Cibc World Markets Corp Grows Holdings in Eversource Energy (NYSE:ES)

Cibc World Markets Corp lifted its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 18.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,378 shares of the utilities provider's stock after purchasing an additional 9,136 shares during the quarter. Cibc World Markets Corp's holdings in Eversource Energy were worth $3,295,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ES. Brown Brothers Harriman & Co. grew its stake in shares of Eversource Energy by 2.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider's stock worth $418,000 after purchasing an additional 166 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Eversource Energy by 10.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider's stock worth $107,000 after buying an additional 176 shares in the last quarter. UMB Bank n.a. grew its position in Eversource Energy by 38.4% during the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock worth $41,000 after buying an additional 197 shares during the period. Summit Trail Advisors LLC increased its holdings in Eversource Energy by 4.6% in the fourth quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider's stock valued at $281,000 after buying an additional 216 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Eversource Energy by 1.9% during the 3rd quarter. Fisher Asset Management LLC now owns 12,306 shares of the utilities provider's stock valued at $837,000 after acquiring an additional 232 shares during the period. 79.99% of the stock is owned by institutional investors and hedge funds.

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Eversource Energy Trading Down 0.1 %

Shares of NYSE ES traded down $0.04 on Monday, reaching $60.90. 1,641,663 shares of the company traded hands, compared to its average volume of 2,173,990. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01. The company has a 50 day moving average of $60.04 and a 200 day moving average of $61.75. The stock has a market capitalization of $22.35 billion, a PE ratio of 26.36, a P/E/G ratio of 2.35 and a beta of 0.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. On average, equities research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 is a positive change from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a yield of 4.94%. Eversource Energy's dividend payout ratio is currently 130.30%.

Insider Buying and Selling

In other news, insider Frederica M. Williams sold 3,092 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the sale, the insider now owns 22,671 shares of the company's stock, valued at $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. 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 stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.99, for a total value of $61,730.20. Following the completion of the sale, the vice president now owns 24,374 shares of the company's stock, valued at approximately $1,535,318.26. This trade represents 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.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ES. Scotiabank lowered their price target on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company lowered their target price on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group cut their price target 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. StockNews.com lowered shares of Eversource Energy from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Guggenheim restated a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $67.45.

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.