Eversource Energy (NYSE:ES) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in Eversource Energy (NYSE:ES) by 14.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,188 shares of the utilities provider’s stock after buying an additional 12,382 shares during the period. Cetera Investment Advisers’ holdings in Eversource Energy were worth $5,582,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ES. Wellington Management Group LLP increased its position in Eversource Energy by 38.6% during the fourth quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider’s stock worth $945,893,000 after purchasing an additional 4,585,232 shares during the last quarter. Norges Bank purchased a new position in Eversource Energy during the fourth quarter worth about $188,838,000. Amundi raised its stake in Eversource Energy by 32.2% during the fourth quarter. Amundi now owns 6,482,546 shares of the utilities provider’s stock worth $367,691,000 after purchasing an additional 1,579,818 shares during the period. Vanguard Group Inc. raised its stake in Eversource Energy by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider’s stock worth $2,561,936,000 after purchasing an additional 1,387,072 shares during the period. Finally, Magellan Asset Management Ltd raised its stake in Eversource Energy by 15.9% during the fourth quarter. Magellan Asset Management Ltd now owns 6,474,477 shares of the utilities provider’s stock worth $371,829,000 after purchasing an additional 890,514 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Eversource Energy

In related news, insider Frederica M. Williams sold 3,092 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were 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 owns 22,671 shares in the company, valued at $1,411,496.46. This represents a 12.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jay S. Buth sold 980 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.99, for a total transaction of $61,730.20. Following the completion of the sale, the vice president now owns 24,374 shares of the company’s stock, valued at approximately $1,535,318.26. This trade represents a 3.87% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ES shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Barclays reduced 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. BMO Capital Markets lifted their target price on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a “market perform” rating in a research note on Monday, April 28th. 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 research note on Thursday, February 13th. Finally, Wells Fargo & Company reduced their price target on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $65.78.

Eversource Energy Stock Up 1.1%

Shares of NYSE:ES opened at $62.96 on Wednesday. The company has a market capitalization of $23.13 billion, a PE ratio of 27.26, a P/E/G ratio of 2.35 and a beta of 0.61. 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 has a twelve month low of $52.28 and a twelve month high of $69.01. The firm has a 50 day simple moving average of $59.51 and a 200-day simple moving average of $59.88.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.65 billion. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. The company’s revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.49 EPS. On average, equities analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.7525 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.01 annualized dividend and a dividend yield of 4.78%. Eversource Energy’s dividend payout ratio is presently 129.74%.

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.