Eversource Energy (NYSE:ES) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lessened its holdings in shares of Eversource Energy (NYSE:ES) by 64.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 226,867 shares of the utilities provider’s stock after selling 404,584 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.06% of Eversource Energy worth $13,029,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ES. Exchange Traded Concepts LLC grew its stake in Eversource Energy by 10.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 176 shares in the last quarter. UMB Bank n.a. grew its position in shares of Eversource Energy by 38.4% in the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 197 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Eversource Energy by 4.6% in the fourth quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider’s stock valued at $281,000 after purchasing an additional 216 shares during the last quarter. Keybank National Association OH lifted its position in Eversource Energy by 2.6% during the fourth quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider’s stock worth $522,000 after buying an additional 233 shares in the last quarter. Finally, Whittier Trust Co. boosted its stake in Eversource Energy by 3.3% during the fourth quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider’s stock worth $444,000 after buying an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 0.4%

Shares of NYSE ES opened at $62.97 on Monday. 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 business’s 50 day moving average is $59.35 and its two-hundred day moving average is $59.88. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $69.01. The firm has a market cap of $23.13 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 2.35 and a beta of 0.61.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the business earned $1.49 EPS. The company’s quarterly revenue was up 23.6% compared to the same quarter last year. Research analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 15th will be paid a $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Thursday, May 15th. Eversource Energy’s payout ratio is 129.74%.

Analyst Ratings Changes

ES has been the subject of a number of recent research reports. Barclays cut their target price 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. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Scotiabank decreased 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. Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Finally, Wells Fargo & Company reduced their price target on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Eversource Energy has an average rating of “Hold” and a consensus price target of $65.78.

Insider Activity at Eversource Energy

In other Eversource Energy news, VP Jay S. Buth sold 980 shares of the business’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 transaction of $61,730.20. Following the completion of the transaction, the vice president now owns 24,374 shares in the company, valued at $1,535,318.26. The trade was a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Frederica M. Williams sold 3,092 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 22,671 shares in the company, valued at approximately $1,411,496.46. This represents a 12.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Eversource Energy 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.