Eversource Energy (NYSE:ES) Shares Acquired by Inceptionr LLC

Inceptionr LLC raised its stake in Eversource Energy (NYSE:ES - Free Report) by 134.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,377 shares of the utilities provider's stock after buying an additional 16,271 shares during the quarter. Inceptionr LLC's holdings in Eversource Energy were worth $1,630,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in shares of Eversource Energy by 12.2% during the 3rd quarter. Van ECK Associates Corp now owns 101,720 shares of the utilities provider's stock worth $6,824,000 after purchasing an additional 11,062 shares during the period. Intact Investment Management Inc. purchased a new position in shares of Eversource Energy during the 3rd quarter worth $75,000. National Pension Service grew its holdings in shares of Eversource Energy by 5.5% during the 3rd quarter. National Pension Service now owns 524,479 shares of the utilities provider's stock worth $35,691,000 after purchasing an additional 27,183 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Eversource Energy by 4.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 133,407 shares of the utilities provider's stock worth $9,078,000 after purchasing an additional 5,505 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in shares of Eversource Energy by 13.7% during the 3rd quarter. QRG Capital Management Inc. now owns 10,127 shares of the utilities provider's stock worth $689,000 after purchasing an additional 1,222 shares during the period. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Guggenheim restated a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Wells Fargo & Company lowered their target price on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Barclays lowered their target price 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. Jefferies Financial Group lowered their target price on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. Finally, StockNews.com cut Eversource Energy from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $67.45.

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Jay S. Buth sold 980 shares of Eversource Energy 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 transaction, the vice president now owns 24,374 shares of the company's stock, valued at $1,535,318.26. The trade was a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total value of $192,507.92. Following 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company's stock.

Eversource Energy Stock Up 3.8 %

ES stock traded up $2.26 during mid-day trading on Friday, reaching $60.97. The company had a trading volume of 2,954,696 shares, compared to its average volume of 2,207,165. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $22.36 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 2.35 and a beta of 0.60. The firm has a fifty day simple moving average of $59.09 and a 200 day simple moving average of $62.26. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio (DPR) is 130.30%.

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.