Eversource Energy (NYSE:ES) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its position in shares of Eversource Energy (NYSE:ES - Free Report) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,058,123 shares of the utilities provider's stock after selling 111,722 shares during the period. Wells Fargo & Company MN owned 0.29% of Eversource Energy worth $60,768,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ES. Exchange Traded Concepts LLC increased its holdings in shares of Eversource Energy by 10.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider's stock valued at $107,000 after purchasing an additional 176 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Eversource Energy by 38.4% during the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider's stock worth $41,000 after acquiring an additional 197 shares during the period. Summit Trail Advisors LLC boosted its position in shares of Eversource Energy by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider's stock valued at $281,000 after acquiring an additional 216 shares during the last quarter. Keybank National Association OH increased its position in Eversource Energy by 2.6% during the fourth quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider's stock worth $522,000 after purchasing an additional 233 shares during the last quarter. Finally, Whittier Trust Co. raised its stake in Eversource Energy by 3.3% during the fourth quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider's stock worth $444,000 after purchasing an additional 245 shares during the period. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, VP Jay S. Buth sold 980 shares of the company'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 sale, the vice president now 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total transaction of $192,507.92. Following the completion of the transaction, the insider now owns 22,671 shares in the company, valued at approximately $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. 0.41% of the stock is owned by company insiders.

Eversource Energy Stock Up 2.7 %

Shares of NYSE:ES traded up $1.50 during trading hours on Monday, reaching $57.82. The stock had a trading volume of 536,507 shares, compared to its average volume of 2,318,107. The stock has a market capitalization of $21.22 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 2.35 and a beta of 0.58. The firm's 50 day moving average is $60.41 and its 200-day moving average is $60.80. Eversource Energy has a 1 year low of $52.28 and a 1 year 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.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. Research analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th were issued a $0.7525 dividend. This is a boost from Eversource Energy's previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.01 annualized dividend and a dividend yield of 5.21%. Eversource Energy's dividend payout ratio is presently 130.30%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Monday. Scotiabank reduced their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $58.00 target price (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday. Barclays lowered their price objective on shares of 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. Finally, Wells Fargo & Company decreased their price target on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Eversource Energy has a consensus rating of "Hold" and a consensus target price of $65.78.

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.