Eversource Energy (NYSE:ES) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC trimmed its position in Eversource Energy (NYSE:ES - Free Report) by 32.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,522 shares of the utilities provider's stock after selling 9,575 shares during the quarter. Kintegral Advisory LLC's holdings in Eversource Energy were worth $1,213,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. IFM Investors Pty Ltd grew its position in Eversource Energy by 4.9% in the first quarter. IFM Investors Pty Ltd now owns 155,244 shares of the utilities provider's stock worth $10,564,000 after acquiring an additional 7,315 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in Eversource Energy by 6.8% in the first quarter. OneDigital Investment Advisors LLC now owns 12,291 shares of the utilities provider's stock worth $763,000 after acquiring an additional 778 shares in the last quarter. Sterling Financial Planning Inc. purchased a new position in Eversource Energy in the first quarter worth about $214,000. Checchi Capital Advisers LLC grew its position in Eversource Energy by 14.5% in the first quarter. Checchi Capital Advisers LLC now owns 4,283 shares of the utilities provider's stock worth $266,000 after acquiring an additional 543 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in Eversource Energy by 10.1% in the first quarter. D.A. Davidson & CO. now owns 27,419 shares of the utilities provider's stock worth $1,703,000 after acquiring an additional 2,509 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ES. Wall Street Zen upgraded Eversource Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Mizuho lifted their price target on Eversource Energy from $68.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. BMO Capital Markets boosted 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. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $58.00 target price (down previously 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $65.67.

Insider Buying and Selling

In related news, EVP Penelope M. Conner sold 2,600 shares of the business'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 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. The trade was a 19.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.19% of the stock is owned by company insiders.

Eversource Energy Trading Up 0.2%

Shares of NYSE ES traded up $0.12 during trading hours on Friday, reaching $64.57. The stock had a trading volume of 1,471,270 shares, compared to its average volume of 2,497,873. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.71. The firm has a market cap of $23.72 billion, a price-to-earnings ratio of 27.83, a P/E/G ratio of 2.40 and a beta of 0.62. The business's fifty day moving average price is $63.23 and its two-hundred day moving average price is $60.43. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $69.01.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly 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 firm 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 11.04% and a net margin of 6.63%. Eversource Energy's quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.49 earnings per share. Analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 15th were paid a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Thursday, May 15th. Eversource Energy's dividend payout ratio (DPR) is 129.74%.

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.