Capital Fund Management S.A. Acquires New Shares in Eversource Energy (NYSE:ES)

Capital Fund Management S.A. bought a new position in shares of Eversource Energy (NYSE:ES - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 75,460 shares of the utilities provider's stock, valued at approximately $4,334,000.

Several other institutional investors have also made changes to their positions in the stock. Bessemer Group Inc. boosted its stake in shares of Eversource Energy by 62.5% during the fourth quarter. Bessemer Group Inc. now owns 14,335 shares of the utilities provider's stock valued at $823,000 after purchasing an additional 5,514 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Eversource Energy during the fourth quarter valued at $19,716,000. APG Asset Management N.V. lifted its holdings in shares of Eversource Energy by 216.8% during the fourth quarter. APG Asset Management N.V. now owns 264,208 shares of the utilities provider's stock worth $14,653,000 after purchasing an additional 180,800 shares during the period. Advisory Services Network LLC bought a new stake in shares of Eversource Energy in the fourth quarter worth $616,000. Finally, FIL Ltd raised its position in Eversource Energy by 16.4% during the 4th quarter. FIL Ltd now owns 69,429 shares of the utilities provider's stock worth $3,987,000 after purchasing an additional 9,780 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, 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 transaction of $192,507.92. Following the completion of the transaction, the insider now directly owns 22,671 shares of the company's stock, valued at $1,411,496.46. This trade represents a 12.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.99, for a total transaction of $61,730.20. Following the transaction, the vice president now owns 24,374 shares of the company's stock, valued at $1,535,318.26. The trade was a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ES shares. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Jefferies Financial Group decreased their target price 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. Wells Fargo & Company dropped their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $58.00 price objective (down previously from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Finally, StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Monday, April 14th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Eversource Energy presently has an average rating of "Hold" and a consensus target price of $65.78.

Eversource Energy Trading Down 1.2 %

Shares of ES stock traded down $0.68 on Friday, hitting $57.38. 3,762,639 shares of the company's stock traded hands, compared to its average volume of 2,335,212. The stock has a market capitalization of $21.06 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 2.35 and a beta of 0.58. The company's fifty day simple moving average is $60.22 and its 200 day simple moving average is $60.56. Eversource Energy has a one year low of $52.28 and a one year high of $69.01. 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 (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast 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 was paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th were issued a $0.7525 dividend. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.01 annualized dividend and a dividend yield of 5.25%. Eversource Energy's dividend payout ratio (DPR) is currently 130.30%.

Eversource Energy Company 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.