Capital Fund Management S.A. Takes Position in Eversource Energy (NYSE:ES)

Capital Fund Management S.A. purchased a new stake in Eversource Energy (NYSE:ES) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 75,460 shares of the utilities provider’s stock, valued at approximately $4,334,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mizuho Bank Ltd. acquired a new stake in shares of Eversource Energy in the fourth quarter worth $26,000. Kestra Investment Management LLC purchased a new position in Eversource Energy during the 4th quarter valued at about $29,000. Assetmark Inc. increased its holdings in shares of Eversource Energy by 99.2% in 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 period. Venturi Wealth Management LLC lifted its position in shares of Eversource Energy by 104.5% in 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 in the last quarter. Finally, OFI Invest Asset Management purchased a new position in Eversource Energy during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Activity

In other news, VP Jay S. Buth sold 980 shares of the business’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 sale, the vice president now owns 24,374 shares in the company, valued at approximately $1,535,318.26. The trade was a 3.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frederica M. Williams sold 3,092 shares of the stock in a transaction dated 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 $1,411,496.46. This trade represents a 12.00 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Eversource Energy Stock Up 1.0 %

NYSE ES opened at $56.27 on Monday. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.01. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $20.66 billion, a PE ratio of 24.36, a PEG ratio of 2.35 and a beta of 0.58. The firm has a 50-day simple moving average of $60.41 and a 200 day simple moving average of $60.80.

Eversource Energy (NYSE:ES) last announced 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%. On average, research analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.35%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, March 4th. Eversource Energy’s dividend payout ratio (DPR) is presently 130.30%.

Analyst Ratings Changes

Several research firms have recently commented on ES. JPMorgan Chase & Co. restated an “underweight” rating and set a $58.00 price target (down from $69.00) on shares of Eversource Energy in a report on Thursday. Scotiabank dropped their price objective on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company decreased their target price on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Barclays reduced 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 note on Wednesday, January 22nd. Finally, Jefferies Financial Group reduced their price target on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $65.78.

About Eversource Energy

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.