Groupama Asset Managment Has $1.63 Million Holdings in Eversource Energy (NYSE:ES)

Groupama Asset Managment increased its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 235.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,457 shares of the utilities provider's stock after acquiring an additional 19,973 shares during the period. Groupama Asset Managment's holdings in Eversource Energy were worth $1,631,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ES. Kestra Investment Management LLC purchased a new stake in shares of Eversource Energy in the 4th quarter worth about $29,000. Assetmark Inc. increased its stake in shares of Eversource Energy by 99.2% during the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after purchasing an additional 254 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Eversource Energy by 104.5% during the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock worth $34,000 after purchasing an additional 301 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Eversource Energy during the 4th quarter valued at $35,000. Finally, UMB Bank n.a. increased 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 in the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Eversource Energy Stock Down 4.8 %

NYSE ES traded down $2.83 during trading hours on Monday, hitting $55.51. The company had a trading volume of 1,786,975 shares, compared to its average volume of 2,283,655. The firm's 50 day moving average is $60.73 and its 200 day moving average is $61.31. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. 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 capitalization of $20.38 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 2.35 and a beta of 0.58.

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

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 4th were paid a $0.7525 dividend. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date was Tuesday, March 4th. This represents a $3.01 annualized dividend and a dividend yield of 5.42%. Eversource Energy's payout ratio is 130.30%.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the 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 transaction, the insider now directly owns 22,671 shares in the company, valued at approximately $1,411,496.46. This trade 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 can be accessed through this link. Also, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction 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 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 position. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ES shares. Scotiabank cut their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a research report on Thursday, February 13th. Barclays cut their price target on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. Wells Fargo & Company decreased their price objective 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 dropped their target price 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. Finally, StockNews.com lowered Eversource Energy from a "hold" rating to a "sell" rating in a research note on Sunday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $67.44.

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.