Cerity Partners LLC Sells 47,529 Shares of Eversource Energy (NYSE:ES)

Cerity Partners LLC reduced its stake in Eversource Energy (NYSE:ES - Free Report) by 41.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,062 shares of the utilities provider's stock after selling 47,529 shares during the quarter. Cerity Partners LLC's holdings in Eversource Energy were worth $4,227,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Sterling Investment Counsel LLC lifted its position in Eversource Energy by 4.9% during the 1st quarter. Sterling Investment Counsel LLC now owns 4,100 shares of the utilities provider's stock worth $255,000 after buying an additional 190 shares in the last quarter. Ascent Group LLC lifted its position in Eversource Energy by 1.2% during the 4th quarter. Ascent Group LLC now owns 19,663 shares of the utilities provider's stock worth $1,129,000 after buying an additional 230 shares in the last quarter. Whittier Trust Co. lifted its position in Eversource Energy by 3.3% during the 4th quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider's stock worth $444,000 after buying an additional 245 shares in the last quarter. First Manhattan CO. LLC. lifted its position in Eversource Energy by 2.9% during the 4th quarter. First Manhattan CO. LLC. now owns 9,131 shares of the utilities provider's stock worth $524,000 after buying an additional 255 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in Eversource Energy by 1.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 18,577 shares of the utilities provider's stock worth $1,067,000 after buying an additional 274 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ES has been the topic of several recent analyst reports. BMO Capital Markets boosted their price objective on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research note on Monday, April 28th. Mizuho upped their price target on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. JPMorgan Chase & Co. reiterated 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. Finally, Wall Street Zen upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Eversource Energy presently has an average rating of "Hold" and a consensus price target of $65.67.

Eversource Energy Price Performance

Shares of Eversource Energy stock traded up $0.57 on Friday, reaching $65.41. 3,868,761 shares of the stock were exchanged, compared to its average volume of 2,497,171. The firm's 50 day moving average is $64.15 and its 200-day moving average is $60.90. Eversource Energy has a one year low of $52.28 and a one year high of $69.01. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.66 and a current ratio of 0.75. The firm has a market cap of $24.03 billion, a PE ratio of 28.19, a P/E/G ratio of 2.41 and a beta of 0.62.

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

Eversource Energy Announces Dividend

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

Insider Buying and Selling at Eversource Energy

In related news, EVP Penelope M. Conner sold 2,600 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total value of $166,400.00. Following the completion of the transaction, the executive vice president owned 10,988 shares of the company's stock, valued at $703,232. This represents a 19.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.41% of the company's stock.

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.