Eversource Energy (NYSE:ES) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in Eversource Energy (NYSE:ES) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,933,838 shares of the utilities provider’s stock after acquiring an additional 226,972 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Eversource Energy were worth $570,500,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in Eversource Energy in the 4th quarter worth approximately $29,000. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy in the third quarter worth $31,000. Ashton Thomas Securities LLC purchased a new position in shares of Eversource Energy during the third quarter valued at $32,000. Venturi Wealth Management LLC grew its holdings in shares of Eversource Energy by 104.5% during the fourth 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 in the last quarter. Finally, Larson Financial Group LLC raised its position in Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after buying an additional 350 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

ES has been the topic of several research analyst reports. Jefferies Financial Group lowered their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 28th. 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. Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. StockNews.com lowered shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Barclays dropped their price target on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and a consensus price target of $67.45.

Eversource Energy Trading Down 5.2 %

Eversource Energy stock opened at $59.73 on Wednesday. Eversource Energy has a one year low of $54.75 and a one year high of $69.01. The company’s fifty day moving average price is $58.96 and its two-hundred day moving average price is $62.37. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $21.91 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 2.35 and a beta of 0.60.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data 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 return on equity of 10.99% and a net margin of 6.82%. On average, analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The company 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 is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.04%. Eversource Energy’s dividend payout ratio (DPR) is currently 130.30%.

Insider Transactions at Eversource Energy

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total value of $192,507.92. Following the sale, the insider now owns 22,671 shares of the company’s stock, valued at $1,411,496.46. This trade represents a 12.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction that occurred 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 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 owned by corporate insiders.

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.