Kintegral Advisory LLC Sells 9,575 Shares of Eversource Energy (NYSE:ES)

Kintegral Advisory LLC reduced its position in Eversource Energy (NYSE:ES - Free Report) by 32.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of ES. Sterling Investment Counsel LLC raised its holdings in shares of Eversource Energy by 4.9% in the first quarter. Sterling Investment Counsel LLC now owns 4,100 shares of the utilities provider's stock valued at $255,000 after purchasing an additional 190 shares during the last quarter. Ascent Group LLC boosted its position in Eversource Energy by 1.2% during the fourth quarter. Ascent Group LLC now owns 19,663 shares of the utilities provider's stock worth $1,129,000 after purchasing an additional 230 shares during the period. Keybank National Association OH boosted its position in Eversource Energy by 2.6% during the fourth quarter. Keybank National Association OH now owns 9,090 shares of the utilities provider's stock worth $522,000 after purchasing an additional 233 shares during the period. Whittier Trust Co. grew its stake in Eversource Energy by 3.3% during the fourth quarter. Whittier Trust Co. now owns 7,732 shares of the utilities provider's stock valued at $444,000 after acquiring an additional 245 shares in the last quarter. Finally, Assetmark Inc. grew its stake in Eversource Energy by 99.2% during the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 254 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Eversource Energy

In other 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 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. This trade represents a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.19% of the company's stock.

Eversource Energy Price Performance

ES traded up $0.16 during trading on Tuesday, reaching $64.55. 925,480 shares of the company traded hands, compared to its average volume of 2,493,969. 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 12-month low of $52.28 and a 12-month high of $69.01. The firm has a fifty day simple moving average of $63.33 and a 200 day simple moving average of $60.51. The company has a market cap of $23.72 billion, a P/E ratio of 27.82, a PEG ratio of 2.40 and a beta of 0.62.

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

Eversource Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Eversource Energy from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Mizuho boosted their price objective on shares of Eversource Energy from $68.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. JPMorgan Chase & Co. reaffirmed 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. Finally, BMO Capital Markets upped their price target 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. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $65.67.

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.