Generali Investments CEE investicni spolecnost a.s. Invests $149,000 in Eversource Energy (NYSE:ES)

Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Eversource Energy (NYSE:ES) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,600 shares of the utilities provider’s stock, valued at approximately $149,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ES. State Street Corp lifted its position in shares of Eversource Energy by 1.7% during the 3rd quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock valued at $1,737,990,000 after buying an additional 430,587 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Eversource Energy during the 3rd quarter valued at approximately $808,783,000. Charles Schwab Investment Management Inc. lifted its position in shares of 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 buying an additional 226,972 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Eversource Energy by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 9,040,171 shares of the utilities provider’s stock valued at $613,233,000 after buying an additional 268,588 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Eversource Energy by 2.7% during the 3rd quarter. FMR LLC now owns 7,019,064 shares of the utilities provider’s stock valued at $477,647,000 after buying an additional 185,381 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Ratings Changes

ES has been the topic of a number of recent analyst reports. Jefferies Financial Group decreased their price objective on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. StockNews.com lowered Eversource Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Wells Fargo & Company decreased their price objective on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Finally, Barclays decreased their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Eversource Energy has an average rating of “Hold” and an average price target of $67.45.

Eversource Energy Stock Up 3.8 %

NYSE ES opened at $60.97 on Monday. The business’s fifty day simple moving average is $59.09 and its 200-day simple moving average is $62.23. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The firm has a market cap of $22.36 billion, a PE ratio of 26.39, a P/E/G ratio of 2.35 and a beta of 0.60. Eversource Energy has a 52 week low of $54.75 and a 52 week high of $69.01.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The firm 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 dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.94%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Tuesday, March 4th. Eversource Energy’s dividend payout ratio (DPR) is presently 130.30%.

Insider Buying and Selling

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of Eversource Energy 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 completion of the transaction, the insider now directly owns 22,671 shares of the company’s stock, valued at $1,411,496.46. The trade was a 12.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.99, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Eversource Energy 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.