Eversource Energy (NYSE:ES) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of Eversource Energy (NYSE:ES - Free Report) by 31.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,719,720 shares of the utilities provider's stock after acquiring an additional 645,257 shares during the quarter. Hsbc Holdings PLC owned about 0.74% of Eversource Energy worth $155,981,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its stake in shares of Eversource Energy by 10.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider's stock worth $107,000 after purchasing an additional 176 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Eversource Energy by 38.4% during the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock valued at $41,000 after buying an additional 197 shares during the period. Summit Trail Advisors LLC lifted its position in Eversource Energy by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider's stock worth $281,000 after acquiring an additional 216 shares in the last quarter. Keybank National Association OH boosted its holdings in Eversource Energy by 2.6% in the 4th quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider's stock worth $522,000 after acquiring an additional 233 shares during the period. Finally, Whittier Trust Co. grew its position in Eversource Energy by 3.3% in the fourth quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider's stock valued at $444,000 after acquiring an additional 245 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Stock Down 1.1 %

Eversource Energy stock traded down $0.67 during midday trading on Friday, hitting $57.86. The stock had a trading volume of 2,992,213 shares, compared to its average volume of 2,342,677. 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 business has a fifty day moving average price of $59.86 and a 200 day moving average price of $60.30. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $69.01. The stock has a market cap of $21.24 billion, a P/E ratio of 25.05, a P/E/G ratio of 2.35 and a beta of 0.58.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. Research analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 4th were given a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date was Tuesday, March 4th. This is an increase from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio is currently 130.30%.

Wall Street Analyst Weigh In

ES has been the topic of a number of recent research reports. Scotiabank reduced 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 report on Thursday, February 13th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $58.00 price objective (down previously from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. StockNews.com cut shares of Eversource Energy from a "hold" rating to a "sell" rating in a research report on Friday. Jefferies Financial Group dropped their target price on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 28th. Finally, Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Eversource Energy currently has a consensus rating of "Hold" and an average price target of $65.78.

Insider Buying and Selling

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 value of $192,507.92. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $61,730.20. Following the transaction, the vice president now directly owns 24,374 shares of the company's stock, valued at approximately $1,535,318.26. This trade represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

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.