Boston Trust Walden Corp Sells 26,564 Shares of Eversource Energy (NYSE:ES)

Boston Trust Walden Corp cut its stake in Eversource Energy (NYSE:ES - Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 973,279 shares of the utilities provider's stock after selling 26,564 shares during the quarter. Boston Trust Walden Corp owned 0.28% of Eversource Energy worth $66,232,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Eversource Energy by 24.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,810 shares of the utilities provider's stock valued at $4,232,000 after acquiring an additional 13,950 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Eversource Energy by 6.1% in the first quarter. Canada Pension Plan Investment Board now owns 646,334 shares of the utilities provider's stock valued at $38,631,000 after acquiring an additional 37,219 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Eversource Energy by 62.9% in the first quarter. Sei Investments Co. now owns 460,399 shares of the utilities provider's stock valued at $27,518,000 after acquiring an additional 177,692 shares in the last quarter. Bensler LLC bought a new position in shares of Eversource Energy in the second quarter valued at approximately $316,000. Finally, M&G Plc grew its holdings in shares of Eversource Energy by 16.8% in the second quarter. M&G Plc now owns 1,626,685 shares of the utilities provider's stock valued at $92,721,000 after acquiring an additional 234,361 shares in the last quarter. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Price Performance

NYSE ES traded down $0.98 during trading hours on Friday, reaching $65.84. 1,386,912 shares of the stock traded hands, compared to its average volume of 2,395,150. The stock has a 50 day simple moving average of $66.55 and a two-hundred day simple moving average of $62.51. Eversource Energy has a 1 year low of $52.03 and a 1 year high of $69.01. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.75 and a quick ratio of 0.66. The company has a market cap of $23.53 billion, a price-to-earnings ratio of -243.85, a price-to-earnings-growth ratio of 2.58 and a beta of 0.61.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share for the quarter, meeting analysts' consensus estimates of $0.95. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the business posted $1.00 earnings per share. The company's revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts predict that Eversource Energy will post 4.57 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were given a dividend of $0.715 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a yield of 4.34%. Eversource Energy's payout ratio is -1,059.26%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ES. Wells Fargo & Company increased their price objective on Eversource Energy from $72.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Barclays increased their price objective on Eversource Energy from $69.00 to $72.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. BMO Capital Markets reduced their price objective on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating for the company in a report on Tuesday, October 15th. Bank of America increased their price objective on Eversource Energy from $67.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday, August 29th. Finally, Morgan Stanley increased their price objective on Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a report on Friday, August 23rd. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $70.07.

Insider Buying and Selling at Eversource Energy

In other news, EVP Penelope M. Conner sold 815 shares of the firm's stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total transaction of $53,382.50. Following the transaction, the executive vice president now directly owns 9,032 shares of the company's stock, valued at approximately $591,596. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Penelope M. Conner sold 500 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $64.94, for a total transaction of $32,470.00. Following the transaction, the executive vice president now directly owns 9,847 shares of the company's stock, valued at approximately $639,464.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Penelope M. Conner sold 815 shares of the firm's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total value of $53,382.50. Following the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at $591,596. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.41% of the company's stock.

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.