West Paces Advisors Inc. Has $180,000 Holdings in Eversource Energy (NYSE:ES)

West Paces Advisors Inc. lowered its position in shares of Eversource Energy (NYSE:ES) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,920 shares of the utilities provider’s stock after selling 356 shares during the quarter. West Paces Advisors Inc.’s holdings in Eversource Energy were worth $180,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ES. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Eversource Energy during the first quarter valued at approximately $1,257,000. Dimensional Fund Advisors LP increased its stake in Eversource Energy by 16.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,130,660 shares of the utilities provider’s stock valued at $99,716,000 after buying an additional 158,844 shares during the period. Vontobel Holding Ltd. increased its stake in Eversource Energy by 8.5% in the 1st quarter. Vontobel Holding Ltd. now owns 7,816 shares of the utilities provider’s stock valued at $693,000 after buying an additional 613 shares during the period. Sei Investments Co. increased its stake in Eversource Energy by 1.5% in the 1st quarter. Sei Investments Co. now owns 153,081 shares of the utilities provider’s stock valued at $13,510,000 after buying an additional 2,219 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in Eversource Energy by 76.9% in the 1st quarter. Allianz Asset Management GmbH now owns 133,385 shares of the utilities provider’s stock valued at $11,763,000 after buying an additional 57,995 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, insider Faasen William C. Van sold 2,714 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $54.50, for a total value of $147,913.00. Following the completion of the sale, the insider now directly owns 19,619 shares of the company’s stock, valued at approximately $1,069,235.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Faasen William C. Van sold 2,714 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $54.50, for a total value of $147,913.00. Following the completion of the transaction, the insider now owns 19,619 shares in the company, valued at approximately $1,069,235.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Linda Dorcena Forry sold 822 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $58.12, for a total transaction of $47,774.64. Following the completion of the transaction, the insider now owns 10,485 shares of the company’s stock, valued at approximately $609,388.20. The disclosure for this sale can be found here. Insiders sold a total of 6,250 shares of company stock valued at $352,014 in the last ninety days. Company insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

ES has been the topic of several research reports. The Goldman Sachs Group initiated coverage on shares of Eversource Energy in a research note on Wednesday, April 10th. They issued a “buy” rating and a $73.00 price objective on the stock. StockNews.com upgraded shares of Eversource Energy to a “sell” rating in a research note on Thursday, March 28th. Guggenheim upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $60.00 to $72.00 in a research note on Monday, January 22nd. Citigroup boosted their target price on shares of Eversource Energy from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, Barclays decreased their target price on shares of Eversource Energy from $66.00 to $61.00 and set an “equal weight” rating for the company in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $66.08.

Eversource Energy Stock Performance

Shares of NYSE ES traded down $1.04 during trading hours on Tuesday, hitting $57.20. 2,391,630 shares of the stock were exchanged, compared to its average volume of 3,025,993. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.67 and a quick ratio of 0.59. The company’s 50 day moving average is $58.24 and its 200 day moving average is $57.77. The firm has a market capitalization of $20.06 billion, a P/E ratio of -45.25, a P/E/G ratio of 3.12 and a beta of 0.58. Eversource Energy has a one year low of $52.03 and a one year high of $79.92.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). Eversource Energy had a negative net margin of 3.71% and a positive return on equity of 9.92%. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period last year, the company earned $0.92 earnings per share. Eversource Energy’s revenue for the quarter was down 11.1% on a year-over-year basis. On average, research analysts expect that Eversource Energy will post 4.52 EPS for the current year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Tuesday, March 5th were issued a $0.715 dividend. The ex-dividend date of this dividend was Monday, March 4th. This is an increase from Eversource Energy’s previous quarterly dividend of $0.68. This represents a $2.86 dividend on an annualized basis and a yield of 5.00%. Eversource Energy’s dividend payout ratio is -226.98%.

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.