Nemes Rush Group LLC Boosts Stake in Eversource Energy (NYSE:ES)

Nemes Rush Group LLC grew its stake in Eversource Energy (NYSE:ES) by 816.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,200 shares of the utilities provider’s stock after acquiring an additional 1,069 shares during the quarter. Nemes Rush Group LLC’s holdings in Eversource Energy were worth $69,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ES. Franklin Resources Inc. lifted its position in Eversource Energy by 0.5% during the fourth quarter. Franklin Resources Inc. now owns 2,426,436 shares of the utilities provider’s stock valued at $139,350,000 after acquiring an additional 11,041 shares during the last quarter. B. Metzler seel. Sohn & Co. AG increased its position in shares of Eversource Energy by 6.1% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 48,459 shares of the utilities provider’s stock worth $2,783,000 after purchasing an additional 2,800 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Eversource Energy by 38.6% during the 4th quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider’s stock valued at $945,893,000 after purchasing an additional 4,585,232 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Eversource Energy by 1.6% in the 4th quarter. California Public Employees Retirement System now owns 1,645,702 shares of the utilities provider’s stock worth $94,513,000 after purchasing an additional 25,122 shares in the last quarter. Finally, Allianz SE acquired a new stake in shares of Eversource Energy in the 4th quarter worth $1,409,000. 79.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ES shares. Jefferies Financial Group decreased their price target on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research note on Tuesday, January 28th. Scotiabank lowered their target price on shares of 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. Wells Fargo & Company cut 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 note on Thursday, February 13th. Barclays lowered 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, StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $67.40.

Eversource Energy Trading Up 1.0 %

NYSE ES opened at $62.68 on Thursday. The company has a fifty day moving average of $60.58 and a 200 day moving average of $61.46. The company has a market capitalization of $23.01 billion, a PE ratio of 27.13, a P/E/G ratio of 2.35 and a beta of 0.58. 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 $54.75 and a 1 year high of $69.01.

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

Eversource Energy Increases Dividend

The company also recently disclosed 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. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.80%. Eversource Energy’s dividend payout ratio (DPR) is presently 130.30%.

Insider Activity

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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jay S. Buth sold 980 shares of the company’s 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 transaction, the vice president now directly owns 24,374 shares of the company’s stock, valued at approximately $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 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.