Massachusetts Financial Services Co. MA Has $101.21 Million Position in Eversource Energy (NYSE:ES)

Massachusetts Financial Services Co. MA decreased its holdings in Eversource Energy (NYSE:ES) by 1.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,639,775 shares of the utilities provider’s stock after selling 19,165 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Eversource Energy were worth $101,207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ES. Exchange Traded Concepts LLC acquired a new stake in shares of Eversource Energy in the 4th quarter valued at $26,000. Bfsg LLC acquired a new position in Eversource Energy in the fourth quarter valued at about $31,000. Hexagon Capital Partners LLC grew its stake in Eversource Energy by 84.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 596 shares of the utilities provider’s stock worth $37,000 after buying an additional 272 shares during the last quarter. CVA Family Office LLC acquired a new stake in shares of Eversource Energy during the fourth quarter worth approximately $43,000. Finally, MV Capital Management Inc. raised its stake in shares of Eversource Energy by 40.4% in the third quarter. MV Capital Management Inc. now owns 716 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 206 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Insider Transactions at Eversource Energy

In related news, insider Frederica M. Williams sold 2,714 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $57.60, for a total transaction of $156,326.40. Following the sale, the insider now owns 21,621 shares of the company’s stock, valued at approximately $1,245,369.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Eversource Energy news, insider Frederica M. Williams sold 2,714 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $57.60, for a total transaction of $156,326.40. Following the sale, the insider now directly owns 21,621 shares in the company, valued at approximately $1,245,369.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Linda Dorcena Forry sold 822 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $609,388.20. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ES shares. Guggenheim raised Eversource Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $60.00 to $72.00 in a report on Monday, January 22nd. The Goldman Sachs Group started coverage on Eversource Energy in a report on Wednesday, April 10th. They issued a “buy” rating and a $73.00 price target for the company. UBS Group upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $62.00 to $67.00 in a research report on Thursday, April 4th. Bank of America raised their price objective on shares of Eversource Energy from $50.00 to $61.00 and gave the company an “underperform” rating in a research report on Wednesday. Finally, Mizuho raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $54.00 to $62.00 in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and a consensus target price of $65.86.

Eversource Energy Trading Up 0.4 %

Shares of Eversource Energy stock traded up $0.27 during trading on Thursday, reaching $60.80. 147,320 shares of the company were exchanged, compared to its average volume of 2,777,239. The business has a 50-day moving average price of $59.57 and a 200-day moving average price of $58.52. The firm has a market capitalization of $21.42 billion, a price-to-earnings ratio of -51.30, a P/E/G ratio of 3.28 and a beta of 0.57. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.71. Eversource Energy has a twelve month low of $52.03 and a twelve month high of $74.81.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, May 1st. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.04. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.69 billion. Eversource Energy had a positive return on equity of 10.32% and a negative net margin of 3.60%. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.41 EPS. Sell-side analysts anticipate that Eversource Energy will post 4.49 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 16th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.86 annualized dividend and a yield of 4.70%. Eversource Energy’s dividend payout ratio (DPR) is presently -242.37%.

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.