Proficio Capital Partners LLC Takes Position in Eversource Energy (NYSE:ES)

Proficio Capital Partners LLC acquired a new stake in Eversource Energy (NYSE:ES - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 133,927 shares of the utilities provider's stock, valued at approximately $7,691,000.

Several other institutional investors have also recently bought and sold shares of ES. Atria Investments Inc boosted its position in Eversource Energy by 61.8% during the third quarter. Atria Investments Inc now owns 20,913 shares of the utilities provider's stock worth $1,423,000 after purchasing an additional 7,984 shares during the period. Aptus Capital Advisors LLC grew its stake in shares of Eversource Energy by 27.3% in the third quarter. Aptus Capital Advisors LLC now owns 6,335 shares of the utilities provider's stock valued at $431,000 after acquiring an additional 1,357 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Eversource Energy by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 121,166 shares of the utilities provider's stock worth $8,245,000 after purchasing an additional 3,960 shares in the last quarter. ING Groep NV bought a new position in shares of Eversource Energy during the third quarter worth approximately $3,253,000. Finally, CIBC Asset Management Inc raised its position in shares of Eversource Energy by 9.4% in the third quarter. CIBC Asset Management Inc now owns 52,054 shares of the utilities provider's stock valued at $3,542,000 after buying an additional 4,490 shares in the last quarter. Institutional investors own 79.99% of the company's stock.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, VP Jay S. Buth sold 980 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.99, for a total transaction of $61,730.20. Following the completion of the sale, the vice president now directly owns 24,374 shares in the company, valued at $1,535,318.26. This represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction that occurred 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 in the company, valued at $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. Company insiders own 0.29% of the company's stock.

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Analyst Upgrades and Downgrades

ES has been the topic of a number of recent research reports. Barclays lowered their price objective on 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. Scotiabank dropped their price target on Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group reduced their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company dropped their target price on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Finally, Guggenheim restated a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Eversource Energy presently has an average rating of "Hold" and a consensus target price of $67.45.

Eversource Energy Trading Down 0.5 %

Shares of NYSE:ES traded down $0.33 during mid-day trading on Wednesday, reaching $61.57. 967,104 shares of the company's stock were exchanged, compared to its average volume of 2,957,095. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. Eversource Energy has a twelve month low of $54.75 and a twelve month high of $69.01. The firm has a market capitalization of $22.60 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 2.35 and a beta of 0.60. The business's fifty day moving average price is $59.65 and its 200-day moving average price is $61.94.

Eversource Energy (NYSE:ES - Get Free Report) last posted 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%. On average, research analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.01 annualized dividend and a dividend yield of 4.89%. Eversource Energy's payout ratio is presently 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.