Landscape Capital Management L.L.C. Decreases Stock Holdings in Eversource Energy (NYSE:ES)

Landscape Capital Management L.L.C. lessened its holdings in Eversource Energy (NYSE:ES - Free Report) by 58.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,232 shares of the utilities provider's stock after selling 18,373 shares during the period. Landscape Capital Management L.L.C.'s holdings in Eversource Energy were worth $760,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in shares of Eversource Energy in the 4th quarter worth $29,000. Assetmark Inc. grew its position in Eversource Energy by 99.2% in the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after purchasing an additional 254 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Eversource Energy by 104.5% in the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after buying an additional 301 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Eversource Energy during the 4th quarter worth approximately $35,000. Finally, UMB Bank n.a. boosted its stake in shares of Eversource Energy by 38.4% in the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock worth $41,000 after buying an additional 197 shares during the last quarter. Institutional investors own 79.99% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ES shares. 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. JPMorgan Chase & Co. restated an "underweight" rating and set a $58.00 price objective (down previously from $69.00) on shares of Eversource Energy in a report on Thursday. Scotiabank reduced their target price on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price target 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. Finally, StockNews.com lowered Eversource Energy from a "hold" rating to a "sell" rating in a report on Sunday, April 6th. Four analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $65.78.

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Insider Activity

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 shares were 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 directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. The trade was a 3.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Frederica M. Williams sold 3,092 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total transaction of $192,507.92. Following the sale, the insider now 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 disclosure for this sale can be found here. Corporate insiders own 0.41% of the company's stock.

Eversource Energy Price Performance

ES stock traded down $0.42 during mid-day trading on Friday, reaching $55.28. 526,429 shares of the company traded hands, compared to its average volume of 2,312,265. The company has a fifty day moving average price of $60.45 and a 200-day moving average price of $60.91. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $69.01. The company has a market capitalization of $20.29 billion, a P/E ratio of 23.91, a P/E/G ratio of 2.35 and a beta of 0.58. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results 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 net margin of 6.82% and a return on equity of 10.99%. As a group, analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th were issued a $0.7525 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.01 annualized dividend and a dividend yield of 5.45%. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. Eversource Energy's dividend payout ratio (DPR) 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.