Eversource Energy (NYSE:ES) Position Lessened by Boston Common Asset Management LLC

Boston Common Asset Management LLC lowered its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 35.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,904 shares of the utilities provider's stock after selling 62,759 shares during the quarter. Boston Common Asset Management LLC's holdings in Eversource Energy were worth $7,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ES. Mirae Asset Global Investments Co. Ltd. increased its position in 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 acquiring an additional 9,981 shares during the period. Everett Harris & Co. CA increased its position in Eversource Energy by 125.2% in the 4th quarter. Everett Harris & Co. CA now owns 8,093 shares of the utilities provider's stock valued at $465,000 after acquiring an additional 4,500 shares during the period. Boston Trust Walden Corp increased its position in Eversource Energy by 3.0% in the 4th quarter. Boston Trust Walden Corp now owns 1,002,004 shares of the utilities provider's stock valued at $57,545,000 after acquiring an additional 28,725 shares during the period. Savant Capital LLC increased its position in Eversource Energy by 2.9% in the 4th quarter. Savant Capital LLC now owns 12,202 shares of the utilities provider's stock valued at $701,000 after acquiring an additional 347 shares during the period. Finally, LSV Asset Management acquired a new stake in Eversource Energy in the 4th quarter valued at approximately $2,223,000. Institutional investors and hedge funds own 79.99% of the company's stock.

Eversource Energy Price Performance

NYSE ES traded up $0.79 on Friday, reaching $64.88. 5,660,354 shares of the stock traded hands, compared to its average volume of 2,446,052. The company has a market cap of $23.84 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 2.35 and a beta of 0.61. 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 firm's fifty day simple moving average is $60.21 and its 200 day simple moving average is $59.95. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $69.01.

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

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 15th will be given a $0.7525 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.01 annualized dividend and a dividend yield of 4.64%. Eversource Energy's dividend payout ratio (DPR) is presently 129.74%.

Insider Transactions at Eversource Energy

In related news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total transaction of $166,400.00. Following the completion of the sale, the executive vice president now directly owns 10,988 shares in the company, valued at approximately $703,232. This trade represents a 19.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company lowered their target price on Eversource Energy from $79.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. BMO Capital Markets raised their target price on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research report on Monday, April 28th. Guggenheim restated a "buy" rating on shares of Eversource Energy in a research report on Monday, February 10th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $58.00 target price (down from $69.00) on shares of Eversource Energy in a research report on Thursday, April 10th. Finally, Scotiabank decreased their price target 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. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Eversource Energy currently has an average rating of "Hold" and an average 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.