Schroder Investment Management Group Sells 12,196 Shares of Eversource Energy (NYSE:ES)

Schroder Investment Management Group lowered its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 21.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,066 shares of the utilities provider's stock after selling 12,196 shares during the period. Schroder Investment Management Group's holdings in Eversource Energy were worth $2,582,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new position in shares of Eversource Energy in the fourth quarter valued at approximately $29,000. Assetmark Inc. boosted its holdings in Eversource Energy by 99.2% in the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 254 shares during the period. Venturi Wealth Management LLC boosted its holdings in Eversource Energy by 104.5% in the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 301 shares during the period. OFI Invest Asset Management purchased a new position in shares of Eversource Energy during the 4th quarter valued at $35,000. Finally, UMB Bank n.a. raised its position in shares of Eversource Energy by 38.4% in the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock worth $41,000 after buying an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Eversource Energy Trading Up 1.0 %

Shares of Eversource Energy stock traded up $0.58 during trading on Friday, reaching $56.27. The company's stock had a trading volume of 2,615,044 shares, compared to its average volume of 2,324,396. The company has a market cap of $20.66 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 2.35 and a beta of 0.58. The firm's 50-day moving average is $60.41 and its two-hundred day moving average is $60.84. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71.

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Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, sell-side analysts anticipate 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. Shareholders of record on Tuesday, March 4th were paid a $0.7525 dividend. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend was Tuesday, March 4th. Eversource Energy's payout ratio is 130.30%.

Insider Buying and Selling at Eversource Energy

In related news, insider Frederica M. Williams sold 3,092 shares of the firm's 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 directly owns 22,671 shares of the company's stock, valued at $1,411,496.46. This trade represents a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Jay S. Buth sold 980 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were 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 $1,535,318.26. The trade was a 3.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ES shares. JPMorgan Chase & Co. restated an "underweight" rating and set a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research report on Thursday. Barclays cut their price objective on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. Jefferies Financial Group lowered their target price on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 28th. Scotiabank dropped 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. Finally, Wells Fargo & Company decreased their price target on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $65.78.

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.