ST Germain D J Co. Inc. Cuts Holdings in Eversource Energy (NYSE:ES)

ST Germain D J Co. Inc. reduced its stake in Eversource Energy (NYSE:ES - Free Report) by 47.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,443 shares of the utilities provider's stock after selling 16,892 shares during the quarter. ST Germain D J Co. Inc.'s holdings in Eversource Energy were worth $1,145,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Eversource Energy by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider's stock worth $2,561,936,000 after acquiring an additional 1,387,072 shares in the last quarter. Wellington Management Group LLP boosted its position in Eversource Energy by 38.6% in the fourth quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider's stock valued at $945,893,000 after buying an additional 4,585,232 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Eversource Energy by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider's stock valued at $570,500,000 after buying an additional 226,972 shares in the last quarter. Geode Capital Management LLC boosted its position in Eversource Energy by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider's stock valued at $547,550,000 after buying an additional 517,042 shares in the last quarter. Finally, FMR LLC boosted its position in Eversource Energy by 4.8% in the fourth quarter. FMR LLC now owns 7,352,593 shares of the utilities provider's stock valued at $422,259,000 after buying an additional 333,529 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company's stock.

Insider Transactions at Eversource Energy

In other news, EVP Penelope M. Conner sold 2,600 shares of the business's stock in a transaction dated 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 now directly owns 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ES. Scotiabank cut their target price on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a research report on Thursday, February 13th. Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $58.00 price target (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. BMO Capital Markets raised their price target on shares of Eversource Energy from $71.00 to $72.00 and gave the company a "market perform" rating in a research note on Monday, April 28th. Finally, Wells Fargo & Company dropped their price target on shares of Eversource Energy from $79.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Eversource Energy currently has an average rating of "Hold" and a consensus target price of $65.78.

Eversource Energy Trading Up 0.3%

NYSE ES traded up $0.20 during mid-day trading on Friday, reaching $65.50. 2,738,511 shares of the stock were exchanged, compared to its average volume of 2,456,758. Eversource Energy has a one year low of $52.28 and a one year high of $69.01. The stock has a 50 day simple moving average of $60.61 and a 200-day simple moving average of $60.07. The stock has a market cap of $24.06 billion, a P/E ratio of 28.36, a P/E/G ratio of 2.35 and a beta of 0.63. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. The firm 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 was up 23.6% compared to the same quarter last year. On average, analysts anticipate 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 will be paid on Monday, June 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend is Thursday, May 15th. Eversource Energy's payout ratio is presently 129.74%.

About Eversource Energy

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.