Blair William & Co. IL Sells 1,040 Shares of Eversource Energy (NYSE:ES)

Blair William & Co. IL trimmed its position in Eversource Energy (NYSE:ES) by 3.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 31,853 shares of the utilities provider’s stock after selling 1,040 shares during the period. Blair William & Co. IL’s holdings in Eversource Energy were worth $1,806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ES. ClearBridge Investments Ltd purchased a new stake in shares of Eversource Energy during the first quarter valued at $156,093,000. Zimmer Partners LP grew its stake in Eversource Energy by 730.4% during the first quarter. Zimmer Partners LP now owns 2,537,095 shares of the utilities provider’s stock valued at $151,642,000 after acquiring an additional 2,231,585 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Eversource Energy by 65.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,868,360 shares of the utilities provider’s stock valued at $227,929,000 after purchasing an additional 1,524,341 shares during the last quarter. M&G Plc purchased a new position in Eversource Energy during the 1st quarter valued at approximately $83,539,000. Finally, BROOKFIELD Corp ON purchased a new position in shares of Eversource Energy in the first quarter valued at $65,389,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays increased their price target on Eversource Energy from $65.00 to $69.00 and gave the company an “equal weight” rating in a report on Monday, July 22nd. Bank of America upped their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. BMO Capital Markets decreased their price objective on Eversource Energy from $73.00 to $70.00 and set a “market perform” rating for the company in a research note on Monday, August 19th. StockNews.com downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 27th. Finally, Wells Fargo & Company lifted their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and a consensus target price of $68.93.

Insider Buying and Selling

In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total transaction of $53,382.50. Following the transaction, the executive vice president now directly owns 9,032 shares in the company, valued at $591,596. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Penelope M. Conner sold 815 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total value of $53,382.50. Following the sale, the executive vice president now directly owns 9,032 shares in the company, valued at $591,596. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Penelope M. Conner sold 500 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $64.94, for a total value of $32,470.00. Following the transaction, the executive vice president now directly owns 9,847 shares of the company’s stock, valued at $639,464.18. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Eversource Energy Stock Up 0.2 %

Shares of ES opened at $66.53 on Tuesday. Eversource Energy has a 52-week low of $52.03 and a 52-week high of $69.01. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.74. The stock has a fifty day simple moving average of $65.78 and a two-hundred day simple moving average of $61.41. The company has a market capitalization of $23.44 billion, a PE ratio of -56.38, a price-to-earnings-growth ratio of 2.59 and a beta of 0.61.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.95. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. Eversource Energy’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the business earned $1.00 earnings per share. As a group, equities analysts forecast that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 23rd will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Monday, September 23rd. Eversource Energy’s dividend payout ratio is presently -242.37%.

Eversource Energy Company 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.