Candriam S.C.A. Has $4.66 Million Stake in Eversource Energy (NYSE:ES)

Candriam S.C.A. grew its holdings in Eversource Energy (NYSE:ES - Free Report) by 23.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,140 shares of the utilities provider's stock after purchasing an additional 15,650 shares during the period. Candriam S.C.A.'s holdings in Eversource Energy were worth $4,660,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its stake in Eversource Energy by 1.7% in 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 buying an additional 430,587 shares during the period. Wellington Management Group LLP acquired a new position in shares of Eversource Energy in the third quarter worth $808,783,000. Charles Schwab Investment Management Inc. increased its stake in shares of Eversource Energy by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider's stock worth $570,500,000 after acquiring an additional 226,972 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Eversource Energy by 3.1% during the third quarter. Geode Capital Management LLC now owns 9,040,171 shares of the utilities provider's stock worth $613,233,000 after acquiring an additional 268,588 shares in the last quarter. Finally, FMR LLC boosted its position in Eversource Energy by 2.7% during the third quarter. FMR LLC now owns 7,019,064 shares of the utilities provider's stock valued at $477,647,000 after purchasing an additional 185,381 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ES shares. Scotiabank cut their price target on 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. Barclays reduced their target price on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Guggenheim restated a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Wells Fargo & Company reduced their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Finally, StockNews.com downgraded shares of Eversource Energy from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $67.45.

Eversource Energy Stock Down 1.8 %

Shares of ES stock traded down $1.08 on Wednesday, hitting $59.47. 2,079,568 shares of the stock were exchanged, compared to its average volume of 2,209,239. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $21.81 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 2.35 and a beta of 0.60. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01. The business has a 50-day moving average of $59.24 and a 200 day moving average of $62.15.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. Equities analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 5.06%. 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 is currently 130.30%.

Insider Activity

In other news, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 22,671 shares in the company, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jay S. Buth sold 980 shares of the firm's 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 sale, the vice president now directly owns 24,374 shares of the company's stock, valued at $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 owned by corporate insiders.

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.