505 Shares in Eversource Energy (NYSE:ES) Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC purchased a new position in shares of Eversource Energy (NYSE:ES) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 505 shares of the utilities provider’s stock, valued at approximately $29,000.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its stake in Eversource Energy by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 2,347 shares of the utilities provider’s stock valued at $160,000 after acquiring an additional 1,349 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Eversource Energy by 0.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 110,739 shares of the utilities provider’s stock valued at $7,536,000 after acquiring an additional 512 shares in the last quarter. Greenleaf Trust grew its stake in Eversource Energy by 16.8% during the 3rd quarter. Greenleaf Trust now owns 9,563 shares of the utilities provider’s stock valued at $651,000 after acquiring an additional 1,372 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Eversource Energy during the 3rd quarter valued at about $176,214,000. Finally, Louisiana State Employees Retirement System boosted its stake in Eversource Energy by 1.0% during the third quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock worth $1,368,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Activity

In other news, insider Frederica M. Williams sold 3,092 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total transaction of $192,507.92. Following the sale, the insider now owns 22,671 shares of the company’s stock, valued at approximately $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Barclays cut their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Guggenheim restated a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday. Jefferies Financial Group cut their price target on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a report on Tuesday, January 28th. Finally, Scotiabank decreased their price objective on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Eversource Energy has a consensus rating of “Hold” and a consensus target price of $67.45.

Eversource Energy Stock Up 0.0 %

Shares of NYSE ES opened at $63.41 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The business’s 50 day moving average is $58.19 and its two-hundred day moving average is $62.52. Eversource Energy has a 52-week low of $54.75 and a 52-week high of $69.01. The firm has a market cap of $23.26 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 2.35 and a beta of 0.62.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. Research analysts predict that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Tuesday, March 4th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s dividend payout ratio is currently 123.81%.

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.