Cerity Partners LLC Has $6.96 Million Stock Position in Eversource Energy (NYSE:ES)

Cerity Partners LLC cut its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 9.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 115,591 shares of the utilities provider's stock after selling 11,735 shares during the period. Cerity Partners LLC's holdings in Eversource Energy were worth $6,963,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MML Investors Services LLC lifted its stake in shares of Eversource Energy by 39.5% in the third quarter. MML Investors Services LLC now owns 21,435 shares of the utilities provider's stock worth $1,459,000 after acquiring an additional 6,069 shares in the last quarter. Barclays PLC raised its position in shares of Eversource Energy by 15.9% in the 3rd quarter. Barclays PLC now owns 1,095,966 shares of the utilities provider's stock valued at $74,582,000 after purchasing an additional 150,535 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Eversource Energy by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 9,040,171 shares of the utilities provider's stock valued at $613,233,000 after buying an additional 268,588 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of Eversource Energy by 11.3% during the third quarter. Coldstream Capital Management Inc. now owns 8,830 shares of the utilities provider's stock worth $598,000 after buying an additional 899 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Eversource Energy by 42.5% in the third quarter. Toronto Dominion Bank now owns 191,808 shares of the utilities provider's stock worth $13,053,000 after buying an additional 57,161 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

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Insider Activity

In related news, insider Frederica M. Williams sold 3,092 shares of the firm's 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 trade represents a 12.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jay S. Buth sold 980 shares of the company's stock in a transaction on Friday, February 21st. The shares were 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 represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Eversource Energy Stock Performance

ES stock traded up $0.17 on Wednesday, reaching $58.15. The company's stock had a trading volume of 1,506,026 shares, compared to its average volume of 2,325,519. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $69.01. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $21.35 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58. The firm has a fifty day moving average of $60.39 and a two-hundred day moving average of $60.72.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.82% and a return on equity of 10.99%. As a group, analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th were paid 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 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend was Tuesday, March 4th. Eversource Energy's dividend payout ratio (DPR) is presently 130.30%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ES. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Barclays lowered their price objective on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $58.00 target price (down previously from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Scotiabank decreased their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a report on Thursday, February 13th. 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 given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $65.78.

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.