Boston Trust Walden Corp Lowers Position in Eversource Energy (NYSE:ES)

Boston Trust Walden Corp lessened its position in Eversource Energy (NYSE:ES - Free Report) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 990,619 shares of the utilities provider's stock after selling 11,385 shares during the quarter. Boston Trust Walden Corp owned approximately 0.27% of Eversource Energy worth $61,527,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ES. LSV Asset Management purchased a new position in Eversource Energy during the fourth quarter valued at $2,223,000. Farther Finance Advisors LLC raised its stake in Eversource Energy by 105.6% during the first quarter. Farther Finance Advisors LLC now owns 4,623 shares of the utilities provider's stock valued at $287,000 after buying an additional 2,374 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Eversource Energy by 10.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,569,671 shares of the utilities provider's stock valued at $90,146,000 after buying an additional 151,562 shares during the last quarter. Truist Financial Corp raised its stake in Eversource Energy by 5.6% during the fourth quarter. Truist Financial Corp now owns 21,385 shares of the utilities provider's stock valued at $1,228,000 after buying an additional 1,138 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Eversource Energy by 9.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 548,858 shares of the utilities provider's stock valued at $31,455,000 after buying an additional 47,189 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company's stock.

Eversource Energy Stock Down 1.3%

ES stock opened at $62.37 on Thursday. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $69.01. The business has a fifty day moving average price of $61.77 and a 200-day moving average price of $60.14. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.75 and a quick ratio of 0.66. The stock has a market capitalization of $22.91 billion, a P/E ratio of 26.88, a P/E/G ratio of 2.35 and a beta of 0.63.

Eversource Energy (NYSE:ES - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Eversource Energy had a return on equity of 11.04% and a net margin of 6.63%. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the company posted $1.49 earnings per share. Eversource Energy's revenue was up 23.6% compared to the same quarter last year. Equities analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 15th will be issued a $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Thursday, May 15th. Eversource Energy's payout ratio is currently 129.74%.

Insider Buying and Selling

In related news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total value of $166,400.00. Following the completion of the sale, the executive vice president now owns 10,988 shares of the company's stock, valued at $703,232. The trade was a 19.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BMO Capital Markets lifted their price objective on Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research note on Monday, April 28th. Wall Street Zen upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a $58.00 price target (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Three 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, Eversource Energy presently has an average rating of "Hold" and a consensus price target of $65.78.

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.

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