Van ECK Associates Corp Has $6.39 Million Stake in Eversource Energy (NYSE:ES)

Van ECK Associates Corp increased its position in Eversource Energy (NYSE:ES - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,331 shares of the utilities provider's stock after purchasing an additional 9,611 shares during the quarter. Van ECK Associates Corp's holdings in Eversource Energy were worth $6,393,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ES. Exchange Traded Concepts LLC acquired a new stake in Eversource Energy during the third quarter valued at approximately $114,000. Creative Planning boosted its stake in Eversource Energy by 6.7% in the 3rd quarter. Creative Planning now owns 86,160 shares of the utilities provider's stock valued at $5,863,000 after buying an additional 5,417 shares in the last quarter. Aaron Wealth Advisors LLC bought a new stake in Eversource Energy in the third quarter valued at $241,000. Net Worth Advisory Group acquired a new position in Eversource Energy during the third quarter worth $221,000. Finally, Blue Trust Inc. lifted its holdings in shares of Eversource Energy by 135.2% during the third quarter. Blue Trust Inc. now owns 2,347 shares of the utilities provider's stock valued at $160,000 after acquiring an additional 1,349 shares during the period. Institutional investors and hedge funds own 79.99% of the company's stock.

Insider Buying and Selling at Eversource Energy

In other news, insider Frederica M. Williams sold 3,092 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total transaction of $192,507.92. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ES shares. 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 report on Tuesday, January 28th. Wells Fargo & Company decreased their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Scotiabank cut 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 note on Thursday, February 13th. StockNews.com raised Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday. Finally, Barclays dropped their price target 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $67.45.

Eversource Energy Trading Up 0.0 %

Shares of ES traded up $0.03 during trading hours on Friday, hitting $63.41. 3,830,695 shares of the stock traded hands, compared to its average volume of 3,167,062. The business has a fifty day moving average of $58.19 and a 200-day moving average of $62.54. The firm has a market capitalization of $23.26 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62. Eversource Energy has a 1-year low of $54.75 and a 1-year high of $69.01. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71.

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 (EPS) 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%. Analysts expect 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 will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's payout ratio is currently 123.81%.

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.