Eversource Energy (NYSE:ES) Shares Sold by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL trimmed its holdings in shares of Eversource Energy (NYSE:ES) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,888 shares of the utilities provider’s stock after selling 2,389 shares during the period. Vaughan David Investments LLC IL’s holdings in Eversource Energy were worth $3,784,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in Eversource Energy by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 2,347 shares of the utilities provider’s stock worth $160,000 after acquiring an additional 1,349 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Eversource Energy by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 110,739 shares of the utilities provider’s stock worth $7,536,000 after buying an additional 512 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings 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 period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Eversource Energy by 26.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,250 shares of the utilities provider’s stock valued at $2,042,000 after purchasing an additional 6,409 shares during the period. Finally, Forsta AP Fonden grew its holdings in shares of Eversource Energy by 1.5% in the third quarter. Forsta AP Fonden now owns 94,600 shares of the utilities provider’s stock valued at $6,438,000 after purchasing an additional 1,400 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Price Performance

Shares of NYSE ES opened at $62.96 on Tuesday. The firm has a market capitalization of $23.09 billion, a PE ratio of 27.26, a P/E/G ratio of 2.35 and a beta of 0.62. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. Eversource Energy has a 1-year low of $54.75 and a 1-year high of $69.01. The business’s fifty day moving average price is $58.29 and its two-hundred day moving average price is $62.49.

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

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.78%. Eversource Energy’s dividend payout ratio (DPR) is 130.30%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ES shares. Scotiabank reduced 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 report on Thursday, February 13th. Wells Fargo & Company reduced their target price on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday. Finally, Jefferies Financial Group cut their target price on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $67.45.

Insider Activity at Eversource Energy

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the transaction, the insider now owns 22,671 shares in the company, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jay S. Buth sold 980 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.99, for a total value of $61,730.20. Following the completion of the sale, the vice president now owns 24,374 shares of the company’s stock, valued at $1,535,318.26. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

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.