Kintegral Advisory LLC Lowers Holdings in Eversource Energy (NYSE:ES)

Kintegral Advisory LLC reduced its holdings in shares of Eversource Energy (NYSE:ES) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,097 shares of the utilities provider’s stock after selling 1,356 shares during the period. Kintegral Advisory LLC’s holdings in Eversource Energy were worth $1,671,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ES. Kestra Investment Management LLC acquired a new stake in Eversource Energy in the 4th quarter valued at about $29,000. Brooklyn Investment Group acquired a new stake in Eversource Energy in the third quarter valued at approximately $31,000. Ashton Thomas Securities LLC acquired a new stake in Eversource Energy in the third quarter valued at approximately $32,000. Venturi Wealth Management LLC lifted its stake in Eversource Energy by 104.5% in the fourth 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 last quarter. Finally, Larson Financial Group LLC grew its holdings in Eversource Energy by 162.0% during 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 in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ES shares. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday. Wells Fargo & Company cut their price target on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Barclays lowered their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Scotiabank cut their target price on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research report on Thursday, February 13th. Finally, Guggenheim restated a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $67.45.

Eversource Energy Price Performance

ES stock opened at $63.41 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $23.26 billion, a P/E ratio of 27.45, a PEG ratio of 2.35 and a beta of 0.62. The business has a 50 day simple moving average of $58.19 and a 200-day simple moving average of $62.52. Eversource Energy has a twelve month low of $54.75 and a twelve month high of $69.01.

Eversource Energy (NYSE:ES) last issued its quarterly 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%. As a group, equities analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a $0.7525 dividend. This represents a $3.01 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is 123.81%.

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 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. This trade represents a 12.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is owned by company insiders.

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.