Eversource Energy (NYSE:ES) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC raised its stake in Eversource Energy (NYSE:ES - Free Report) by 35.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,274 shares of the utilities provider's stock after acquiring an additional 5,887 shares during the period. EP Wealth Advisors LLC's holdings in Eversource Energy were worth $1,279,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Mizuho Bank Ltd. purchased a new stake in shares of Eversource Energy during the 4th quarter valued at about $26,000. Kestra Investment Management LLC bought a new stake in Eversource Energy during the fourth quarter worth approximately $29,000. Assetmark Inc. raised its position in Eversource Energy by 99.2% during the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 254 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Eversource Energy by 104.5% in the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 301 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Eversource Energy in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 79.99% of the company's stock.

Wall Street Analysts Forecast Growth

ES has been the subject of several analyst reports. Barclays decreased 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 note 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. Jefferies Financial Group decreased their price objective on Eversource Energy from $52.00 to $47.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. 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 report on Thursday, February 13th. Finally, Guggenheim reissued a "buy" rating on shares of Eversource Energy in a report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Eversource Energy has an average rating of "Hold" and a consensus target price of $65.78.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the business's stock in a transaction that occurred 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 $1,411,496.46. The trade was a 12.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jay S. Buth sold 980 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.99, for a total value of $61,730.20. Following the completion of the transaction, the vice president now directly owns 24,374 shares in the company, valued at $1,535,318.26. This trade represents a 3.87% decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Trading Down 2.4%

ES stock traded down $1.52 during trading on Wednesday, reaching $61.39. 2,669,942 shares of the stock were exchanged, compared to its average volume of 2,411,411. The business has a 50 day moving average price of $59.51 and a 200-day moving average price of $59.88. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $22.55 billion, a price-to-earnings ratio of 26.58, a P/E/G ratio of 2.35 and a beta of 0.61. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, meeting analysts' consensus estimates of $1.50. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. The business had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The company's revenue was up 23.6% on a year-over-year basis. On average, research analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.7525 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a yield of 4.90%. Eversource Energy's dividend payout ratio (DPR) is presently 129.74%.

Eversource Energy Company 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.