Eversource Energy (NYSE:ES) Shares Sold by New England Capital Financial Advisors LLC

New England Capital Financial Advisors LLC lowered its position in Eversource Energy (NYSE:ES) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,497 shares of the utilities provider’s stock after selling 448 shares during the quarter. New England Capital Financial Advisors LLC’s holdings in Eversource Energy were worth $488,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its holdings in Eversource Energy by 2.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock valued at $418,000 after purchasing an additional 166 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Eversource Energy by 10.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider’s stock valued at $107,000 after buying an additional 176 shares during the period. UMB Bank n.a. raised its holdings in shares of Eversource Energy by 38.4% in the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock valued at $41,000 after buying an additional 197 shares during the period. Louisiana State Employees Retirement System lifted its stake in Eversource Energy by 1.0% during the 3rd quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock worth $1,368,000 after acquiring an additional 200 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its holdings in Eversource Energy by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider’s stock valued at $281,000 after acquiring an additional 216 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Stock Up 0.0 %

ES stock opened at $63.41 on Friday. Eversource Energy has a 12 month low of $54.75 and a 12 month high of $69.01. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $23.26 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 2.35 and a beta of 0.62. The company has a fifty day moving average price of $58.19 and a 200 day moving average price of $62.52.

Eversource Energy (NYSE:ES) last announced its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS 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%. Sell-side analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be issued a $0.7525 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.75%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is presently 123.81%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ES. Wells Fargo & Company reduced their price target on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Scotiabank lowered their price target on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a report on Thursday, February 13th. Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Jefferies Financial Group lowered their target price on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research note on Tuesday, January 28th. Finally, Barclays decreased their price target on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and a consensus target price of $67.45.

Insider Transactions at Eversource Energy

In related news, insider Frederica M. Williams sold 3,092 shares of the stock in a transaction dated 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 directly owns 22,671 shares of the company’s stock, valued at $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.41% of the company’s stock.

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.