Eversource Energy (NYSE:ES) VP Jay S. Buth Sells 980 Shares

Eversource Energy (NYSE:ES) VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction that occurred on Friday, February 21st. The stock was 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 $1,535,318.26. This trade represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Eversource Energy Trading Down 0.6 %

NYSE ES opened at $62.96 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. Eversource Energy has a twelve month low of $54.75 and a twelve month high of $69.01. The firm has a market capitalization of $23.09 billion, a PE ratio of 27.26, a P/E/G ratio of 2.35 and a beta of 0.62. The stock’s 50 day moving average is $58.29 and its 200 day moving average is $62.49.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. Research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 4.78%. Eversource Energy’s payout ratio is presently 130.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Barclays decreased their price target on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Guggenheim reaffirmed a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Jefferies Financial Group cut their price objective on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 28th. Scotiabank cut their price objective on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research report on Thursday, February 13th. Finally, StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $67.45.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ES. Blue Trust Inc. raised its stake in Eversource Energy by 135.2% during the third quarter. Blue Trust Inc. now owns 2,347 shares of the utilities provider’s stock valued at $160,000 after buying an additional 1,349 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Eversource Energy by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 110,739 shares of the utilities provider’s stock valued at $7,536,000 after buying an additional 512 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Eversource Energy by 1.0% during the third quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock valued at $1,368,000 after buying an additional 200 shares during the last quarter. Parcion Private Wealth LLC purchased a new position in Eversource Energy during the third quarter valued at $210,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Eversource Energy by 26.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,250 shares of the utilities provider’s stock valued at $2,042,000 after buying an additional 6,409 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

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.