OLD Mission Capital LLC Takes Position in Eversource Energy (NYSE:ES)

OLD Mission Capital LLC purchased a new position in Eversource Energy (NYSE:ES - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 33,746 shares of the utilities provider's stock, valued at approximately $1,938,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ES. Geode Capital Management LLC boosted its stake in Eversource Energy by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider's stock worth $547,550,000 after purchasing an additional 517,042 shares during the period. Nemes Rush Group LLC lifted its holdings in shares of Eversource Energy by 816.0% in the fourth quarter. Nemes Rush Group LLC now owns 1,200 shares of the utilities provider's stock valued at $69,000 after purchasing an additional 1,069 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Eversource Energy by 0.5% in the fourth quarter. Franklin Resources Inc. now owns 2,426,436 shares of the utilities provider's stock worth $139,350,000 after buying an additional 11,041 shares during the period. B. Metzler seel. Sohn & Co. AG grew its holdings in shares of Eversource Energy by 6.1% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 48,459 shares of the utilities provider's stock valued at $2,783,000 after buying an additional 2,800 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Eversource Energy by 38.6% during the fourth quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock valued at $945,893,000 after buying an additional 4,585,232 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

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Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Jay S. Buth sold 980 shares of the firm's 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 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Frederica M. Williams sold 3,092 shares of the company's stock in a transaction 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 approximately $1,411,496.46. The trade was a 12.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ES has been the topic of several research analyst reports. Scotiabank lowered their target price on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research note on Thursday, February 13th. StockNews.com lowered shares of Eversource Energy from a "hold" rating to a "sell" rating in a research note on Sunday. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Barclays dropped their price target on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company cut their price objective on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $67.44.

Eversource Energy Stock Down 4.8 %

NYSE:ES traded down $2.80 during trading hours on Monday, reaching $55.55. The company's stock had a trading volume of 1,786,975 shares, compared to its average volume of 2,283,655. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $20.39 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58. Eversource Energy has a one year low of $54.75 and a one year high of $69.01. The business's 50-day moving average is $60.73 and its 200-day moving average is $61.31.

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

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th were given a $0.7525 dividend. This is an increase from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a dividend yield of 5.42%. The ex-dividend date was Tuesday, March 4th. Eversource Energy's dividend payout ratio (DPR) is currently 130.30%.

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.