Eversource Energy (NYSE:ES) Shares Sold by New England Capital Financial Advisors LLC

New England Capital Financial Advisors LLC trimmed its stake in shares of Eversource Energy (NYSE:ES) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,497 shares of the utilities provider’s stock after selling 448 shares during the period. New England Capital Financial Advisors LLC’s holdings in Eversource Energy were worth $488,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. boosted its position in Eversource Energy by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock worth $418,000 after purchasing an additional 166 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Eversource Energy by 10.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 176 shares in the last quarter. UMB Bank n.a. raised its position in Eversource Energy by 38.4% during the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 197 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Eversource Energy by 1.0% in the third quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock valued at $1,368,000 after purchasing an additional 200 shares during the last quarter. Finally, Summit Trail Advisors LLC increased its stake in shares of Eversource Energy by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider’s stock worth $281,000 after purchasing an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Activity

In related news, insider Frederica M. Williams sold 3,092 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the sale, the insider now directly owns 22,671 shares in the company, valued at approximately $1,411,496.46. This represents a 12.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

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

Eversource Energy Stock Up 0.0 %

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

Eversource Energy (NYSE:ES) last released its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. As a group, analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be given a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 4.75%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Tuesday, March 4th. Eversource Energy’s dividend payout ratio is 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.