CANADA LIFE ASSURANCE Co Purchases 56,408 Shares of Eversource Energy (NYSE:ES)

CANADA LIFE ASSURANCE Co increased its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 640,581 shares of the utilities provider's stock after buying an additional 56,408 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.17% of Eversource Energy worth $36,757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Mizuho Bank Ltd. acquired a new position in Eversource Energy in the 4th quarter worth about $26,000. Kestra Investment Management LLC bought a new stake in shares of Eversource Energy in the 4th quarter valued at approximately $29,000. Assetmark Inc. increased its holdings in Eversource Energy by 99.2% in the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after buying an additional 254 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Eversource Energy by 104.5% in the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 301 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Eversource Energy in the fourth quarter valued at approximately $35,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ES has been the subject of a number of analyst reports. StockNews.com raised Eversource Energy from a "sell" rating to a "hold" rating in a research report on Monday, April 14th. Wells Fargo & Company decreased their target price on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Scotiabank dropped their target price on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $58.00 target price (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Finally, Jefferies Financial Group dropped their target price on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a research report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $65.78.

Insider Buying and Selling at Eversource Energy

In other news, insider Frederica M. Williams sold 3,092 shares of the business's stock in a transaction 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 completion of the transaction, the insider now owns 22,671 shares of the company's stock, valued at $1,411,496.46. The trade was a 12.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jay S. Buth sold 980 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.99, for a total value of $61,730.20. Following the sale, the vice president now directly owns 24,374 shares in the company, valued at $1,535,318.26. The trade was a 3.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company's stock.

Eversource Energy Price Performance

NYSE:ES traded down $0.08 during mid-day trading on Wednesday, reaching $57.97. 2,170,677 shares of the company were exchanged, compared to its average volume of 2,867,997. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $69.01. The stock has a market cap of $21.28 billion, a PE ratio of 25.09, a PEG ratio of 2.35 and a beta of 0.58. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The company has a fifty day moving average of $60.06 and a 200 day moving average of $60.40.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (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, research analysts anticipate that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 4th were given a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 5.19%. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, March 4th. Eversource Energy's dividend payout ratio (DPR) is presently 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.