Elo Mutual Pension Insurance Co Has $2.15 Million Stock Holdings in Eversource Energy (NYSE:ES)

Elo Mutual Pension Insurance Co lifted its position in Eversource Energy (NYSE:ES) by 19.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 37,387 shares of the utilities provider’s stock after purchasing an additional 6,098 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Eversource Energy were worth $2,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ES. Kestra Investment Management LLC acquired a new stake in Eversource Energy in the 4th quarter valued at approximately $29,000. Assetmark Inc. boosted its position in shares of Eversource Energy by 99.2% in the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 254 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy in the third quarter worth $31,000. Venturi Wealth Management LLC increased its position in Eversource Energy by 104.5% during the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 301 shares during the period. Finally, OFI Invest Asset Management acquired a new position in Eversource Energy during the 4th quarter valued at $35,000. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Up 1.4 %

Shares of NYSE:ES opened at $61.13 on Friday. The company has a market capitalization of $22.44 billion, a PE ratio of 26.46, a P/E/G ratio of 2.35 and a beta of 0.60. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The company’s fifty day moving average is $60.28 and its 200-day moving average is $61.58. Eversource Energy has a 52 week low of $54.75 and a 52 week high of $69.01.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. Equities research analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal 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 $0.7525 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 4.92%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is currently 130.30%.

Insider Transactions at Eversource Energy

In other news, insider Frederica M. Williams sold 3,092 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 22,671 shares in the company, valued at approximately $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the vice president now directly owns 24,374 shares of the company’s stock, valued at approximately $1,535,318.26. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

ES has been the topic of several research analyst reports. Scotiabank decreased their price target on shares of 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. Jefferies Financial Group decreased their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 28th. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company decreased their price objective on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Finally, Guggenheim restated a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $67.40.

Eversource Energy 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.