B. Metzler seel. Sohn & Co. AG Purchases 2,800 Shares of Eversource Energy (NYSE:ES)

B. Metzler seel. Sohn & Co. AG boosted its position in shares of Eversource Energy (NYSE:ES) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 48,459 shares of the utilities provider’s stock after buying an additional 2,800 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Eversource Energy were worth $2,783,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its position in shares of Eversource Energy by 10.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 176 shares during the last quarter. UMB Bank n.a. boosted its holdings in Eversource Energy by 38.4% during the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock worth $41,000 after buying an additional 197 shares during the last quarter. Summit Trail Advisors LLC grew its position in shares of Eversource Energy by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider’s stock worth $281,000 after buying an additional 216 shares during the period. Keybank National Association OH increased its stake in shares of Eversource Energy by 2.6% in the 4th quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider’s stock valued at $522,000 after acquiring an additional 233 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in Eversource Energy by 3.3% during the 4th quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider’s stock worth $444,000 after acquiring an additional 245 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Barclays dropped their price objective on 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. Jefferies Financial Group reduced 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. Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Finally, Wells Fargo & Company cut 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.40.

Eversource Energy Trading Up 0.1 %

NYSE ES opened at $62.15 on Wednesday. Eversource Energy has a 52 week low of $54.75 and a 52 week 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’s 50 day moving average price is $60.44 and its two-hundred day moving average price is $61.45. The stock has a market capitalization of $22.81 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 2.35 and a beta of 0.60.

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

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 4th were given a $0.7525 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.84%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is currently 130.30%.

Insider Buying and Selling

In other news, insider Frederica M. Williams sold 3,092 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were 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 in the company, valued at $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 available at this link. Also, VP Jay S. Buth sold 980 shares of the firm’s stock in a transaction dated 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 $1,535,318.26. This trade represents 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 currently owned by corporate insiders.

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.