Asset Management One Co. Ltd. Buys 6,918 Shares of Eversource Energy (NYSE:ES)

Asset Management One Co. Ltd. lifted its position in Eversource Energy (NYSE:ES - Free Report) by 5.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,325 shares of the utilities provider's stock after buying an additional 6,918 shares during the period. Asset Management One Co. Ltd.'s holdings in Eversource Energy were worth $8,043,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ES. State Street Corp raised its holdings in Eversource Energy by 1.7% during the 3rd quarter. State Street Corp now owns 25,539,895 shares of the utilities provider's stock worth $1,737,990,000 after buying an additional 430,587 shares during the period. Wellington Management Group LLP purchased a new position in shares of Eversource Energy in the third quarter worth approximately $808,783,000. 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 valued at $613,233,000 after acquiring an additional 268,588 shares during the period. FMR LLC raised its holdings in shares of 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 acquiring an additional 185,381 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Eversource Energy by 4.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,956,214 shares of the utilities provider's stock valued at $337,270,000 after acquiring an additional 216,630 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Stock Up 0.0 %

ES traded up $0.03 during midday trading on Friday, hitting $63.41. 3,830,695 shares of the company's stock traded hands, compared to its average volume of 3,167,062. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $23.26 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62. The stock's fifty day simple moving average is $58.19 and its 200-day simple moving average is $62.54. Eversource Energy has a one year low of $54.75 and a one year high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last released 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%. As a group, equities analysts anticipate 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. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.75%. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's payout ratio is currently 123.81%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays cut their target price on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Wells Fargo & Company reduced their price objective on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group lowered their target price on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 28th. Finally, StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $67.45.

Insider Transactions at Eversource Energy

In other news, insider Frederica M. Williams sold 3,092 shares of the firm'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 sale, the insider now directly owns 22,671 shares of the company's stock, valued at approximately $1,411,496.46. This trade represents a 12.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently 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.