Blueshift Asset Management LLC Raises Stock Position in Eversource Energy (NYSE:ES)

Blueshift Asset Management LLC lifted its position in Eversource Energy (NYSE:ES - Free Report) by 108.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,788 shares of the utilities provider's stock after buying an additional 5,093 shares during the quarter. Blueshift Asset Management LLC's holdings in Eversource Energy were worth $562,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in Eversource Energy by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 121,166 shares of the utilities provider's stock worth $8,245,000 after buying an additional 3,960 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Eversource Energy by 76.4% in the third quarter. Empowered Funds LLC now owns 9,389 shares of the utilities provider's stock valued at $639,000 after acquiring an additional 4,065 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Eversource Energy by 4.4% in the third quarter. Natixis Advisors LLC now owns 133,174 shares of the utilities provider's stock valued at $9,062,000 after purchasing an additional 5,553 shares during the period. Pathstone Holdings LLC grew its stake in Eversource Energy by 0.7% during the 3rd quarter. Pathstone Holdings LLC now owns 45,798 shares of the utilities provider's stock worth $3,117,000 after purchasing an additional 331 shares in the last quarter. Finally, Caprock Group LLC increased its holdings in Eversource Energy by 8.8% during the 3rd quarter. Caprock Group LLC now owns 18,790 shares of the utilities provider's stock worth $1,279,000 after purchasing an additional 1,519 shares during the period. Hedge funds and other institutional investors own 79.99% of the company's stock.

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Insider Buying and Selling at Eversource Energy

In related news, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.99, for a total value of $61,730.20. Following the transaction, the vice president now directly owns 24,374 shares in the company, valued at $1,535,318.26. This trade represents a 3.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Frederica M. Williams sold 3,092 shares of the company's stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ES shares. Jefferies Financial Group decreased their price objective on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a research note on Tuesday, January 28th. 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 objective on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. StockNews.com cut shares of Eversource Energy from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Guggenheim reiterated a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Three investment 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 MarketBeat.com, Eversource Energy presently has a consensus rating of "Hold" and an average price target of $67.45.

Eversource Energy Stock Performance

Shares of ES stock traded down $0.04 during mid-day trading on Monday, hitting $60.90. 1,641,663 shares of the stock were exchanged, compared to its average volume of 2,172,995. The stock's fifty day simple moving average is $60.04 and its two-hundred day simple moving average is $61.75. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. Eversource Energy has a 12-month low of $54.75 and a 12-month high of $69.01. The stock has a market capitalization of $22.35 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.35 and a beta of 0.60.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, topping 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%. On average, analysts forecast that Eversource Energy will post 4.75 EPS for the current 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 paid a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 4.94%. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio is currently 130.30%.

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.