Eversource Energy (NYSE:ES) VP Jay S. Buth Sells 980 Shares

Eversource Energy (NYSE:ES) VP Jay S. Buth sold 980 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.99, for a total value of $61,730.20. Following the transaction, the vice president now owns 24,374 shares of the company’s stock, valued at $1,535,318.26. The trade was a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Eversource Energy Stock Performance

NYSE:ES opened at $62.96 on Tuesday. The business’s 50-day moving average price is $58.29 and its two-hundred day moving average price is $62.49. Eversource Energy has a twelve month low of $54.75 and a twelve month high of $69.01. The stock has a market cap of $23.09 billion, a P/E ratio of 27.26, a PEG ratio of 2.35 and a beta of 0.62. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71.

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

Eversource Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.78%. 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 (DPR) is currently 130.30%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Eversource Energy

A number of large investors have recently modified their holdings of ES. Mizuho Bank Ltd. purchased a new position in shares of Eversource Energy during the 4th quarter valued at about $26,000. Kestra Investment Management LLC purchased a new position in shares of Eversource Energy during the 4th quarter valued at about $29,000. Assetmark Inc. raised its holdings in shares of Eversource Energy by 99.2% during the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock valued at $29,000 after buying an additional 254 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Eversource Energy during the 3rd quarter valued at about $31,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Eversource Energy during the 3rd quarter valued at about $32,000. 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.