Eversource Energy (NYSE:ES) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt raised its position in Eversource Energy (NYSE:ES) by 89.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,171 shares of the utilities provider’s stock after acquiring an additional 1,023 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Eversource Energy were worth $134,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its stake in Eversource Energy by 1.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 44,067 shares of the utilities provider’s stock valued at $2,719,000 after acquiring an additional 681 shares in the last quarter. Oakworth Capital Inc. lifted its stake in shares of Eversource Energy by 44.7% during the fourth quarter. Oakworth Capital Inc. now owns 835 shares of the utilities provider’s stock worth $52,000 after buying an additional 258 shares during the period. Tyche Wealth Partners LLC acquired a new stake in shares of Eversource Energy during the fourth quarter worth $228,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Eversource Energy by 3.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 443,444 shares of the utilities provider’s stock worth $27,369,000 after buying an additional 12,951 shares during the period. Finally, Wealth Alliance lifted its stake in shares of Eversource Energy by 9.6% during the fourth quarter. Wealth Alliance now owns 5,065 shares of the utilities provider’s stock worth $313,000 after buying an additional 444 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Linda Dorcena Forry sold 822 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.12, for a total transaction of $47,774.64. Following the completion of the transaction, the insider now owns 10,485 shares in the company, valued at approximately $609,388.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Linda Dorcena Forry sold 822 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.12, for a total transaction of $47,774.64. Following the completion of the transaction, the insider now owns 10,485 shares in the company, valued at approximately $609,388.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Frederica M. Williams sold 2,714 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $57.60, for a total transaction of $156,326.40. Following the transaction, the insider now owns 21,621 shares of the company’s stock, valued at approximately $1,245,369.60. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Eversource Energy Trading Up 0.8 %

Shares of Eversource Energy stock opened at $58.99 on Friday. The firm has a 50-day simple moving average of $58.50 and a two-hundred day simple moving average of $57.78. Eversource Energy has a fifty-two week low of $52.03 and a fifty-two week high of $79.92. The company has a current ratio of 0.67, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $3 billion. Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. The company’s revenue was down 11.1% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. Equities research analysts forecast that Eversource Energy will post 4.52 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Tuesday, March 5th were given a $0.715 dividend. The ex-dividend date was Monday, March 4th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.85%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.68. Eversource Energy’s dividend payout ratio is -226.98%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $67.00 in a research note on Thursday, April 4th. BMO Capital Markets lifted their price objective on shares of Eversource Energy from $63.00 to $64.00 and gave the stock a “market perform” rating in a research note on Thursday, February 15th. Mizuho upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $54.00 to $62.00 in a research note on Thursday, February 15th. Citigroup lifted their price objective on shares of Eversource Energy from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, Argus reduced their target price on shares of Eversource Energy from $85.00 to $68.00 and set a “buy” rating for the company in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $66.08.

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.