Fmr LLC Has $422.26 Million Stock Holdings in Eversource Energy (NYSE:ES)

Fmr LLC boosted its holdings in shares of Eversource Energy (NYSE:ES) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,352,593 shares of the utilities provider’s stock after buying an additional 333,529 shares during the period. Fmr LLC’s holdings in Eversource Energy were worth $422,259,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ES. Mizuho Bank Ltd. acquired a new position in Eversource Energy during the fourth quarter worth $26,000. Kestra Investment Management LLC purchased a new stake in shares of Eversource Energy in the fourth quarter valued at about $29,000. Assetmark Inc. raised its holdings in shares of Eversource Energy by 99.2% in the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 254 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Eversource Energy by 104.5% in the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 301 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Eversource Energy in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Activity at Eversource Energy

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the company’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 owns 22,671 shares in the company, valued at approximately $1,411,496.46. This represents a 12.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jay S. Buth sold 980 shares of the company’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 transaction, the vice president now owns 24,374 shares in the company, valued at $1,535,318.26. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Eversource Energy Trading Up 4.0 %

NYSE:ES opened at $56.42 on Thursday. The company has a fifty day moving average of $60.50 and a 200 day moving average of $60.98. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $20.71 billion, a P/E ratio of 24.42, a P/E/G ratio of 2.35 and a beta of 0.58.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS 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%. On average, research analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 4th were issued a dividend of $0.7525 per share. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend was Tuesday, March 4th. Eversource Energy’s dividend payout ratio is currently 130.30%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ES. Jefferies Financial Group lowered their target price on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a report on Tuesday, January 28th. Barclays lowered their target price on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. StockNews.com downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Scotiabank lowered 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 equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $67.44.

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.