Eversource Energy (NYSE:ES) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its position in shares of Eversource Energy (NYSE:ES - Free Report) by 19.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,387 shares of the utilities provider's stock after buying an additional 6,098 shares during the period. Elo Mutual Pension Insurance Co's holdings in Eversource Energy were worth $2,147,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Eversource Energy by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock valued at $2,561,936,000 after buying an additional 1,387,072 shares in the last quarter. State Street Corp raised its position in Eversource Energy by 1.7% during the third quarter. State Street Corp now owns 25,539,895 shares of the utilities provider's stock worth $1,737,990,000 after acquiring an additional 430,587 shares during the period. Wellington Management Group LLP purchased a new position in Eversource Energy during the third quarter valued at $808,783,000. Charles Schwab Investment Management Inc. grew its position in shares of Eversource Energy by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider's stock valued at $570,500,000 after purchasing an additional 226,972 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Eversource Energy by 3.1% in the third quarter. Geode Capital Management LLC now owns 9,040,171 shares of the utilities provider's stock valued at $613,233,000 after purchasing an additional 268,588 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Stock Up 0.3 %

ES stock traded up $0.20 during mid-day trading on Thursday, reaching $62.83. The company had a trading volume of 345,225 shares, compared to its average volume of 2,792,187. The firm has a fifty day simple moving average of $60.58 and a 200 day simple moving average of $61.46. The company has a market capitalization of $23.06 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week 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 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%. Analysts forecast 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. Shareholders of record on Tuesday, March 4th were paid a $0.7525 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a yield of 4.79%. Eversource Energy's dividend payout ratio (DPR) is currently 130.30%.

Insider Transactions at Eversource Energy

In other news, 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 completion of the sale, the vice president now owns 24,374 shares in the company, valued at approximately $1,535,318.26. The trade was a 3.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frederica M. Williams sold 3,092 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ES. Jefferies Financial Group decreased their price target 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. Wells Fargo & Company dropped their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Barclays cut their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. Scotiabank reduced 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, StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Saturday, March 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Eversource Energy currently has a consensus rating of "Hold" and a consensus price target of $67.40.

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.