Anchor Capital Advisors LLC Purchases 335,775 Shares of Eversource Energy (NYSE:ES)

Anchor Capital Advisors LLC raised its position in shares of Eversource Energy (NYSE:ES) by 71.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 805,171 shares of the utilities provider’s stock after purchasing an additional 335,775 shares during the period. Eversource Energy accounts for approximately 1.3% of Anchor Capital Advisors LLC’s portfolio, making the stock its 28th largest holding. Anchor Capital Advisors LLC’s holdings in Eversource Energy were worth $49,695,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ES. UMB Bank n.a. boosted its holdings in shares of Eversource Energy by 130.9% in the third quarter. UMB Bank n.a. now owns 642 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 364 shares during the period. Czech National Bank boosted its holdings in shares of Eversource Energy by 47.8% in the third quarter. Czech National Bank now owns 61,014 shares of the utilities provider’s stock worth $3,548,000 after acquiring an additional 19,719 shares during the period. Ballentine Partners LLC boosted its holdings in shares of Eversource Energy by 60.1% in the third quarter. Ballentine Partners LLC now owns 7,339 shares of the utilities provider’s stock worth $427,000 after acquiring an additional 2,755 shares during the period. Avestar Capital LLC boosted its holdings in shares of Eversource Energy by 24.5% in the third quarter. Avestar Capital LLC now owns 4,597 shares of the utilities provider’s stock worth $267,000 after acquiring an additional 906 shares during the period. Finally, My Legacy Advisors LLC boosted its holdings in shares of Eversource Energy by 9.2% in the third quarter. My Legacy Advisors LLC now owns 11,358 shares of the utilities provider’s stock worth $612,000 after acquiring an additional 957 shares during the period. 79.99% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Linda Dorcena Forry sold 822 shares of Eversource Energy 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 directly owns 10,485 shares in the company, valued at $609,388.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Frederica M. Williams sold 2,714 shares of the business’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 value of $156,326.40. Following the completion of the transaction, the insider now directly owns 21,621 shares in the company, valued at approximately $1,245,369.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Linda Dorcena Forry sold 822 shares of the business’s stock in a transaction 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 sale, the insider now owns 10,485 shares of the company’s stock, valued at $609,388.20. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Eversource Energy Stock Up 1.7 %

Eversource Energy stock traded up $1.00 during trading hours on Monday, hitting $60.46. 1,789,852 shares of the stock traded hands, compared to its average volume of 2,891,882. The firm’s 50-day moving average price is $58.94 and its two-hundred day moving average price is $57.94. The company has a current ratio of 0.67, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. The company has a market cap of $21.20 billion, a PE ratio of -48.00, a PEG ratio of 3.16 and a beta of 0.58. Eversource Energy has a one year low of $52.03 and a one year high of $78.64.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.02). The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3 billion. Eversource Energy had a negative net margin of 3.71% and a positive return on equity of 9.92%. The business’s revenue was down 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. On average, research analysts forecast that Eversource Energy will post 4.51 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.73%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.68. The ex-dividend date was Monday, March 4th. Eversource Energy’s dividend payout ratio (DPR) is presently -226.98%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ES. 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 report on Monday, March 25th. Mizuho upgraded Eversource Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $54.00 to $62.00 in a research report on Thursday, February 15th. StockNews.com upgraded Eversource Energy to a “sell” rating in a report on Thursday, March 28th. BMO Capital Markets lifted their price objective on Eversource Energy from $63.00 to $64.00 and gave the stock a “market perform” rating in a report on Thursday, February 15th. Finally, The Goldman Sachs Group began coverage on Eversource Energy in a report on Wednesday, April 10th. They issued a “buy” rating and a $73.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $65.85.

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.