Eversource Energy (NYSE:ES) Shares Acquired by Advisor OS LLC

Advisor OS LLC lifted its position in Eversource Energy (NYSE:ES) by 8.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,462 shares of the utilities provider’s stock after acquiring an additional 407 shares during the quarter. Advisor OS LLC’s holdings in Eversource Energy were worth $314,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ES. Kestra Investment Management LLC acquired a new stake in shares of Eversource Energy during the 4th quarter valued at $29,000. Brooklyn Investment Group bought a new position in Eversource Energy in the 3rd quarter worth $31,000. Ashton Thomas Securities LLC bought a new position in Eversource Energy in the 3rd quarter worth $32,000. Venturi Wealth Management LLC raised its holdings in Eversource Energy by 104.5% in the 4th 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, Larson Financial Group LLC raised its holdings 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 during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the transaction, the insider now directly owns 22,671 shares in the company, valued at $1,411,496.46. The trade was a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jay S. Buth sold 980 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 24,374 shares in the company, valued at approximately $1,535,318.26. This trade represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

ES has been the topic of several recent analyst reports. Scotiabank dropped their target price on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company dropped their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Jefferies Financial Group dropped their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. Finally, Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average price target of $67.45.

Eversource Energy Price Performance

Shares of Eversource Energy stock opened at $62.53 on Friday. 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 firm’s 50-day simple moving average is $58.67 and its 200-day simple moving average is $62.49. Eversource Energy has a twelve month low of $54.75 and a twelve month high of $69.01. The firm has a market cap of $22.94 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 2.35 and a beta of 0.62.

Eversource Energy (NYSE:ES) last issued its 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 net margin of 6.82% and a return on equity of 10.99%. As a group, research analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be given a $0.7525 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a yield of 4.81%. Eversource Energy’s payout ratio is 130.30%.

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.