Eversource Energy (NYSE:ES) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in Eversource Energy (NYSE:ES) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,444,453 shares of the utilities provider’s stock after acquiring an additional 38,019 shares during the quarter. Dimensional Fund Advisors LP owned about 0.39% of Eversource Energy worth $82,954,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. First Trust Advisors LP lifted its stake in shares of Eversource Energy by 10.3% during the 4th quarter. First Trust Advisors LP now owns 1,323,851 shares of the utilities provider’s stock worth $76,029,000 after purchasing an additional 123,808 shares during the period. Commerce Bank lifted its position in Eversource Energy by 4.2% during the fourth quarter. Commerce Bank now owns 65,320 shares of the utilities provider’s stock worth $3,751,000 after buying an additional 2,604 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in Eversource Energy by 9.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 640,581 shares of the utilities provider’s stock worth $36,757,000 after buying an additional 56,408 shares during the last quarter. Marshall Wace LLP grew its holdings in Eversource Energy by 134.0% in the 4th quarter. Marshall Wace LLP now owns 53,179 shares of the utilities provider’s stock valued at $3,054,000 after buying an additional 30,455 shares during the period. Finally, Zacks Investment Management acquired a new position in shares of Eversource Energy during the 4th quarter valued at about $882,000. Institutional investors and hedge funds own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Scotiabank dropped their price objective on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Jefferies Financial Group lowered their price target on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research report on Tuesday, January 28th. Finally, StockNews.com downgraded Eversource Energy from a “hold” rating to a “sell” rating in a report on Friday, April 25th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $65.78.

Eversource Energy Stock Performance

Eversource Energy stock opened at $59.44 on Wednesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. Eversource Energy has a one year low of $52.28 and a one year high of $69.01. The stock’s 50 day moving average price is $59.71 and its 200 day moving average price is $60.22. The firm has a market capitalization of $21.82 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. As a group, sell-side analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the company’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 transaction of $192,507.92. Following the sale, the insider now owns 22,671 shares in the company, valued at $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Jay S. Buth sold 980 shares of Eversource Energy 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 completion of the transaction, the vice president now 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 position. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

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.