Eversource Energy (NYSE:ES) Insider Sells $192,507.92 in Stock

Eversource Energy (NYSE:ES) insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total value of $192,507.92. Following the sale, the insider now directly owns 22,671 shares of the company’s stock, valued at approximately $1,411,496.46. This trade 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 can be accessed through this link.

Eversource Energy Price Performance

ES stock opened at $63.41 on Friday. The stock has a 50-day moving average price of $58.19 and a two-hundred day moving average price of $62.54. Eversource Energy has a 1 year low of $54.75 and a 1 year high of $69.01. The stock has a market cap of $23.26 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. Equities analysts forecast that Eversource Energy will post 4.75 EPS 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. Stockholders of record on Tuesday, March 4th will be issued a $0.7525 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.75%. Eversource Energy’s dividend payout ratio (DPR) is 123.81%.

Institutional Trading of Eversource Energy

A number of institutional investors have recently made changes to their positions in ES. Exchange Traded Concepts LLC bought a new stake in Eversource Energy during the third quarter worth about $114,000. Creative Planning increased its position in shares of Eversource Energy by 6.7% during the 3rd quarter. Creative Planning now owns 86,160 shares of the utilities provider’s stock worth $5,863,000 after purchasing an additional 5,417 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Eversource Energy by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 2,347 shares of the utilities provider’s stock valued at $160,000 after buying an additional 1,349 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Eversource Energy by 0.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 110,739 shares of the utilities provider’s stock valued at $7,536,000 after buying an additional 512 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Eversource Energy by 1.8% during the third quarter. Signaturefd LLC now owns 11,930 shares of the utilities provider’s stock worth $812,000 after buying an additional 206 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

ES has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their target price on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Barclays decreased their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Jefferies Financial Group decreased their price target on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a report on Tuesday, January 28th. Finally, StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $67.45.

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.