UniSuper Management Pty Ltd Buys 10,421 Shares of Eversource Energy (NYSE:ES)

UniSuper Management Pty Ltd raised its stake in Eversource Energy (NYSE:ES) by 33.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,622 shares of the utilities provider’s stock after acquiring an additional 10,421 shares during the period. UniSuper Management Pty Ltd’s holdings in Eversource Energy were worth $2,390,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new stake in shares of Eversource Energy in the 4th quarter valued at $29,000. Assetmark Inc. lifted its holdings in Eversource Energy by 99.2% during the 4th 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. Brooklyn Investment Group acquired a new position in Eversource Energy in the third quarter valued at about $31,000. Venturi Wealth Management LLC grew 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 buying an additional 301 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in Eversource Energy during the fourth quarter worth about $35,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Eversource Energy

In related news, insider Frederica M. Williams sold 3,092 shares of the firm’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 owns 22,671 shares of the company’s stock, valued at approximately $1,411,496.46. This trade represents a 12.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.99, for a total value of $61,730.20. Following the transaction, the vice president now 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. Corporate insiders own 0.41% of the company’s stock.

Eversource Energy Stock Up 1.4 %

Shares of NYSE:ES opened at $61.13 on Friday. 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 stock has a market cap of $22.44 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 2.35 and a beta of 0.60. The company has a 50 day moving average of $60.28 and a 200-day moving average of $61.58. Eversource Energy has a one year low of $54.75 and a one year high of $69.01.

Eversource Energy (NYSE:ES) last issued its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, beating the consensus estimate 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, sell-side analysts forecast that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 4.92%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s dividend payout ratio (DPR) is 130.30%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Jefferies Financial Group reduced their price objective 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. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company reduced their price target on shares of 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, Barclays decreased their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Eversource Energy has a consensus rating of “Hold” and a consensus price target of $67.40.

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.