Brown Brothers Harriman & Co. Sells 5,062 Shares of Eversource Energy (NYSE:ES)

Brown Brothers Harriman & Co. decreased its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 82.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,085 shares of the utilities provider's stock after selling 5,062 shares during the period. Brown Brothers Harriman & Co.'s holdings in Eversource Energy were worth $62,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new stake in shares of Eversource Energy in the 3rd quarter worth about $808,783,000. Norges Bank bought a new stake in Eversource Energy during the fourth quarter worth about $188,838,000. Amundi increased its holdings in shares of Eversource Energy by 32.2% during the fourth quarter. Amundi now owns 6,482,546 shares of the utilities provider's stock worth $367,691,000 after buying an additional 1,579,818 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Eversource Energy by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock valued at $2,561,936,000 after acquiring an additional 1,387,072 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Eversource Energy by 446.0% in the 3rd quarter. National Bank of Canada FI now owns 749,736 shares of the utilities provider's stock worth $51,019,000 after acquiring an additional 612,421 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ES. Jefferies Financial Group dropped their price target on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company cut their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Scotiabank decreased their price objective 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. StockNews.com downgraded shares of Eversource Energy from a "hold" rating to a "sell" rating in a research note on Sunday. Finally, Guggenheim reiterated a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Eversource Energy presently has a consensus rating of "Hold" and an average target price of $67.44.

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Insider Activity at Eversource Energy

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the transaction, the insider now directly owns 22,671 shares of the company's stock, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jay S. Buth sold 980 shares of the stock in a transaction dated 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 sale, the vice president now owns 24,374 shares of the company's stock, valued at $1,535,318.26. This trade represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Trading Down 4.8 %

NYSE ES traded down $2.82 during trading hours on Monday, hitting $55.52. The company's stock had a trading volume of 4,874,495 shares, compared to its average volume of 2,295,598. 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 $20.38 billion, a P/E ratio of 24.03, a PEG ratio of 2.35 and a beta of 0.58. 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 stock has a fifty day moving average of $60.68 and a 200 day moving average of $61.22.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. Equities 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 announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th were given a dividend of $0.7525 per share. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend was Tuesday, March 4th. Eversource Energy's payout ratio is presently 130.30%.

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.