Fmr LLC Purchases 333,529 Shares of Eversource Energy (NYSE:ES)

FMR LLC grew its position in shares of Eversource Energy (NYSE:ES - Free Report) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,352,593 shares of the utilities provider's stock after buying an additional 333,529 shares during the quarter. FMR LLC owned 2.01% of Eversource Energy worth $422,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC grew its stake in Eversource Energy by 0.5% in the 3rd quarter. HighTower Advisors LLC now owns 59,170 shares of the utilities provider's stock worth $4,016,000 after acquiring an additional 293 shares in the last quarter. Quantinno Capital Management LP increased its stake in Eversource Energy by 48.0% during the 3rd quarter. Quantinno Capital Management LP now owns 32,489 shares of the utilities provider's stock valued at $2,211,000 after purchasing an additional 10,543 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in Eversource Energy by 78.3% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 17,107 shares of the utilities provider's stock worth $1,164,000 after acquiring an additional 7,513 shares during the last quarter. MML Investors Services LLC boosted its position in Eversource Energy by 39.5% in the third quarter. MML Investors Services LLC now owns 21,435 shares of the utilities provider's stock valued at $1,459,000 after buying an additional 6,069 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of Eversource Energy by 95.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 16,981 shares of the utilities provider's stock worth $1,156,000 after acquiring an additional 8,272 shares during the period. Institutional investors own 79.99% of the company's stock.

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Eversource Energy Price Performance

Shares of NYSE ES traded down $0.29 during mid-day trading on Tuesday, reaching $58.20. The company had a trading volume of 621,718 shares, compared to its average volume of 2,320,137. The company has a 50-day moving average price of $60.41 and a two-hundred day moving average price of $60.74. 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 market cap of $21.36 billion, a PE ratio of 25.23, a P/E/G ratio of 2.35 and a beta of 0.58. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.7525 per share. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend was Tuesday, March 4th. Eversource Energy's payout ratio is currently 130.30%.

Insider Activity

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the firm's stock in a transaction on 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 owns 22,671 shares of the company's stock, valued at $1,411,496.46. This trade represents a 12.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jay S. Buth sold 980 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.99, for a total value of $61,730.20. Following the completion of the sale, the vice president now owns 24,374 shares of the company's stock, valued at $1,535,318.26. This trade represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Guggenheim restated a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. JPMorgan Chase & Co. restated an "underweight" rating and set a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Scotiabank lowered their price target on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a report on Thursday, February 13th. Wells Fargo & Company decreased their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Finally, Barclays reduced their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Eversource Energy has an average rating of "Hold" and a consensus target price of $65.78.

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.