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

Eversource Energy logo with Utilities background

Kintegral Advisory LLC decreased its holdings in Eversource Energy (NYSE:ES - Free Report) by 32.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,522 shares of the utilities provider's stock after selling 9,575 shares during the period. Kintegral Advisory LLC's holdings in Eversource Energy were worth $1,213,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mizuho Bank Ltd. purchased a new position in shares of Eversource Energy during the fourth quarter valued at $26,000. Assetmark Inc. grew its holdings in Eversource Energy by 99.2% during the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock worth $29,000 after acquiring an additional 254 shares in the last quarter. Pinney & Scofield Inc. purchased a new position in Eversource Energy during the 4th quarter valued at about $33,000. Rossby Financial LCC bought a new stake in shares of Eversource Energy in the 1st quarter valued at about $34,000. Finally, CoreCap Advisors LLC lifted its position 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 during the period. 79.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued an "underweight" rating and set a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Wall Street Zen raised 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 company an "outperform" rating in a report on Wednesday, June 25th. Finally, BMO Capital Markets upped their price objective on Eversource Energy from $71.00 to $72.00 and gave the stock a "market perform" rating in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Eversource Energy presently has a consensus rating of "Hold" and a consensus target price of $65.67.

Read Our Latest Analysis on Eversource Energy

Insider Buying and Selling

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy 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 sale, the executive vice president directly owned 10,988 shares in the company, valued at approximately $703,232. The trade was a 19.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Stock Performance

NYSE:ES traded up $0.12 during trading hours on Friday, hitting $64.57. 1,471,270 shares of the company were exchanged, compared to its average volume of 2,494,896. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.75 and a quick ratio of 0.66. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $69.01. The stock has a market capitalization of $23.72 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 2.40 and a beta of 0.62. The company's 50 day moving average price is $63.23 and its 200-day moving average price is $60.40.

Eversource Energy (NYSE:ES - Get Free Report) last posted 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 net margin of 6.63% and a return on equity of 11.04%. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The business's revenue for the quarter was up 23.6% compared to the same quarter last year. As a group, research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, May 15th were given a $0.7525 dividend. 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 4.66%. Eversource Energy's dividend payout ratio is currently 129.74%.

About Eversource Energy

(Free Report)

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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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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