Eversource Energy (NYSE:ES) Shares Sold by Ieq Capital LLC

Ieq Capital LLC decreased its position in shares of Eversource Energy (NYSE:ES - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,236 shares of the utilities provider's stock after selling 5,928 shares during the quarter. Ieq Capital LLC's holdings in Eversource Energy were worth $1,736,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Eversource Energy by 33.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,231 shares of the utilities provider's stock valued at $2,306,000 after acquiring an additional 9,981 shares during the last quarter. Verity & Verity LLC purchased a new stake in Eversource Energy in the fourth quarter valued at approximately $744,000. Nordea Investment Management AB lifted its stake in Eversource Energy by 41.7% during the fourth quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider's stock worth $99,554,000 after purchasing an additional 510,582 shares in the last quarter. Landscape Capital Management L.L.C. boosted its position in shares of Eversource Energy by 46.9% during the third quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider's stock worth $2,151,000 after buying an additional 10,093 shares during the period. Finally, Everett Harris & Co. CA grew its stake in shares of Eversource Energy by 125.2% in the fourth quarter. Everett Harris & Co. CA now owns 8,093 shares of the utilities provider's stock valued at $465,000 after buying an additional 4,500 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Eversource Energy

In other news, VP Jay S. Buth sold 980 shares of the business's 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 transaction, the vice president now owns 24,374 shares of the company's stock, valued at approximately $1,535,318.26. The trade was a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction 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 transaction, the insider now 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 disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ES has been the subject of a number of research analyst reports. Scotiabank lowered their target price on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a report on Thursday, February 13th. Wells Fargo & Company lowered their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Barclays cut their target price on shares of 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. Jefferies Financial Group decreased their price target on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a research report on Tuesday, January 28th. Finally, StockNews.com upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $67.45.

Eversource Energy Stock Up 0.6 %

Shares of Eversource Energy stock traded up $0.39 during trading hours on Tuesday, hitting $63.42. The company had a trading volume of 1,455,675 shares, compared to its average volume of 3,118,516. 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's 50-day moving average is $58.29 and its two-hundred day moving average is $62.49. The company has a market cap of $23.26 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 2.35 and a beta of 0.62. Eversource Energy has a twelve month low of $54.75 and a twelve month high of $69.01.

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 (EPS) for the quarter, topping 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%. Analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 4.75%. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio is currently 130.30%.

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.