Fox Run Management L.L.C. Makes New Investment in Eversource Energy (NYSE:ES)

Fox Run Management L.L.C. bought a new stake in shares of Eversource Energy (NYSE:ES - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 20,051 shares of the utilities provider's stock, valued at approximately $1,152,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in Eversource Energy during the third quarter worth $31,000. Kestra Investment Management LLC acquired a new stake in shares of Eversource Energy during the 4th quarter worth about $29,000. Assetmark Inc. lifted its holdings in Eversource Energy by 99.2% during the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 254 shares during the last quarter. Larson Financial Group LLC boosted its position in Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock valued at $38,000 after buying an additional 350 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in 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. Institutional investors own 79.99% of the company's stock.

Insider Buying and Selling

In related news, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the vice president now directly owns 24,374 shares of the company's stock, valued at $1,535,318.26. The trade was a 3.87 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays cut their target price on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Wells Fargo & Company reduced their price objective 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. Jefferies Financial Group decreased their target price on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a report on Tuesday, January 28th. StockNews.com cut Eversource Energy from a "hold" rating to a "sell" rating in a report on Friday, March 21st. Finally, Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Eversource Energy currently has an average rating of "Hold" and an average price target of $67.40.

Eversource Energy Trading Up 0.6 %

Eversource Energy stock traded up $0.37 during trading hours on Thursday, reaching $60.31. 1,487,320 shares of the company's stock traded hands, compared to its average volume of 2,169,001. The firm has a market capitalization of $22.14 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 2.35 and a beta of 0.60. 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 has a fifty-two week low of $54.75 and a fifty-two week high of $69.01. The firm's 50 day moving average is $60.17 and its 200-day moving average is $61.68.

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 for the quarter, beating 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%. On average, analysts predict 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 will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be given a $0.7525 dividend. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Tuesday, March 4th. Eversource Energy's dividend payout ratio (DPR) is currently 130.30%.

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.