Nisa Investment Advisors LLC Increases Stock Position in Eversource Energy (NYSE:ES)

Nisa Investment Advisors LLC grew its position in shares of Eversource Energy (NYSE:ES) by 26.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,120 shares of the utilities provider’s stock after purchasing an additional 11,760 shares during the period. Nisa Investment Advisors LLC’s holdings in Eversource Energy were worth $3,464,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ES. DekaBank Deutsche Girozentrale boosted its stake in Eversource Energy by 14.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 127,034 shares of the utilities provider’s stock valued at $7,859,000 after buying an additional 15,770 shares during the last quarter. Stratos Wealth Advisors LLC raised its holdings in shares of Eversource Energy by 58.3% during the 4th quarter. Stratos Wealth Advisors LLC now owns 28,688 shares of the utilities provider’s stock worth $1,771,000 after acquiring an additional 10,566 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its position in shares of Eversource Energy by 88.6% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 11,679 shares of the utilities provider’s stock valued at $721,000 after acquiring an additional 5,486 shares during the last quarter. Kempner Capital Management Inc. purchased a new position in shares of Eversource Energy in the fourth quarter valued at $3,612,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Eversource Energy in the fourth quarter valued at $98,360,000. 79.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, insider Faasen William C. Van sold 2,714 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $54.50, for a total transaction of $147,913.00. Following the transaction, the insider now owns 19,619 shares of the company’s stock, valued at approximately $1,069,235.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Linda Dorcena Forry sold 822 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $58.12, for a total transaction of $47,774.64. Following the completion of the sale, the insider now directly owns 10,485 shares in the company, valued at approximately $609,388.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Faasen William C. Van sold 2,714 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $54.50, for a total value of $147,913.00. Following the sale, the insider now directly owns 19,619 shares in the company, valued at approximately $1,069,235.50. The disclosure for this sale can be found here. Insiders sold a total of 6,250 shares of company stock valued at $352,014 in the last ninety days. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ES. Barclays lowered their price objective on shares of Eversource Energy from $66.00 to $61.00 and set an “equal weight” rating for the company in a research report on Monday, January 22nd. 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 report on Thursday, February 15th. UBS Group raised Eversource Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $62.00 to $67.00 in a research note on Thursday, April 4th. BMO Capital Markets raised their price objective on Eversource Energy from $63.00 to $64.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. Finally, The Goldman Sachs Group started coverage on Eversource Energy in a research report on Wednesday. They set a “buy” rating and a $73.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and an average price target of $66.08.

Eversource Energy Stock Down 0.6 %

Shares of ES opened at $58.79 on Friday. The firm has a fifty day moving average price of $58.15 and a 200-day moving average price of $57.79. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.67 and a quick ratio of 0.59. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $79.93.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.02). The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3 billion. Eversource Energy had a negative net margin of 3.71% and a positive return on equity of 9.92%. Eversource Energy’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. On average, equities analysts expect that Eversource Energy will post 4.52 EPS 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 issued a dividend of $0.715 per share. This is an increase from Eversource Energy’s previous quarterly dividend of $0.68. This represents a $2.86 annualized dividend and a yield of 4.86%. The ex-dividend date was Monday, March 4th. Eversource Energy’s dividend payout ratio (DPR) is presently -226.98%.

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.