Fisher Asset Management LLC Sells 6,496 Shares of Eversource Energy (NYSE:ES)

Fisher Asset Management LLC trimmed its holdings in Eversource Energy (NYSE:ES - Free Report) by 52.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,810 shares of the utilities provider's stock after selling 6,496 shares during the period. Fisher Asset Management LLC's holdings in Eversource Energy were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in Eversource Energy during the fourth quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new position in Eversource Energy during the third quarter valued at approximately $31,000. Ashton Thomas Securities LLC acquired a new position in Eversource Energy during the third quarter valued at approximately $32,000. Venturi Wealth Management LLC grew its stake in shares of Eversource Energy by 104.5% during the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock worth $34,000 after buying an additional 301 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock worth $38,000 after buying an additional 350 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Frederica M. Williams sold 3,092 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the sale, the insider now owns 22,671 shares in the company, valued at $1,411,496.46. This represents a 12.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jay S. Buth sold 980 shares of the firm's stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. Company insiders own 0.41% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barclays decreased their target price on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. StockNews.com cut shares of Eversource Energy from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Wells Fargo & Company decreased their target price on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Scotiabank decreased their target price on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research note on Thursday, February 13th. Finally, Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Eversource Energy has a consensus rating of "Hold" and an average price target of $67.45.

Eversource Energy Trading Up 3.8 %

ES traded up $2.26 during trading on Friday, reaching $60.97. 2,954,696 shares of the stock traded hands, compared to its average volume of 2,207,165. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $22.36 billion, a PE ratio of 26.39, a P/E/G ratio of 2.35 and a beta of 0.60. The stock's 50-day moving average is $59.09 and its 200 day moving average is $62.26. Eversource Energy has a 12 month low of $54.75 and a 12 month high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings results 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%. Equities analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 annualized dividend and a dividend yield of 4.94%. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio is currently 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.