Edgestream Partners L.P. Has $6.52 Million Position in Eversource Energy (NYSE:ES)

Edgestream Partners L.P. increased its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 113,443 shares of the utilities provider's stock after acquiring an additional 22,909 shares during the period. Edgestream Partners L.P.'s holdings in Eversource Energy were worth $6,515,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ES. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy in the third quarter valued at about $31,000. Ashton Thomas Securities LLC acquired a new stake in Eversource Energy in the 3rd quarter valued at approximately $32,000. Kestra Investment Management LLC acquired a new stake in Eversource Energy in the 4th quarter valued at approximately $29,000. Assetmark Inc. increased its position in Eversource Energy by 99.2% in the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after buying an additional 254 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock worth $38,000 after buying an additional 350 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ES. Jefferies Financial Group lowered their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 28th. Barclays decreased 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 research report on Wednesday, January 22nd. Guggenheim reiterated a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Scotiabank decreased their target price on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research report on Thursday, February 13th. Finally, Wells Fargo & Company cut their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Eversource Energy presently has a consensus rating of "Hold" and a consensus price target of $67.45.

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Insider Transactions at Eversource Energy

In other news, insider Frederica M. Williams sold 3,092 shares of the 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 sale, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following the completion of the transaction, the vice president now owns 24,374 shares of the company's stock, valued at $1,535,318.26. This trade represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.41% of the company's stock.

Eversource Energy Price Performance

ES stock traded down $1.14 during trading on Tuesday, hitting $60.62. The company had a trading volume of 2,498,552 shares, compared to its average volume of 2,212,885. 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 company has a fifty day moving average price of $59.18 and a two-hundred day moving average price of $62.19. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01. The company has a market cap of $22.23 billion, a P/E ratio of 26.24, a P/E/G ratio of 2.35 and a beta of 0.60.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS 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%. Equities research analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.97%. The ex-dividend date is Tuesday, March 4th. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio is presently 130.30%.

About Eversource Energy

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.