RWC Asset Management LLP Purchases 16,640 Shares of Eversource Energy (NYSE:ES)

RWC Asset Management LLP raised its stake in Eversource Energy (NYSE:ES - Free Report) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 410,872 shares of the utilities provider's stock after acquiring an additional 16,640 shares during the quarter. RWC Asset Management LLP owned approximately 0.11% of Eversource Energy worth $23,596,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. South Dakota Investment Council lifted its holdings in shares of Eversource Energy by 24.9% during the fourth quarter. South Dakota Investment Council now owns 33,566 shares of the utilities provider's stock worth $1,928,000 after purchasing an additional 6,700 shares during the period. MONECO Advisors LLC lifted its position in shares of Eversource Energy by 16.3% during the 4th quarter. MONECO Advisors LLC now owns 7,651 shares of the utilities provider's stock valued at $439,000 after acquiring an additional 1,073 shares during the period. Bradley Foster & Sargent Inc. CT grew its holdings in Eversource Energy by 3.8% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 28,425 shares of the utilities provider's stock worth $1,632,000 after purchasing an additional 1,038 shares during the period. Northcape Wealth Management LLC raised its holdings in shares of Eversource Energy by 0.9% during the fourth quarter. Northcape Wealth Management LLC now owns 30,625 shares of the utilities provider's stock valued at $1,759,000 after purchasing an additional 272 shares during the period. Finally, Mcdonald Partners LLC boosted its position in shares of Eversource Energy by 16.3% during the 4th quarter. Mcdonald Partners LLC now owns 14,367 shares of the utilities provider's stock worth $825,000 after purchasing an additional 2,009 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ES. Jefferies Financial Group dropped their price target on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 28th. 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 research report on Thursday, February 13th. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday. Scotiabank dropped their price objective on shares of 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. Finally, Guggenheim reiterated a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Eversource Energy presently has an average rating of "Hold" and an average price target of $67.45.

Eversource Energy Stock Performance

Shares of Eversource Energy stock traded up $0.76 during trading hours on Tuesday, hitting $63.79. 2,660,861 shares of the company's stock traded hands, compared to its average volume of 3,129,149. The company has a fifty day simple moving average of $58.29 and a 200-day simple moving average of $62.49. 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 stock has a market capitalization of $23.40 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 2.35 and a beta of 0.62. Eversource Energy has a 12-month low of $54.75 and a 12-month high of $69.01.

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 analysts' consensus estimates of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. Equities research analysts anticipate that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be given a $0.7525 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 annualized dividend and a dividend yield of 4.72%. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's payout ratio is 130.30%.

Insider Activity at Eversource Energy

In related news, 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 transaction of $61,730.20. Following the completion of the transaction, the vice president now directly owns 24,374 shares in the company, valued at $1,535,318.26. The trade was a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frederica M. Williams sold 3,092 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were 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 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 disclosure for this sale can be found here. 0.41% of the stock is currently 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.