38,700 Shares in Eversource Energy (NYSE:ES) Purchased by LSV Asset Management

LSV Asset Management purchased a new stake in shares of Eversource Energy (NYSE:ES - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 38,700 shares of the utilities provider's stock, valued at approximately $2,223,000.

Other large investors have also recently made changes to their positions in the company. Mizuho Bank Ltd. purchased a new position in shares of Eversource Energy during the 4th quarter worth approximately $26,000. Kestra Investment Management LLC bought a new position in Eversource Energy in the fourth quarter worth $29,000. Assetmark Inc. lifted its position 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 buying an additional 254 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Eversource Energy by 104.5% during the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after buying an additional 301 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Eversource Energy in the 4th quarter worth about $35,000. 79.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ES shares. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Monday, April 14th. 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 report on Tuesday, January 28th. Wells Fargo & Company lowered their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $58.00 target price (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Finally, Scotiabank decreased their price objective 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. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $65.78.

Eversource Energy Stock Performance

ES traded down $0.68 during trading on Friday, hitting $57.38. The company's stock had a trading volume of 3,762,639 shares, compared to its average volume of 2,335,212. Eversource Energy has a one year low of $52.28 and a one year high of $69.01. The business's 50 day simple moving average is $60.22 and its 200-day simple moving average is $60.56. 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 firm has a market cap of $21.06 billion, a PE ratio of 24.84, 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 EPS for the quarter, topping 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%. As a group, sell-side analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th were given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 5.25%. This is an increase from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date was Tuesday, March 4th. Eversource Energy's dividend payout ratio (DPR) is presently 130.30%.

Insider Activity at Eversource Energy

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction on 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 directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction that occurred on Friday, February 21st. The stock was 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 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. 0.41% of the stock is owned by corporate insiders.

About Eversource Energy

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.