Sentry Investment Management LLC Has $81,000 Stock Holdings in Eversource Energy (NYSE:ES)

Sentry Investment Management LLC lowered its stake in Eversource Energy (NYSE:ES) by 14.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,406 shares of the utilities provider’s stock after selling 229 shares during the period. Sentry Investment Management LLC’s holdings in Eversource Energy were worth $81,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ES. Brooklyn Investment Group bought a new position in Eversource Energy during the 3rd quarter worth $31,000. Ashton Thomas Securities LLC acquired a new position in shares of Eversource Energy in the third quarter valued at about $32,000. Kestra Investment Management LLC bought a new position in Eversource Energy during the fourth quarter worth about $29,000. Larson Financial Group LLC raised its stake in Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 350 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Eversource Energy by 104.5% in the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 301 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Ratings Changes

ES has been the topic of several recent research reports. Scotiabank lowered their target price 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. Jefferies Financial Group lowered their price objective on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company dropped their price objective on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Barclays dropped 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. 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 stock. According to MarketBeat.com, Eversource Energy presently has an average rating of “Hold” and an average price target of $67.45.

Insider Activity

In other Eversource Energy news, VP Jay S. Buth sold 980 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.99, for a total value of $61,730.20. Following the completion of the transaction, the vice president now directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. This represents a 3.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Frederica M. Williams sold 3,092 shares of the firm’s 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 transaction, the insider now directly owns 22,671 shares of the company’s stock, valued at $1,411,496.46. The trade was a 12.00 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Eversource Energy Stock Performance

Eversource Energy stock opened at $62.53 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The stock has a market cap of $22.94 billion, a PE ratio of 27.07, a P/E/G ratio of 2.35 and a beta of 0.62. Eversource Energy has a 12-month low of $54.75 and a 12-month high of $69.01. The business’s 50-day moving average price is $58.67 and its two-hundred day moving average price is $62.49.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. 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 annualized dividend and a dividend yield of 4.81%. Eversource Energy’s dividend payout ratio is 130.30%.

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.