Eversource Energy (NYSE:ES) Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in shares of Eversource Energy (NYSE:ES - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,567 shares of the utilities provider's stock after selling 8,557 shares during the period. US Bancorp DE's holdings in Eversource Energy were worth $2,100,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ES. Kestra Investment Management LLC purchased a new position in shares of Eversource Energy in the 4th quarter worth about $29,000. Brooklyn Investment Group purchased a new position in Eversource Energy in the 3rd quarter worth about $31,000. Ashton Thomas Securities LLC purchased a new position in Eversource Energy in the 3rd quarter worth about $32,000. Venturi Wealth Management LLC raised its position in Eversource Energy by 104.5% in the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock worth $34,000 after buying an additional 301 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in Eversource Energy by 162.0% in the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider's stock worth $38,000 after buying an additional 350 shares during the last quarter. Institutional investors own 79.99% of the company's stock.

Insiders Place Their Bets

In other news, VP Jay S. Buth sold 980 shares of the stock in a transaction 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 transaction, the vice president now owns 24,374 shares of the company's stock, valued at approximately $1,535,318.26. This represents a 3.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the insider now directly owns 22,671 shares in the company, valued at $1,411,496.46. The trade was a 12.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.41% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ES. 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 research report on Wednesday, January 22nd. Wells Fargo & Company decreased their target price on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Guggenheim reissued a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. Scotiabank reduced their price target 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. Finally, Jefferies Financial Group reduced their price target on shares of Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a research 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 given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $67.45.

Eversource Energy Trading Up 3.8 %

NYSE:ES traded up $2.26 during midday trading on Friday, hitting $60.97. 2,954,696 shares of the company traded hands, compared to its average volume of 2,207,165. The firm's fifty day moving average is $59.09 and its 200-day moving average is $62.26. Eversource Energy has a 12-month low of $54.75 and a 12-month high of $69.01. The firm has a market capitalization of $22.36 billion, a P/E ratio of 26.39, a P/E/G ratio of 2.35 and a beta of 0.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating 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, sell-side analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be paid a $0.7525 dividend. This is a positive change from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 4.94%. 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.