Eversource Energy (NYSE:ES) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its position in shares of Eversource Energy (NYSE:ES - Free Report) by 31.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 20,841 shares of the utilities provider's stock after acquiring an additional 4,977 shares during the quarter. NEOS Investment Management LLC's holdings in Eversource Energy were worth $1,197,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Eversource Energy by 33.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,231 shares of the utilities provider's stock valued at $2,306,000 after purchasing an additional 9,981 shares during the period. Verity & Verity LLC purchased a new position in shares of Eversource Energy in the 4th quarter valued at about $744,000. Nordea Investment Management AB grew its holdings in Eversource Energy by 41.7% in the fourth quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider's stock valued at $99,554,000 after purchasing an additional 510,582 shares during the period. Everett Harris & Co. CA raised its stake in shares of Eversource Energy by 125.2% during the 4th quarter. Everett Harris & Co. CA now owns 8,093 shares of the utilities provider's stock worth $465,000 after buying an additional 4,500 shares during the period. Finally, Soltis Investment Advisors LLC acquired a new stake in Eversource Energy in the 3rd quarter valued at $3,616,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ES shares. Wells Fargo & Company lowered 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. Barclays decreased their target price on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. StockNews.com upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research note on Saturday, March 29th. Finally, Jefferies Financial Group dropped their target price on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a research report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Eversource Energy presently has a consensus rating of "Hold" and an average target price of $67.40.

Eversource Energy Stock Up 0.3 %

Shares of NYSE ES traded up $0.20 during mid-day trading on Thursday, reaching $62.83. The company had a trading volume of 345,225 shares, compared to its average volume of 2,258,423. Eversource Energy has a 52-week low of $54.75 and a 52-week high of $69.01. The stock has a market cap of $23.06 billion, a P/E ratio of 27.20, a PEG ratio of 2.35 and a beta of 0.58. 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 firm has a 50 day simple moving average of $60.58 and a two-hundred day simple moving average of $61.46.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS 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%. Sell-side 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 was paid on Monday, March 31st. Investors of record on Tuesday, March 4th were issued a dividend of $0.7525 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.79%. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio (DPR) is currently 130.30%.

Insider Activity at Eversource Energy

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 completion of the sale, the insider now owns 22,671 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jay S. Buth sold 980 shares of the firm's stock in a transaction dated 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 owns 24,374 shares of the company's stock, valued at $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 currently owned by 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.