5,679 Shares in Eversource Energy (NYSE:ES) Acquired by Kelly Financial Group LLC

Kelly Financial Group LLC acquired a new position in Eversource Energy (NYSE:ES - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,679 shares of the utilities provider's stock, valued at approximately $326,000.

A number of other institutional investors have also recently made changes to their positions in the business. First Trust Direct Indexing L.P. boosted its holdings in Eversource Energy by 15.4% in the third quarter. First Trust Direct Indexing L.P. now owns 10,051 shares of the utilities provider's stock worth $684,000 after acquiring an additional 1,345 shares in the last quarter. Prossimo Advisors LLC boosted its stake in Eversource Energy by 4.3% in the 3rd quarter. Prossimo Advisors LLC now owns 6,069 shares of the utilities provider's stock worth $413,000 after purchasing an additional 250 shares in the last quarter. Van ECK Associates Corp grew its position in Eversource Energy by 12.2% during the 3rd quarter. Van ECK Associates Corp now owns 101,720 shares of the utilities provider's stock worth $6,824,000 after purchasing an additional 11,062 shares during the last quarter. Old North State Wealth Management LLC increased its stake in Eversource Energy by 14.8% during the 3rd quarter. Old North State Wealth Management LLC now owns 4,328 shares of the utilities provider's stock valued at $295,000 after purchasing an additional 557 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new position in Eversource Energy during the 3rd quarter valued at approximately $75,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Stock Performance

Shares of NYSE:ES traded down $0.13 during trading on Thursday, hitting $58.66. 3,200,775 shares of the stock traded hands, compared to its average volume of 2,204,017. The company has a fifty day moving average price of $58.99 and a two-hundred day moving average price of $62.35. Eversource Energy has a 52-week low of $54.75 and a 52-week high of $69.01. The company has a market cap of $21.51 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 2.35 and a beta of 0.60. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71.

Remove Ads

Eversource Energy (NYSE:ES - Get Free Report) last released 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, equities analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be issued a $0.7525 dividend. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend is Tuesday, March 4th. Eversource Energy's dividend payout ratio (DPR) is presently 130.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Scotiabank dropped their price target on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research note on Thursday, February 13th. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Barclays decreased their target price 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. Finally, Jefferies Financial Group cut their price target on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $67.45.

Insider Buying and Selling at Eversource Energy

In related news, insider Frederica M. Williams sold 3,092 shares of the stock in a transaction on 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. This represents a 12.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jay S. Buth sold 980 shares of the firm'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 owns 24,374 shares in the company, valued at $1,535,318.26. The trade was a 3.87 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

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.