Cbre Investment Management Listed Real Assets LLC Has $921,000 Stake in Eversource Energy (NYSE:ES)

Cbre Investment Management Listed Real Assets LLC decreased its stake in Eversource Energy (NYSE:ES - Free Report) by 61.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,043 shares of the utilities provider's stock after selling 25,968 shares during the quarter. Cbre Investment Management Listed Real Assets LLC's holdings in Eversource Energy were worth $921,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. M&T Bank Corp lifted its position in Eversource Energy by 3.6% in the 4th quarter. M&T Bank Corp now owns 27,845 shares of the utilities provider's stock worth $1,599,000 after buying an additional 978 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Eversource Energy by 99.2% during the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 254 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Eversource Energy by 78.0% during the 4th quarter. Victory Capital Management Inc. now owns 215,661 shares of the utilities provider's stock valued at $12,385,000 after purchasing an additional 94,495 shares in the last quarter. Keybank National Association OH raised its holdings in shares of Eversource Energy by 2.6% during the 4th quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider's stock valued at $522,000 after purchasing an additional 233 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Eversource Energy by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider's stock valued at $570,500,000 after purchasing an additional 226,972 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

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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 document filed with the SEC, which is available at this hyperlink. Also, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction dated 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 directly owns 24,374 shares of the company's stock, valued at $1,535,318.26. This represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ES. Scotiabank cut their price target 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. Jefferies Financial Group cut their price target on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company cut their price target on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Barclays cut their price target on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Finally, StockNews.com downgraded shares of Eversource Energy from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. Three 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $67.45.

Eversource Energy Stock Performance

NYSE ES traded up $2.26 during midday trading on Friday, hitting $60.97. The company had a trading volume of 2,954,696 shares, compared to its average volume of 2,207,165. 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 stock has a market cap of $22.36 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 2.35 and a beta of 0.60. The firm has a fifty day simple moving average of $59.09 and a two-hundred day simple moving average of $62.26. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results 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 net margin of 6.82% and a return on equity of 10.99%. Equities analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be given a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 4.94%. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. 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.