Ossiam lessened its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 62.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,432 shares of the utilities provider's stock after selling 22,670 shares during the quarter. Ossiam's holdings in Eversource Energy were worth $771,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Eversource Energy by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock worth $2,561,936,000 after purchasing an additional 1,387,072 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Eversource Energy by 38.6% in the 4th quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock worth $945,893,000 after buying an additional 4,585,232 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Eversource Energy by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider's stock valued at $570,500,000 after acquiring an additional 226,972 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Eversource Energy by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider's stock worth $547,550,000 after acquiring an additional 517,042 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Eversource Energy by 4.8% in the fourth quarter. FMR LLC now owns 7,352,593 shares of the utilities provider's stock worth $422,259,000 after acquiring an additional 333,529 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.
Insider Buying and Selling at Eversource Energy
In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $1,411,496.46. This trade represents a 12.00 % decrease in their position. The sale 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 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.41% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on ES. Guggenheim reiterated 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 report on Monday, April 14th. 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. Jefferies Financial Group dropped their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a report on Tuesday, January 28th. Finally, Scotiabank decreased their target price on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Eversource Energy presently has a consensus rating of "Hold" and an average price target of $65.78.
View Our Latest Report on ES
Eversource Energy Stock Down 1.1 %
Shares of ES stock traded down $0.67 on Friday, hitting $57.86. The company's stock had a trading volume of 2,992,213 shares, compared to its average volume of 2,339,049. The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 2.35 and a beta of 0.58. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01. The firm's fifty day moving average price is $59.93 and its 200-day moving average price is $60.34. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76.
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%. Research analysts anticipate 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 issued a dividend of $0.7525 per share. The ex-dividend date was Tuesday, March 4th. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.20%. Eversource Energy's payout ratio is 130.30%.
Eversource Energy Profile
(
Free Report)
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.
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