, Scotiabank decreased their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Eversource Energy has an average rating of "Hold" and an average target price of $67.45.

Insider Buying and Selling

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the stock in a transaction that occurred on 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 directly owns 22,671 shares in the company, valued at $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.41% of the company's stock.

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.