Eversource Energy (NYSE:ES) Shares Acquired by Signaturefd LLC

Signaturefd LLC grew its position in Eversource Energy (NYSE:ES) by 11.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,243 shares of the utilities provider’s stock after acquiring an additional 1,313 shares during the quarter. Signaturefd LLC’s holdings in Eversource Energy were worth $761,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kestra Investment Management LLC purchased a new stake in shares of Eversource Energy during the 4th quarter valued at about $29,000. Assetmark Inc. raised its holdings in shares of Eversource Energy by 99.2% during the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock valued at $29,000 after buying an additional 254 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Eversource Energy during the 3rd quarter valued at about $31,000. Venturi Wealth Management LLC raised its holdings in shares of Eversource Energy by 104.5% during the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider’s stock valued at $34,000 after buying an additional 301 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in shares of Eversource Energy during the 4th quarter valued at about $35,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Price Performance

Shares of NYSE ES opened at $61.57 on Thursday. Eversource Energy has a twelve month low of $54.75 and a twelve 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. The company has a market capitalization of $22.60 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 2.35 and a beta of 0.60. The business has a 50 day simple moving average of $59.74 and a 200-day simple moving average of $61.93.

Eversource Energy (NYSE:ES) last released its quarterly earnings data 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%. As a group, equities research analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 4.89%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is currently 130.30%.

Insider Activity at Eversource Energy

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 22,671 shares in the company, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $62.99, for a total value of $61,730.20. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on ES shares. Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Thursday, March 13th. Wells Fargo & Company dropped their target price on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. 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 report 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 on the stock in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.