Eversource Energy (NYSE:ES) Shares Sold by Oxler Private Wealth LLC

Oxler Private Wealth LLC reduced its stake in shares of Eversource Energy (NYSE:ES - Free Report) by 83.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,130 shares of the utilities provider's stock after selling 26,646 shares during the period. Oxler Private Wealth LLC's holdings in Eversource Energy were worth $317,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ES. Exchange Traded Concepts LLC purchased a new position in Eversource Energy in the 4th quarter worth approximately $26,000. Bfsg LLC bought a new stake in Eversource Energy in the 4th quarter worth approximately $31,000. Hexagon Capital Partners LLC increased its stake in Eversource Energy by 84.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 596 shares of the utilities provider's stock worth $37,000 after acquiring an additional 272 shares during the last quarter. MV Capital Management Inc. increased its stake in Eversource Energy by 40.4% in the 3rd quarter. MV Capital Management Inc. now owns 716 shares of the utilities provider's stock worth $42,000 after acquiring an additional 206 shares during the last quarter. Finally, CVA Family Office LLC bought a new stake in Eversource Energy in the 4th quarter worth approximately $43,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Down 2.3 %

Shares of ES stock traded down $1.42 during mid-day trading on Wednesday, hitting $59.80. The stock had a trading volume of 1,565,601 shares, compared to its average volume of 2,756,393. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $74.81. The firm has a market capitalization of $21.07 billion, a P/E ratio of -50.68, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57. The firm's 50-day moving average is $59.67 and its two-hundred day moving average is $58.76. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.77 and a quick ratio of 0.68.

Eversource Energy (NYSE:ES - Get Free Report) last issued its earnings results on Wednesday, May 1st. The utilities provider reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.04. Eversource Energy had a positive return on equity of 10.32% and a negative net margin of 3.60%. The business had revenue of $3.33 billion during the quarter, compared to analysts' expectations of $3.69 billion. During the same period in the prior year, the business earned $1.41 EPS. The business's revenue for the quarter was down 12.2% compared to the same quarter last year. On average, analysts predict that Eversource Energy will post 4.53 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 16th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Wednesday, May 15th. Eversource Energy's dividend payout ratio is -242.37%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ES. StockNews.com raised Eversource Energy to a "sell" rating in a research report on Thursday, March 28th. Wells Fargo & Company boosted their target price on Eversource Energy from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, May 3rd. Citigroup boosted their target price on Eversource Energy from $58.00 to $62.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. Mizuho raised Eversource Energy from a "neutral" rating to a "buy" rating and boosted their target price for the company from $54.00 to $62.00 in a research report on Thursday, February 15th. Finally, The Goldman Sachs Group began coverage on Eversource Energy in a research report on Wednesday, April 10th. They set a "buy" rating and a $73.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $65.86.

Insiders Place Their Bets

In related news, insider Frederica M. Williams sold 2,714 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $57.60, for a total transaction of $156,326.40. Following the completion of the sale, the insider now directly owns 21,621 shares in the company, valued at approximately $1,245,369.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Linda Dorcena Forry sold 822 shares of the company's stock in a transaction 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 in the company, valued at approximately $609,388.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frederica M. Williams sold 2,714 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $57.60, for a total value of $156,326.40. Following the sale, the insider now owns 21,621 shares of the company's stock, valued at $1,245,369.60. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

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.