NEOS Investment Management LLC Acquires 4,977 Shares of Eversource Energy (NYSE:ES)

NEOS Investment Management LLC increased its holdings in shares of Eversource Energy (NYSE:ES) by 31.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,841 shares of the utilities provider’s stock after acquiring an additional 4,977 shares during the period. NEOS Investment Management LLC’s holdings in Eversource Energy were worth $1,197,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Larson Financial Group LLC grew its stake in Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 350 shares in the last quarter. Fisher Asset Management LLC raised its position in Eversource Energy by 1.9% during the 3rd quarter. Fisher Asset Management LLC now owns 12,306 shares of the utilities provider’s stock valued at $837,000 after purchasing an additional 232 shares in the last quarter. FMR LLC lifted its holdings in shares of Eversource Energy by 2.7% in the 3rd quarter. FMR LLC now owns 7,019,064 shares of the utilities provider’s stock worth $477,647,000 after buying an additional 185,381 shares during the period. Brooklyn Investment Group bought a new position in shares of Eversource Energy during the 3rd quarter worth $31,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Eversource Energy in the third quarter valued at about $368,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Up 1.4 %

NYSE:ES opened at $61.13 on Friday. The company has a market capitalization of $22.44 billion, a P/E ratio of 26.46, a PEG ratio of 2.35 and a beta of 0.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. Eversource Energy has a 12 month low of $54.75 and a 12 month high of $69.01. The firm has a fifty day simple moving average of $60.28 and a 200-day simple moving average of $61.58.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. On average, equities research analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 4.92%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. Eversource Energy’s payout ratio is presently 130.30%.

Insider Activity

In other news, VP Jay S. Buth sold 980 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.99, for a total transaction of $61,730.20. Following the sale, the vice president now owns 24,374 shares of the company’s stock, valued at $1,535,318.26. This trade represents a 3.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Frederica M. Williams sold 3,092 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total transaction of $192,507.92. Following the completion of the transaction, the insider now owns 22,671 shares of the company’s stock, valued at approximately $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

ES has been the topic of a number of research reports. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Scotiabank dropped their target price on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research report on Thursday, February 13th. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. Barclays cut their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company decreased their price target on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $67.40.

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.