Susquehanna Fundamental Investments LLC Invests $4.67 Million in Eversource Energy (NYSE:ES)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Eversource Energy (NYSE:ES) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 81,230 shares of the utilities provider’s stock, valued at approximately $4,665,000.

A number of other institutional investors have also recently made changes to their positions in the business. Coldstream Capital Management Inc. grew its stake in shares of Eversource Energy by 11.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 9,874 shares of the utilities provider’s stock valued at $567,000 after buying an additional 1,044 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in Eversource Energy by 2.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 17,577 shares of the utilities provider’s stock valued at $1,009,000 after acquiring an additional 470 shares during the period. Integrated Wealth Concepts LLC increased its stake in Eversource Energy by 3.2% in the fourth quarter. Integrated Wealth Concepts LLC now owns 24,699 shares of the utilities provider’s stock worth $1,418,000 after purchasing an additional 769 shares during the period. Adage Capital Partners GP L.L.C. lifted its position in shares of Eversource Energy by 75.9% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 592,334 shares of the utilities provider’s stock worth $34,018,000 after purchasing an additional 255,500 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Eversource Energy by 5.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 514,574 shares of the utilities provider’s stock valued at $29,552,000 after purchasing an additional 25,316 shares during the period. Institutional investors own 79.99% of the company’s stock.

Insider Transactions at Eversource Energy

In related news, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the sale, the insider now owns 22,671 shares in the company, valued at approximately $1,411,496.46. This trade represents a 12.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jay S. Buth sold 980 shares of Eversource Energy 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 sale, the vice president now directly owns 24,374 shares of the company’s stock, valued at $1,535,318.26. The trade was a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Eversource Energy Stock Performance

NYSE ES opened at $59.11 on Tuesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01. The company has a market cap of $21.70 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58. The stock’s 50 day simple moving average is $59.79 and its 200-day simple moving average is $60.22.

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

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th were paid a $0.7525 dividend. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date was Tuesday, March 4th. This represents a $3.01 annualized dividend and a dividend yield of 5.09%. Eversource Energy’s dividend payout ratio is 130.30%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays decreased their price target 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. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. BMO Capital Markets raised their price target on Eversource Energy from $71.00 to $72.00 and gave the company a “market perform” rating in a research note on Monday. Guggenheim reaffirmed a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Finally, StockNews.com downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Friday. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $65.78.

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.