Eversource Energy (NYSE:ES) Insider Frederica M. Williams Sells 3,092 Shares

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 transaction of $192,507.92. Following the transaction, the insider now owns 22,671 shares in the company, valued at approximately $1,411,496.46. This trade represents a 12.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Eversource Energy Trading Up 1.1 %

ES stock opened at $63.39 on Friday. The firm has a fifty day moving average price of $58.12 and a 200 day moving average price of $62.55. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01. The firm has a market cap of $23.25 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share 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 anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The company 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 $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 4.75%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. Eversource Energy’s dividend payout ratio is currently 123.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ES shares. Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. Wells Fargo & Company cut 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. Jefferies Financial Group cut their price target on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research note on Tuesday, January 28th. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Scotiabank cut their price objective 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. Two 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 data from MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and an average target price of $67.45.

Hedge Funds Weigh In On Eversource Energy

Several institutional investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC acquired a new stake in Eversource Energy during the third quarter worth about $114,000. Creative Planning raised its holdings 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 acquiring an additional 5,417 shares during the period. Blue Trust Inc. lifted its holdings in Eversource Energy by 135.2% in the third quarter. Blue Trust Inc. now owns 2,347 shares of the utilities provider’s stock valued at $160,000 after acquiring an additional 1,349 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Eversource Energy by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 110,739 shares of the utilities provider’s stock worth $7,536,000 after buying an additional 512 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Eversource Energy by 1.8% in the third quarter. Signaturefd LLC now owns 11,930 shares of the utilities provider’s stock valued at $812,000 after buying an additional 206 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

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.