1,506 Shares in Eversource Energy (NYSE:ES) Acquired by Vision Financial Markets LLC

Vision Financial Markets LLC acquired a new position in Eversource Energy (NYSE:ES) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,506 shares of the utilities provider’s stock, valued at approximately $86,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cullen Frost Bankers Inc. boosted its holdings in shares of Eversource Energy by 2,271.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,494 shares of the utilities provider’s stock worth $86,000 after buying an additional 1,431 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Eversource Energy by 2.9% in the fourth quarter. Arizona State Retirement System now owns 103,803 shares of the utilities provider’s stock worth $5,961,000 after buying an additional 2,883 shares during the last quarter. Aigen Investment Management LP boosted its holdings in shares of Eversource Energy by 332.2% in the fourth quarter. Aigen Investment Management LP now owns 38,122 shares of the utilities provider’s stock worth $2,189,000 after buying an additional 29,301 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Eversource Energy in the fourth quarter worth approximately $7,691,000. Finally, M&T Bank Corp lifted its holdings in Eversource Energy by 3.6% during the fourth quarter. M&T Bank Corp now owns 27,845 shares of the utilities provider’s stock valued at $1,599,000 after purchasing an additional 978 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

ES has been the topic of several analyst reports. Jefferies Financial Group lowered their price target on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company lowered 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. Guggenheim reaffirmed a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Barclays lowered their price target on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, Scotiabank reduced 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. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Eversource Energy has a consensus rating of “Hold” and a consensus target price of $67.45.

Insider Buying and Selling at Eversource Energy

In other news, insider Frederica M. Williams sold 3,092 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jay S. Buth sold 980 shares of the business’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 sale, the vice president now directly owns 24,374 shares of the company’s stock, valued at $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. Company insiders own 0.41% of the company’s stock.

Eversource Energy Trading Down 1.5 %

Shares of ES opened at $58.83 on Thursday. The company’s fifty day moving average is $58.99 and its 200 day moving average is $62.35. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01. The stock has a market capitalization of $21.58 billion, a PE ratio of 25.47, a P/E/G ratio of 2.35 and a beta of 0.60. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. Sell-side analysts expect 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 will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 5.12%. Eversource Energy’s payout ratio is 130.30%.

About Eversource Energy

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.