EverSource Wealth Advisors LLC Acquires 703 Shares of Eversource Energy (NYSE:ES)

EverSource Wealth Advisors LLC lifted its stake in Eversource Energy (NYSE:ES) by 41.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,381 shares of the utilities provider’s stock after buying an additional 703 shares during the period. EverSource Wealth Advisors LLC’s holdings in Eversource Energy were worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its holdings in shares of Eversource Energy by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 121,166 shares of the utilities provider’s stock worth $8,245,000 after purchasing an additional 3,960 shares in the last quarter. CIBC Asset Management Inc grew its stake in Eversource Energy by 9.4% during the third quarter. CIBC Asset Management Inc now owns 52,054 shares of the utilities provider’s stock worth $3,542,000 after buying an additional 4,490 shares in the last quarter. Empowered Funds LLC grew its stake in Eversource Energy by 76.4% during the third quarter. Empowered Funds LLC now owns 9,389 shares of the utilities provider’s stock worth $639,000 after buying an additional 4,065 shares in the last quarter. Natixis Advisors LLC increased its holdings in Eversource Energy by 4.4% in the 3rd quarter. Natixis Advisors LLC now owns 133,174 shares of the utilities provider’s stock valued at $9,062,000 after buying an additional 5,553 shares during the period. Finally, Claro Advisors LLC raised its position in shares of Eversource Energy by 7.1% in the 3rd quarter. Claro Advisors LLC now owns 10,471 shares of the utilities provider’s stock valued at $713,000 after buying an additional 693 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Buying and Selling at Eversource Energy

In related news, insider Frederica M. Williams sold 3,092 shares of Eversource Energy 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 $1,411,496.46. This trade represents a 12.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jay S. Buth sold 980 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.99, for a total value of $61,730.20. Following the sale, the vice president now owns 24,374 shares of the company’s stock, valued at approximately $1,535,318.26. The trade was a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Eversource Energy Stock Performance

Eversource Energy stock opened at $61.55 on Tuesday. The business has a 50 day moving average of $59.53 and a 200-day moving average of $61.98. The company has a market capitalization of $22.59 billion, a P/E ratio of 26.64, a P/E/G ratio of 2.35 and a beta of 0.60. Eversource Energy has a 1 year low of $54.75 and a 1 year 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.

Eversource Energy (NYSE:ES) last posted its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, topping 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%. On average, equities research analysts predict 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. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a yield of 4.89%. Eversource Energy’s payout ratio is presently 130.30%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Thursday, March 13th. Barclays decreased their price target 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. Scotiabank dropped their price objective on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company decreased their target price on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, Guggenheim reissued a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $67.45.

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.