4,339 Shares in Eversource Energy (NYSE:ES) Acquired by Impact Capital Partners LLC

Impact Capital Partners LLC acquired a new position in Eversource Energy (NYSE:ES - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,339 shares of the utilities provider's stock, valued at approximately $249,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Kestra Investment Management LLC bought a new stake in Eversource Energy during the fourth quarter valued at $29,000. Assetmark Inc. increased its stake in Eversource Energy by 99.2% during the fourth 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. Brooklyn Investment Group bought a new stake in Eversource Energy during the third quarter valued at $31,000. Ashton Thomas Securities LLC bought a new stake in Eversource Energy during the third quarter valued at $32,000. Finally, Venturi Wealth Management LLC boosted its holdings 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 valued at $34,000 after acquiring an additional 301 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

Insiders Place Their Bets

In other Eversource Energy news, VP Jay S. Buth sold 980 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following the sale, the vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frederica M. Williams sold 3,092 shares of the business's stock in a transaction dated 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 owns 22,671 shares in the company, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Jefferies Financial Group reduced their price target on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Thursday, March 13th. Wells Fargo & Company reduced their price target on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Finally, Scotiabank reduced their price target on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Eversource Energy has an average rating of "Hold" and an average price target of $67.45.

Eversource Energy Price Performance

ES stock traded down $0.33 during trading on Wednesday, hitting $61.57. The company had a trading volume of 1,591,252 shares, compared to its average volume of 2,179,705. The firm has a market capitalization of $22.60 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 2.35 and a beta of 0.60. The business has a 50 day moving average of $59.65 and a 200 day moving average of $61.94. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71.

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 net margin of 6.82% and a return on equity of 10.99%. As a group, research analysts predict 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. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 4.89%. The ex-dividend date is Tuesday, March 4th. This is an increase from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's payout ratio is presently 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.