Quantbot Technologies LP Makes New $6.27 Million Investment in Eversource Energy (NYSE:ES)

Quantbot Technologies LP acquired a new position in shares of Eversource Energy (NYSE:ES - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 109,112 shares of the utilities provider's stock, valued at approximately $6,266,000.

A number of other hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in Eversource Energy by 1.7% during the 3rd quarter. State Street Corp now owns 25,539,895 shares of the utilities provider's stock valued at $1,737,990,000 after acquiring an additional 430,587 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Eversource Energy during the 3rd quarter worth approximately $808,783,000. Charles Schwab Investment Management Inc. grew its position in shares of Eversource Energy by 2.3% in 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 purchasing an additional 226,972 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Eversource Energy by 3.1% in the third quarter. Geode Capital Management LLC now owns 9,040,171 shares of the utilities provider's stock valued at $613,233,000 after purchasing an additional 268,588 shares during the last quarter. Finally, FMR LLC lifted its position in Eversource Energy by 2.7% during the third quarter. FMR LLC now owns 7,019,064 shares of the utilities provider's stock worth $477,647,000 after buying an additional 185,381 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 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 of the company's stock, valued at $1,411,496.46. This trade represents a 12.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $61,730.20. Following the transaction, the vice president now directly owns 24,374 shares of the company's stock, valued at approximately $1,535,318.26. This represents a 3.87 % 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.

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Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wells Fargo & Company cut their target price on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. StockNews.com downgraded shares of Eversource Energy from a "hold" rating to a "sell" rating in a research note on Friday. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research note 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 on the stock in a research report on Tuesday, January 28th. Finally, Scotiabank lowered their price objective on 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, four have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $67.45.

Eversource Energy Trading Down 0.1 %

Shares of NYSE ES traded down $0.04 during trading on Monday, reaching $60.90. The stock had a trading volume of 956,134 shares, compared to its average volume of 2,173,963. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $22.35 billion, a P/E ratio of 26.36, a PEG ratio of 2.35 and a beta of 0.60. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01. The business's 50-day moving average price is $59.94 and its 200-day moving average price is $61.80.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating 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%. On average, equities research analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced 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. The ex-dividend date is 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 yield of 4.94%. Eversource Energy's dividend payout ratio is 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.