Eversource Energy (NYSE:ES) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 38.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,470,356 shares of the utilities provider's stock after purchasing an additional 4,585,232 shares during the quarter. Wellington Management Group LLP owned approximately 4.49% of Eversource Energy worth $945,893,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ES. Exchange Traded Concepts LLC increased its holdings in shares of Eversource Energy by 10.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider's stock worth $107,000 after buying an additional 176 shares during the last quarter. UMB Bank n.a. grew its position in Eversource Energy by 38.4% during the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 197 shares during the period. Summit Trail Advisors LLC increased its stake in Eversource Energy by 4.6% during the fourth quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider's stock worth $281,000 after acquiring an additional 216 shares during the last quarter. Keybank National Association OH raised its holdings in shares of Eversource Energy by 2.6% in the 4th quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider's stock worth $522,000 after purchasing an additional 233 shares during the period. Finally, Whittier Trust Co. lifted its stake in shares of Eversource Energy by 3.3% in the 4th quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider's stock valued at $444,000 after purchasing an additional 245 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wells Fargo & Company cut 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. Barclays cut their target price on shares of Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Scotiabank reduced their target price on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group lowered their price target on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. Finally, Guggenheim restated a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Eversource Energy has a consensus rating of "Hold" and an average target price of $67.40.

Insider Activity

In related news, insider Frederica M. Williams sold 3,092 shares of the company's stock in a transaction that occurred on 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 directly owns 22,671 shares of the company's stock, valued at approximately $1,411,496.46. This represents a 12.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the vice president now directly owns 24,374 shares of the company's stock, valued at approximately $1,535,318.26. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.41% of the company's stock.

Eversource Energy Stock Down 1.3 %

Shares of NYSE:ES traded down $0.82 during trading on Thursday, hitting $61.81. The company's stock had a trading volume of 3,874,716 shares, compared to its average volume of 2,272,259. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01. The stock's 50-day moving average price is $60.58 and its two-hundred day moving average price is $61.46. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $22.69 billion, a PE ratio of 26.76, a PEG ratio of 2.35 and a beta of 0.58.

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

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.7525 per share. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a yield of 4.87%. The ex-dividend date was Tuesday, March 4th. 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.