Eversource Energy (NYSE:ES) Shares Sold by Ieq Capital LLC

Ieq Capital LLC lessened its holdings in Eversource Energy (NYSE:ES) by 16.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,236 shares of the utilities provider’s stock after selling 5,928 shares during the period. Ieq Capital LLC’s holdings in Eversource Energy were worth $1,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in ES. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Eversource Energy by 33.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,231 shares of the utilities provider’s stock valued at $2,306,000 after buying an additional 9,981 shares during the period. Verity & Verity LLC acquired a new position in Eversource Energy in the fourth quarter valued at approximately $744,000. Nordea Investment Management AB grew its holdings in shares of Eversource Energy by 41.7% during the fourth quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock valued at $99,554,000 after purchasing an additional 510,582 shares during the last quarter. Landscape Capital Management L.L.C. raised its position in shares of Eversource Energy by 46.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider’s stock worth $2,151,000 after purchasing an additional 10,093 shares during the period. Finally, Everett Harris & Co. CA lifted its holdings in shares of Eversource Energy by 125.2% in the 4th quarter. Everett Harris & Co. CA now owns 8,093 shares of the utilities provider’s stock worth $465,000 after purchasing an additional 4,500 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ES. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday. Barclays dropped their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Jefferies Financial Group dropped their price target 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. 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 report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $67.45.

Eversource Energy Stock Up 0.0 %

Shares of ES opened at $63.41 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The company has a 50-day moving average price of $58.19 and a two-hundred day moving average price of $62.50. The stock has a market cap of $23.26 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 2.35 and a beta of 0.62. Eversource Energy has a 12 month low of $54.75 and a 12 month high of $69.01.

Eversource Energy (NYSE:ES) last issued its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. Equities 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. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.75%. 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. Eversource Energy’s dividend payout ratio is presently 123.81%.

Insider Activity

In other news, insider Frederica M. Williams sold 3,092 shares of the firm’s 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. This trade represents a 12.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by insiders.

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.