Eversource Energy (NYSE:ES) Shares Purchased by Guggenheim Capital LLC

Guggenheim Capital LLC boosted its position in shares of Eversource Energy (NYSE:ES) by 13.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,192 shares of the utilities provider’s stock after acquiring an additional 12,750 shares during the period. Guggenheim Capital LLC’s holdings in Eversource Energy were worth $5,984,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ES. Mizuho Bank Ltd. acquired a new stake in Eversource Energy in the fourth quarter valued at $26,000. Kestra Investment Management LLC acquired a new stake in shares of Eversource Energy during the 4th quarter worth about $29,000. Assetmark Inc. lifted its stake in Eversource Energy by 99.2% during the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 254 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Eversource Energy by 104.5% during the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 301 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Eversource Energy in the fourth quarter valued at approximately $35,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Down 1.2 %

Shares of NYSE:ES opened at $57.38 on Friday. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two 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’s 50-day simple moving average is $60.30 and its 200-day simple moving average is $60.63. The company has a market cap of $21.06 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.35 and a beta of 0.58.

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

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.7525 per share. The ex-dividend date was 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 5.25%. Eversource Energy’s dividend payout ratio is 130.30%.

Insider Activity

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 sale, the insider now directly owns 22,671 shares in the company, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jay S. Buth sold 980 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.99, for a total value of $61,730.20. Following the completion of the transaction, the vice president now owns 24,374 shares of the company’s stock, valued at approximately $1,535,318.26. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Guggenheim reaffirmed a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. Barclays cut their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Wells Fargo & Company cut their price target on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, Scotiabank reduced 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. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and a consensus price target of $65.78.

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.