Eversource Energy (NYSE:ES) Shares Acquired by Groupama Asset Managment

Groupama Asset Managment lifted its stake in Eversource Energy (NYSE:ES) by 235.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,457 shares of the utilities provider’s stock after buying an additional 19,973 shares during the period. Groupama Asset Managment’s holdings in Eversource Energy were worth $1,631,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ES. Erste Asset Management GmbH purchased a new stake in shares of Eversource Energy in the 3rd quarter valued at about $442,000. Benjamin Edwards Inc. lifted its stake in Eversource Energy by 3,810.3% in the third quarter. Benjamin Edwards Inc. now owns 15,954 shares of the utilities provider’s stock valued at $1,086,000 after buying an additional 15,546 shares during the last quarter. Chevy Chase Trust Holdings LLC boosted its holdings in shares of Eversource Energy by 0.5% in the third quarter. Chevy Chase Trust Holdings LLC now owns 193,317 shares of the utilities provider’s stock valued at $13,155,000 after acquiring an additional 1,020 shares during the period. HighTower Advisors LLC grew its position in shares of Eversource Energy by 0.5% during the third quarter. HighTower Advisors LLC now owns 59,170 shares of the utilities provider’s stock worth $4,016,000 after acquiring an additional 293 shares during the last quarter. Finally, Investment Management Corp of Ontario increased its holdings in shares of Eversource Energy by 50.2% in the 3rd quarter. Investment Management Corp of Ontario now owns 11,663 shares of the utilities provider’s stock valued at $794,000 after acquiring an additional 3,900 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Jay S. Buth sold 980 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.99, for a total value of $61,730.20. Following the sale, the vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frederica M. Williams sold 3,092 shares of the firm’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 transaction, the insider now directly owns 22,671 shares of the company’s stock, valued at approximately $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 owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Scotiabank lowered their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research report on Thursday, February 13th. Guggenheim restated a “buy” rating on shares of Eversource Energy in a research 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 for the company in a research report on Thursday, February 13th. Jefferies Financial Group dropped their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. Finally, Barclays decreased 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $67.40.

Eversource Energy Trading Up 1.0 %

NYSE:ES opened at $62.68 on Thursday. Eversource Energy has a 1 year low of $54.75 and a 1 year high of $69.01. 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 stock has a fifty day moving average price of $60.58 and a two-hundred day moving average price of $61.46. The stock has a market capitalization of $23.01 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.35 and a beta of 0.58.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data 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 net margin of 6.82% and a return on equity of 10.99%. As a group, sell-side analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 4th were paid a $0.7525 dividend. 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 4.80%. The ex-dividend date was Tuesday, March 4th. Eversource Energy’s dividend payout ratio (DPR) is presently 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.