Intech Investment Management LLC Has $885,000 Position in Eversource Energy (NYSE:ES)

Intech Investment Management LLC lessened its position in Eversource Energy (NYSE:ES) by 61.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,410 shares of the utilities provider’s stock after selling 24,858 shares during the quarter. Intech Investment Management LLC’s holdings in Eversource Energy were worth $885,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ES. Empowered Funds LLC lifted its position in shares of Eversource Energy by 76.4% in the third quarter. Empowered Funds LLC now owns 9,389 shares of the utilities provider’s stock worth $639,000 after purchasing an additional 4,065 shares in the last quarter. Pathstone Holdings LLC lifted its position in Eversource Energy by 0.7% during the 3rd quarter. Pathstone Holdings LLC now owns 45,798 shares of the utilities provider’s stock worth $3,117,000 after buying an additional 331 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Eversource Energy by 6.7% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,964 shares of the utilities provider’s stock worth $8,640,000 after buying an additional 8,011 shares during the last quarter. Nwam LLC bought a new stake in Eversource Energy during the third quarter worth about $312,000. Finally, Great Valley Advisor Group Inc. boosted its position in Eversource Energy by 18.6% during the third quarter. Great Valley Advisor Group Inc. now owns 72,125 shares of the utilities provider’s stock valued at $4,908,000 after purchasing an additional 11,291 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Insider Activity at Eversource Energy

In related 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 completion of the sale, the insider now owns 22,671 shares of the company’s stock, valued at $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction, the vice president now directly owns 24,374 shares in the company, valued at approximately $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. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Price Performance

Eversource Energy stock opened at $60.98 on Monday. The company has a market capitalization of $22.38 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.35 and a beta of 0.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. Eversource Energy has a 12 month low of $54.75 and a 12 month high of $69.01. The stock’s 50 day moving average is $59.94 and its 200-day moving average is $61.80.

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, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. Equities research analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be given a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.94%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Tuesday, March 4th. Eversource Energy’s payout ratio is presently 130.30%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com lowered Eversource Energy from a “hold” rating to a “sell” rating in a research report on Friday. Jefferies Financial Group dropped their price target on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 28th. Barclays decreased their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Guggenheim reaffirmed a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Finally, Scotiabank reduced their price target on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $67.45.

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.