Eversource Energy (NYSE:ES) Shares Purchased by Inceptionr LLC

Inceptionr LLC lifted its stake in Eversource Energy (NYSE:ES) by 134.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,377 shares of the utilities provider’s stock after purchasing an additional 16,271 shares during the quarter. Inceptionr LLC’s holdings in Eversource Energy were worth $1,630,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of Eversource Energy by 1.7% in the third quarter. State Street Corp now owns 25,539,895 shares of the utilities provider’s stock valued at $1,737,990,000 after purchasing an additional 430,587 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Eversource Energy during the third quarter worth $808,783,000. Charles Schwab Investment Management Inc. increased its stake in Eversource Energy by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider’s stock worth $570,500,000 after acquiring an additional 226,972 shares during the last quarter. Geode Capital Management LLC increased its stake in Eversource Energy by 3.1% during the third quarter. Geode Capital Management LLC now owns 9,040,171 shares of the utilities provider’s stock worth $613,233,000 after acquiring an additional 268,588 shares during the last quarter. Finally, FMR LLC increased its stake in Eversource Energy by 2.7% during the third quarter. FMR LLC now owns 7,019,064 shares of the utilities provider’s stock worth $477,647,000 after acquiring an additional 185,381 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insiders Place Their Bets

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 value of $192,507.92. Following the completion of the sale, the insider now directly owns 22,671 shares of the company’s stock, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $61,730.20. Following the completion of the sale, the vice president now directly owns 24,374 shares of the company’s stock, valued at $1,535,318.26. The trade was a 3.87 % 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.

Eversource Energy Trading Down 1.5 %

NYSE:ES opened at $58.83 on Thursday. The firm has a market cap of $21.58 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 2.35 and a beta of 0.60. The stock has a fifty day moving average price of $58.99 and a 200 day moving average price of $62.35. Eversource Energy has a 12-month low of $54.75 and a 12-month 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) 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 return on equity of 10.99% and a net margin of 6.82%. Sell-side analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently declared 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 5.12%. 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 payout ratio is 130.30%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Scotiabank cut their target price on 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. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Wells Fargo & Company cut their target price on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Barclays dropped their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group dropped their price objective on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Eversource Energy presently has a consensus rating of “Hold” and an average target price of $67.45.

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.