Eversource Energy (NYSE:ES) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in Eversource Energy (NYSE:ES - Free Report) by 78.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,661 shares of the utilities provider's stock after acquiring an additional 94,495 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of Eversource Energy worth $12,385,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Keybank National Association OH increased its position in shares of Eversource Energy by 2.6% in the fourth quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider's stock worth $522,000 after acquiring an additional 233 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Eversource Energy by 2.3% during the 4th 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. State of Michigan Retirement System grew its holdings in Eversource Energy by 1.1% during the 4th quarter. State of Michigan Retirement System now owns 106,533 shares of the utilities provider's stock valued at $6,118,000 after purchasing an additional 1,200 shares in the last quarter. Kelly Financial Group LLC acquired a new stake in Eversource Energy during the 4th quarter valued at $326,000. Finally, Plato Investment Management Ltd grew its holdings in Eversource Energy by 0.7% during the 4th quarter. Plato Investment Management Ltd now owns 55,724 shares of the utilities provider's stock valued at $3,212,000 after purchasing an additional 404 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

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Insider Activity at Eversource Energy

In other Eversource Energy news, VP Jay S. Buth sold 980 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.99, for a total transaction of $61,730.20. Following the sale, the vice president now directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. The trade was a 3.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the insider now owns 22,671 shares in the company, valued at $1,411,496.46. This trade represents a 12.00 % 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 insiders.

Wall Street Analyst Weigh In

ES has been the subject of a number of recent analyst reports. Barclays lowered their price target on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. StockNews.com raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Thursday. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Jefferies Financial Group decreased their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. Finally, Scotiabank decreased their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a report on Thursday, February 13th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $67.45.

Eversource Energy Stock Performance

Shares of Eversource Energy stock traded up $1.39 during trading hours on Friday, reaching $61.50. The company's stock had a trading volume of 1,851,850 shares, compared to its average volume of 2,183,706. The company's 50 day simple moving average is $59.42 and its 200 day simple moving average is $62.05. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. Eversource Energy has a one year low of $54.75 and a one year high of $69.01. The stock has a market cap of $22.57 billion, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 2.35 and a beta of 0.60.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.82% and a return on equity of 10.99%. As a group, analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a $0.7525 dividend. The ex-dividend date is Tuesday, March 4th. This is an increase from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a yield of 4.89%. Eversource Energy's dividend payout ratio (DPR) is currently 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.