Boston Trust Walden Corp lowered its stake in Eversource Energy (NYSE:ES – Free Report) by 3.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 646,277 shares of the utilities provider’s stock after selling 23,451 shares during the period. Boston Trust Walden Corp’s holdings in Eversource Energy were worth $44,774,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC increased its position in Eversource Energy by 8.9% during the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after purchasing an additional 1,319 shares in the last quarter. Woodline Partners LP boosted its position in Eversource Energy by 40.8% in the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after buying an additional 8,984 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Eversource Energy by 115.1% during the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock worth $92,000 after buying an additional 801 shares during the last quarter. Schnieders Capital Management LLC. grew its stake in shares of Eversource Energy by 87.9% during the second quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after buying an additional 27,332 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Eversource Energy by 4.6% during the second quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after buying an additional 349 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.
Eversource Energy Trading Up 2.9%
Shares of ES stock opened at $74.30 on Friday. Eversource Energy has a 1-year low of $61.53 and a 1-year high of $76.41. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62. The stock has a market cap of $27.94 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 4.78 and a beta of 0.70. The stock has a 50-day moving average of $69.41 and a 200-day moving average of $69.76.
Eversource Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were paid a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, May 18th. Eversource Energy’s payout ratio is currently 67.31%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on ES shares. BMO Capital Markets reissued a “market perform” rating on shares of Eversource Energy in a report on Wednesday. Seaport Research Partners downgraded Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Scotiabank cut their price target on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, April 21st. Wells Fargo & Company boosted their price target on Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Bank of America restated a “buy” rating and set a $72.00 price target on shares of Eversource Energy in a report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $71.91.
Insider Activity at Eversource Energy
In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the transaction, the vice president directly owned 56,179 shares of the company’s stock, valued at approximately $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.
About Eversource Energy
Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.
Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.
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