Easterly Investment Partners LLC Sells 51,419 Shares of Eversource Energy (NYSE:ES)

Easterly Investment Partners LLC trimmed its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 20.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,382 shares of the utilities provider's stock after selling 51,419 shares during the quarter. Eversource Energy comprises 1.0% of Easterly Investment Partners LLC's holdings, making the stock its 28th biggest position. Easterly Investment Partners LLC owned about 0.05% of Eversource Energy worth $12,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mizuho Bank Ltd. bought a new stake in shares of Eversource Energy during the 4th quarter worth about $26,000. Pinney & Scofield Inc. bought a new stake in shares of Eversource Energy in the 4th quarter worth approximately $33,000. Rossby Financial LCC bought a new stake in shares of Eversource Energy in the 1st quarter worth approximately $34,000. CoreCap Advisors LLC raised its holdings in shares of Eversource Energy by 168.7% in the 4th quarter. CoreCap Advisors LLC now owns 610 shares of the utilities provider's stock worth $35,000 after purchasing an additional 383 shares in the last quarter. Finally, First Financial Corp IN raised its holdings in shares of Eversource Energy by 3,529.4% in the 1st quarter. First Financial Corp IN now owns 617 shares of the utilities provider's stock worth $38,000 after purchasing an additional 600 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors.

Insider Transactions at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total transaction of $166,400.00. Following the completion of the transaction, the executive vice president directly owned 10,988 shares of the company's stock, valued at $703,232. This trade represents a 19.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.41% of the company's stock.

Eversource Energy Trading Up 0.9%

Eversource Energy stock traded up $0.57 during trading hours on Friday, reaching $65.41. 3,868,761 shares of the company's stock traded hands, compared to its average volume of 2,497,171. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.66 and a current ratio of 0.75. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01. The firm has a market capitalization of $24.03 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 2.41 and a beta of 0.62. The firm's 50 day moving average is $64.15 and its 200-day moving average is $60.90.

Eversource Energy (NYSE:ES - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.50. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.65 billion. Eversource Energy had a net margin of 6.63% and a return on equity of 11.04%. The company's revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.49 EPS. On average, analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 15th were paid a dividend of $0.7525 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a yield of 4.60%. Eversource Energy's payout ratio is 129.74%.

Analyst Upgrades and Downgrades

ES has been the topic of several analyst reports. Mizuho lifted their target price on shares of Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Wall Street Zen raised shares of Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. BMO Capital Markets lifted their target price on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. reissued 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. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $65.67.

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.