Daymark Wealth Partners LLC Sells 595 Shares of Eversource Energy (NYSE:ES)

Daymark Wealth Partners LLC reduced its position in shares of Eversource Energy (NYSE:ES) by 7.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,011 shares of the utilities provider’s stock after selling 595 shares during the period. Daymark Wealth Partners LLC’s holdings in Eversource Energy were worth $435,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mizuho Bank Ltd. bought a new stake in shares of Eversource Energy during the 4th quarter worth $26,000. Assetmark Inc. boosted 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 worth $29,000 after buying an additional 254 shares during the period. Pinney & Scofield Inc. bought a new stake in shares of Eversource Energy during the 4th quarter worth $33,000. CoreCap Advisors LLC boosted its holdings in shares of Eversource Energy by 168.7% during the 4th quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider’s stock worth $35,000 after buying an additional 383 shares during the period. Finally, First Financial Corp IN boosted its holdings in shares of Eversource Energy by 3,529.4% during the 1st quarter. First Financial Corp IN now owns 617 shares of the utilities provider’s stock worth $38,000 after buying an additional 600 shares during the period. 79.99% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total value of $166,400.00. Following the completion of the transaction, the executive vice president now owns 10,988 shares in the company, valued at approximately $703,232. This represents a 19.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

ES has been the subject of several recent analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Wall Street Zen raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Mizuho upped their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, BMO Capital Markets upped their target price on shares of Eversource Energy from $71.00 to $72.00 and gave the company a “market perform” rating in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $65.67.

Eversource Energy Price Performance

NYSE:ES opened at $63.33 on Friday. The stock has a market cap of $23.27 billion, a P/E ratio of 27.30, a PEG ratio of 2.32 and a beta of 0.63. Eversource Energy has a one year low of $52.28 and a one year high of $69.01. The company has a fifty day moving average price of $62.45 and a 200 day moving average price of $60.20. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.75 and a quick ratio of 0.66.

Eversource Energy (NYSE:ES) last released its earnings results on Thursday, May 1st. The utilities provider reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. Eversource Energy had a net margin of 6.63% and a return on equity of 11.04%. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the company earned $1.49 EPS. The business’s quarterly revenue was up 23.6% compared to the same quarter last year. Analysts anticipate that Eversource Energy will post 4.75 earnings per share 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 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Thursday, May 15th. Eversource Energy’s dividend payout ratio is 129.74%.

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.