Eversource Energy (NYSE:ES) Stock Position Lowered by Camelot Portfolios LLC

Camelot Portfolios LLC decreased its position in Eversource Energy (NYSE:ES) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,307 shares of the utilities provider’s stock after selling 1,462 shares during the quarter. Eversource Energy comprises approximately 1.0% of Camelot Portfolios LLC’s holdings, making the stock its 29th largest position. Camelot Portfolios LLC’s holdings in Eversource Energy were worth $937,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Blue Trust Inc. grew its position in Eversource Energy by 135.2% in the third quarter. Blue Trust Inc. now owns 2,347 shares of the utilities provider’s stock worth $160,000 after buying an additional 1,349 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Eversource Energy by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 110,739 shares of the utilities provider’s stock valued at $7,536,000 after purchasing an additional 512 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Eversource Energy by 1.8% during the third quarter. Signaturefd LLC now owns 11,930 shares of the utilities provider’s stock valued at $812,000 after purchasing an additional 206 shares during the last quarter. Greenleaf Trust boosted its position in shares of Eversource Energy by 16.8% in the 3rd quarter. Greenleaf Trust now owns 9,563 shares of the utilities provider’s stock valued at $651,000 after purchasing an additional 1,372 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Eversource Energy in the 3rd quarter worth about $176,214,000. Institutional investors own 79.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ES. Barclays decreased their target price on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday. 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. Finally, Scotiabank reduced their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Eversource Energy has an average rating of “Hold” and an average target price of $67.45.

Insider Buying and Selling

In related news, insider Frederica M. Williams sold 3,092 shares of the firm’s stock in a transaction 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 trade represents a 12.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.41% of the company’s stock.

Eversource Energy Price Performance

Shares of ES opened at $63.41 on Friday. 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 firm has a market cap of $23.26 billion, a PE ratio of 27.45, a PEG ratio of 2.35 and a beta of 0.62. The firm’s 50 day moving average price is $58.19 and its 200 day moving average price is $62.54. Eversource Energy has a twelve month low of $54.75 and a twelve month high of $69.01.

Eversource Energy (NYSE:ES) last released 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 net margin of 6.82% and a return on equity of 10.99%. As a group, research analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 4.75%. Eversource Energy’s dividend payout ratio is currently 123.81%.

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.