Fisher Asset Management LLC Has $1.45 Million Stock Holdings in Eversource Energy (NYSE:ES)

Fisher Asset Management LLC trimmed its position in Eversource Energy (NYSE:ES) by 61.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,406 shares of the utilities provider’s stock after selling 36,573 shares during the quarter. Fisher Asset Management LLC’s holdings in Eversource Energy were worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ES. Victory Capital Management Inc. boosted its holdings in Eversource Energy by 10.8% during the third quarter. Victory Capital Management Inc. now owns 450,007 shares of the utilities provider’s stock valued at $26,168,000 after acquiring an additional 43,720 shares during the period. OLD Republic International Corp bought a new stake in Eversource Energy during the 3rd quarter valued at approximately $27,283,000. Cerity Partners LLC grew its holdings in Eversource Energy by 536.0% in the 4th quarter. Cerity Partners LLC now owns 118,243 shares of the utilities provider’s stock valued at $7,298,000 after buying an additional 99,652 shares during the last quarter. abrdn plc increased its position in Eversource Energy by 21.3% in the 4th quarter. abrdn plc now owns 488,683 shares of the utilities provider’s stock worth $30,162,000 after buying an additional 85,756 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Eversource Energy by 94.6% during the fourth quarter. Russell Investments Group Ltd. now owns 570,190 shares of the utilities provider’s stock worth $35,196,000 after buying an additional 277,132 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Insider Activity

In other Eversource Energy news, insider Frederica M. Williams sold 2,714 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $57.60, for a total value of $156,326.40. Following the sale, the insider now directly owns 21,621 shares in the company, valued at $1,245,369.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Eversource Energy news, insider Frederica M. Williams sold 2,714 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $57.60, for a total value of $156,326.40. Following the completion of the sale, the insider now directly owns 21,621 shares in the company, valued at $1,245,369.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Linda Dorcena Forry sold 822 shares of Eversource Energy stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.12, for a total value of $47,774.64. Following the transaction, the insider now owns 10,485 shares in the company, valued at approximately $609,388.20. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Eversource Energy Stock Down 0.2 %

NYSE ES opened at $61.04 on Thursday. The stock’s 50 day simple moving average is $59.25 and its 200 day simple moving average is $58.24. 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 one year low of $52.03 and a one year high of $77.53. The firm has a market cap of $21.41 billion, a PE ratio of -51.73, a price-to-earnings-growth ratio of 3.21 and a beta of 0.57.

Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, May 1st. The utilities provider reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. Eversource Energy had a positive return on equity of 10.22% and a negative net margin of 3.60%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the company posted $1.41 earnings per share. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Eversource Energy will post 4.49 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.86 annualized dividend and a dividend yield of 4.69%. Eversource Energy’s payout ratio is currently -242.37%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ES. StockNews.com raised shares of Eversource Energy to a “sell” rating in a research report on Thursday, March 28th. Wells Fargo & Company increased their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Argus lowered their price target on Eversource Energy from $85.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Guggenheim raised Eversource Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $60.00 to $72.00 in a report on Monday, January 22nd. Finally, Scotiabank cut their target price on Eversource Energy from $61.00 to $57.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. One equities research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $66.23.

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.