Bessemer Group Inc. Has $823,000 Holdings in Eversource Energy (NYSE:ES)

Bessemer Group Inc. grew its holdings in Eversource Energy (NYSE:ES - Free Report) by 62.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,335 shares of the utilities provider's stock after purchasing an additional 5,514 shares during the quarter. Bessemer Group Inc.'s holdings in Eversource Energy were worth $823,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. MML Investors Services LLC lifted its stake in shares of Eversource Energy by 39.5% during the 3rd quarter. MML Investors Services LLC now owns 21,435 shares of the utilities provider's stock worth $1,459,000 after purchasing an additional 6,069 shares during the period. Barclays PLC boosted its stake in Eversource Energy by 15.9% in the 3rd quarter. Barclays PLC now owns 1,095,966 shares of the utilities provider's stock worth $74,582,000 after buying an additional 150,535 shares during the last quarter. Bard Financial Services Inc. grew its holdings in Eversource Energy by 244.9% in the 3rd quarter. Bard Financial Services Inc. now owns 21,715 shares of the utilities provider's stock valued at $1,478,000 after buying an additional 15,419 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Eversource Energy by 32.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,358 shares of the utilities provider's stock valued at $1,354,000 after acquiring an additional 5,203 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of Eversource Energy during the 3rd quarter worth about $277,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on ES. Jefferies Financial Group lowered their target price 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 restated a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. StockNews.com upgraded Eversource Energy from a "sell" rating to a "hold" rating in a report on Monday, April 14th. Finally, Wells Fargo & Company decreased 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 analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $65.78.

Eversource Energy Price Performance

Shares of ES stock traded down $0.68 during mid-day trading on Friday, hitting $57.38. 3,762,639 shares of the stock traded hands, compared to its average volume of 2,335,259. The company's 50-day simple moving average is $60.22 and its 200-day simple moving average is $60.48. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.01. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (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%. As a group, equities research analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 4th were given a $0.7525 dividend. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.25%. Eversource Energy's dividend payout ratio (DPR) is 130.30%.

Insider Buying and Selling

In other Eversource Energy 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 transaction of $192,507.92. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Jay S. Buth sold 980 shares of the company'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 completion of the transaction, the vice president now owns 24,374 shares in the company, 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. 0.41% of the stock is currently owned by company 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.