Natixis Advisors LLC Sells 6,581 Shares of Eversource Energy (NYSE:ES)

Natixis Advisors LLC cut its holdings in Eversource Energy (NYSE:ES - Free Report) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 126,593 shares of the utilities provider's stock after selling 6,581 shares during the period. Natixis Advisors LLC's holdings in Eversource Energy were worth $7,270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of Eversource Energy during the 3rd quarter valued at approximately $31,000. Kestra Investment Management LLC purchased a new position in Eversource Energy during the fourth quarter valued at approximately $29,000. Assetmark Inc. boosted its position in shares of Eversource Energy by 99.2% in the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after purchasing an additional 254 shares during the period. Larson Financial Group LLC increased its stake in shares of Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock worth $38,000 after purchasing an additional 350 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Eversource Energy by 104.5% in the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock worth $34,000 after purchasing an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Insiders Place Their Bets

In other Eversource Energy 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 transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Frederica M. Williams sold 3,092 shares of the company'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 value of $192,507.92. Following the transaction, the insider now directly owns 22,671 shares in the company, valued at approximately $1,411,496.46. This represents a 12.00 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Scotiabank dropped 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 report on Thursday, February 13th. Barclays dropped their price objective on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. StockNews.com cut Eversource Energy from a "hold" rating to a "sell" rating in a research report on Friday. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Finally, Wells Fargo & Company cut their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Eversource Energy has a consensus rating of "Hold" and an average target price of $67.45.

Eversource Energy Price Performance

Shares of NYSE:ES traded down $0.04 on Monday, reaching $60.90. The company's stock had a trading volume of 1,641,663 shares, compared to its average volume of 2,173,990. The company has a 50-day simple moving average of $60.04 and a 200 day simple moving average of $61.75. Eversource Energy has a 52-week low of $54.75 and a 52-week high of $69.01. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $22.35 billion, a P/E ratio of 26.36, a PEG ratio of 2.35 and a beta of 0.60.

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, 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%. As a group, equities research analysts anticipate that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a $0.7525 dividend. The ex-dividend date is Tuesday, March 4th. This is an increase from Eversource Energy's previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a yield of 4.94%. Eversource Energy's dividend payout ratio (DPR) is currently 130.30%.

About Eversource Energy

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.