UniSuper Management Pty Ltd Grows Position in Eversource Energy (NYSE:ES)

UniSuper Management Pty Ltd raised its holdings in Eversource Energy (NYSE:ES - Free Report) by 33.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,622 shares of the utilities provider's stock after acquiring an additional 10,421 shares during the period. UniSuper Management Pty Ltd's holdings in Eversource Energy were worth $2,390,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in shares of Eversource Energy in the third quarter valued at approximately $31,000. Kestra Investment Management LLC acquired a new stake in shares of Eversource Energy during the 4th quarter worth about $29,000. Assetmark Inc. lifted its position in Eversource Energy by 99.2% in the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after buying an additional 254 shares during the last quarter. Larson Financial Group LLC boosted its stake in Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock worth $38,000 after buying an additional 350 shares during the period. Finally, Venturi Wealth Management LLC increased its position in shares of Eversource Energy by 104.5% during the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 301 shares during the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays lowered their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. Jefferies Financial Group decreased 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. Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Wells Fargo & Company decreased their target price on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Finally, Scotiabank dropped their target price 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $67.40.

Insider Buying and Selling at Eversource Energy

In other news, 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 value of $192,507.92. Following the completion of the transaction, the insider now owns 22,671 shares in the company, valued at approximately $1,411,496.46. This represents a 12.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following the sale, the vice president now owns 24,374 shares in the company, valued at $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 owned by insiders.

Eversource Energy Stock Up 0.3 %

Shares of Eversource Energy stock traded up $0.20 on Thursday, reaching $62.83. 345,225 shares of the company were exchanged, compared to its average volume of 2,792,187. The stock's 50 day moving average price is $60.58 and its 200-day moving average price is $61.46. 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 has a 1-year low of $54.75 and a 1-year high of $69.01. The company has a market cap of $23.06 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58.

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

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 4th were issued a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 4.79%. The ex-dividend date was Tuesday, March 4th. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio is 130.30%.

Eversource Energy Company Profile

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.