Eversource Energy (NYSE:ES) Shares Bought by RWC Asset Management LLP

RWC Asset Management LLP raised its stake in shares of Eversource Energy (NYSE:ES) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 410,872 shares of the utilities provider’s stock after acquiring an additional 16,640 shares during the period. RWC Asset Management LLP’s holdings in Eversource Energy were worth $23,596,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ES. Blue Trust Inc. lifted its stake in Eversource Energy by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 2,347 shares of the utilities provider’s stock worth $160,000 after acquiring an additional 1,349 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Eversource Energy by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 110,739 shares of the utilities provider’s stock worth $7,536,000 after purchasing an additional 512 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Eversource Energy by 1.0% during the third quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock worth $1,368,000 after purchasing an additional 200 shares in the last quarter. Parcion Private Wealth LLC purchased a new position in shares of Eversource Energy in the third quarter valued at approximately $210,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Eversource Energy by 26.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,250 shares of the utilities provider’s stock valued at $2,042,000 after purchasing an additional 6,409 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Frederica M. Williams sold 3,092 shares of the 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 owns 22,671 shares in the company, valued at $1,411,496.46. This represents a 12.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday. Barclays decreased their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Jefferies Financial Group cut their price target on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. Scotiabank decreased their price objective on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a research note on Thursday, February 13th. Finally, Wells Fargo & Company cut their target price 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.45.

Eversource Energy Stock Up 0.0 %

ES stock opened at $63.41 on Monday. The company’s 50 day moving average is $58.19 and its two-hundred day moving average is $62.50. 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 stock has a market cap of $23.26 billion, a P/E ratio of 27.45, a PEG ratio of 2.35 and a beta of 0.62.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results 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%. Research 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a $0.7525 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.75%. Eversource Energy’s dividend payout ratio is 123.81%.

Eversource Energy Company 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.