Charles Schwab Investment Management Inc. Purchases 226,972 Shares of Eversource Energy (NYSE:ES)

Charles Schwab Investment Management Inc. increased its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,933,838 shares of the utilities provider's stock after acquiring an additional 226,972 shares during the period. Charles Schwab Investment Management Inc. owned about 2.71% of Eversource Energy worth $570,500,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP bought a new position in Eversource Energy during the 3rd quarter valued at about $808,783,000. National Bank of Canada FI lifted its holdings in Eversource Energy by 446.0% during the 3rd quarter. National Bank of Canada FI now owns 749,736 shares of the utilities provider's stock valued at $51,019,000 after purchasing an additional 612,421 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Eversource Energy by 41.7% during the 4th quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider's stock valued at $99,554,000 after purchasing an additional 510,582 shares during the last quarter. State Street Corp lifted 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 valued at $1,737,990,000 after purchasing an additional 430,587 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in Eversource Energy by 518.1% during the 3rd quarter. Retirement Systems of Alabama now owns 480,278 shares of the utilities provider's stock valued at $32,683,000 after purchasing an additional 402,574 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

ES has been the subject of several analyst reports. Jefferies Financial Group cut their price target on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Scotiabank dropped their target price on shares of 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. StockNews.com downgraded shares of Eversource Energy from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Finally, Wells Fargo & Company dropped their target price 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. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Eversource Energy currently has an average rating of "Hold" and an average price target of $67.45.

Insider Activity at Eversource Energy

In related news, insider Frederica M. Williams sold 3,092 shares of the business's stock in a transaction that occurred on 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 owns 22,671 shares in the company, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jay S. Buth sold 980 shares of the business's 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 approximately $1,535,318.26. This 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.

Eversource Energy Trading Up 3.8 %

Shares of ES traded up $2.26 on Friday, reaching $60.97. 2,954,696 shares of the company's stock were exchanged, compared to its average volume of 2,205,835. 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 stock has a market capitalization of $22.36 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 2.35 and a beta of 0.60. The business has a 50 day moving average price of $59.09 and a two-hundred day moving average price of $62.29. Eversource Energy has a 12 month low of $54.75 and a 12 month 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 for the quarter, topping 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%. Research analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 4.94%. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's payout ratio is currently 130.30%.

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.