Nomura Asset Management Co. Ltd. Buys 14,290 Shares of Eversource Energy (NYSE:ES)

Nomura Asset Management Co. Ltd. boosted its position in Eversource Energy (NYSE:ES - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,666 shares of the utilities provider's stock after buying an additional 14,290 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.07% of Eversource Energy worth $13,879,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Kestra Investment Management LLC acquired a new stake in shares of Eversource Energy during the 4th quarter worth approximately $29,000. Assetmark Inc. grew its holdings in Eversource Energy by 99.2% in the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after purchasing an additional 254 shares during the period. Brooklyn Investment Group acquired a new stake in Eversource Energy in the third quarter worth $31,000. Venturi Wealth Management LLC increased its stake in Eversource Energy by 104.5% in the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 301 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Eversource Energy during the fourth quarter valued at about $35,000. Institutional investors own 79.99% of the company's stock.

Insider Buying and Selling at Eversource Energy

In other news, VP Jay S. Buth sold 980 shares of the company's 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frederica M. Williams sold 3,092 shares of Eversource Energy 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 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company's stock.

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Eversource Energy Stock Up 1.0 %

Shares of ES traded up $0.59 during trading hours on Wednesday, reaching $62.68. 1,985,648 shares of the stock traded hands, compared to its average volume of 2,264,182. Eversource Energy has a 52 week low of $54.75 and a 52 week high of $69.01. 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 fifty day simple moving average of $60.44 and a 200 day simple moving average of $61.45. The company has a market cap of $23.01 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.35 and a beta of 0.60.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, topping the consensus estimate 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 analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th were paid a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend was Tuesday, March 4th. This is an increase from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio is 130.30%.

Wall Street Analyst Weigh In

ES has been the topic of a number of research reports. Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Barclays decreased their price objective 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. StockNews.com upgraded Eversource Energy from a "sell" rating to a "hold" rating in a report on Saturday. Scotiabank decreased their price target 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. Finally, Jefferies Financial Group dropped 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $67.40.

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.