Amica Mutual Insurance Co. Lowers Holdings in Eversource Energy (NYSE:ES)

Amica Mutual Insurance Co. lowered its position in shares of Eversource Energy (NYSE:ES - Free Report) by 81.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,930 shares of the utilities provider's stock after selling 43,860 shares during the period. Amica Mutual Insurance Co.'s holdings in Eversource Energy were worth $613,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new stake in shares of Eversource Energy during the 4th quarter worth $26,000. Bfsg LLC bought a new stake in shares of Eversource Energy in the 4th quarter valued at about $31,000. UMB Bank n.a. grew its position in shares of Eversource Energy by 130.9% in the 3rd quarter. UMB Bank n.a. now owns 642 shares of the utilities provider's stock worth $37,000 after buying an additional 364 shares during the last quarter. CVA Family Office LLC purchased a new stake in Eversource Energy during the fourth quarter valued at approximately $43,000. Finally, MV Capital Management Inc. boosted its stake in Eversource Energy by 40.4% in the third quarter. MV Capital Management Inc. now owns 716 shares of the utilities provider's stock valued at $42,000 after acquiring an additional 206 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Linda Dorcena Forry sold 822 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $58.12, for a total value of $47,774.64. Following the completion of the sale, the insider now owns 10,485 shares in the company, valued at approximately $609,388.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Eversource Energy news, insider Linda Dorcena Forry sold 822 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $58.12, for a total transaction of $47,774.64. Following the completion of the sale, the insider now directly owns 10,485 shares of the company's stock, valued at approximately $609,388.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frederica M. Williams sold 2,714 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $57.60, for a total value of $156,326.40. Following the completion of the transaction, the insider now directly owns 21,621 shares in the company, valued at approximately $1,245,369.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Eversource Energy Stock Up 1.7 %

Eversource Energy stock traded up $1.00 during trading on Monday, reaching $60.46. The stock had a trading volume of 1,789,704 shares, compared to its average volume of 2,891,882. The company has a quick ratio of 0.59, a current ratio of 0.67 and a debt-to-equity ratio of 1.66. Eversource Energy has a 52-week low of $52.03 and a 52-week high of $78.64. The stock has a market cap of $21.20 billion, a PE ratio of -47.98, a P/E/G ratio of 3.16 and a beta of 0.58. The business has a 50 day moving average price of $58.97 and a 200 day moving average price of $57.99.

Eversource Energy (NYSE:ES - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.02). The business had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $3 billion. Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. The firm's quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. On average, analysts predict that Eversource Energy will post 4.51 EPS for the current year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 5th were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend was Monday, March 4th. This is an increase from Eversource Energy's previous quarterly dividend of $0.68. Eversource Energy's dividend payout ratio (DPR) is currently -226.98%.

Analyst Upgrades and Downgrades

ES has been the subject of a number of research reports. Argus dropped their target price on shares of Eversource Energy from $85.00 to $68.00 and set a "buy" rating for the company in a report on Monday, March 25th. The Goldman Sachs Group started coverage on shares of Eversource Energy in a research note on Wednesday, April 10th. They set a "buy" rating and a $73.00 price objective for the company. Wells Fargo & Company raised their target price on shares of Eversource Energy from $67.00 to $69.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 9th. Mizuho upgraded Eversource Energy from a "neutral" rating to a "buy" rating and upped their price target for the company from $54.00 to $62.00 in a research report on Thursday, February 15th. Finally, Scotiabank reduced their price objective on Eversource Energy from $61.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $65.85.

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.

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