Glenview Trust co Purchases 2,567 Shares of Eversource Energy (NYSE:ES)

Glenview Trust co raised its stake in Eversource Energy (NYSE:ES) by 48.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,859 shares of the utilities provider’s stock after purchasing an additional 2,567 shares during the quarter. Glenview Trust co’s holdings in Eversource Energy were worth $451,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in Eversource Energy in the third quarter valued at approximately $31,000. Kestra Investment Management LLC bought a new stake in Eversource Energy in the fourth quarter valued at approximately $29,000. Assetmark Inc. lifted its position in Eversource Energy by 99.2% in the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 254 shares during the last quarter. Larson Financial Group LLC lifted its position in Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 350 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Eversource Energy by 104.5% during the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider’s stock valued at $34,000 after buying an additional 301 shares during the period. Institutional investors own 79.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ES. Barclays reduced their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Thursday, March 13th. Jefferies Financial Group reduced their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 28th. Scotiabank reduced their target price on 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. Finally, Guggenheim reissued a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $67.45.

Eversource Energy Price Performance

Shares of ES stock opened at $61.55 on Tuesday. The stock has a market cap of $22.59 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 2.35 and a beta of 0.60. The business’s fifty day moving average is $59.53 and its 200 day moving average is $61.98. Eversource Energy has a twelve month low of $54.75 and a twelve month high of $69.01. 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 EPS for the quarter, topping 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%. Research analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be paid a $0.7525 dividend. This is a boost 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 4.89%. The ex-dividend date is Tuesday, March 4th. Eversource Energy’s dividend payout ratio is currently 130.30%.

Insider Transactions at Eversource Energy

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 transaction, the insider now directly owns 22,671 shares of the company’s stock, valued at $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 available through the SEC website. Also, VP Jay S. Buth sold 980 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.99, for a total value of $61,730.20. Following the transaction, the vice president now directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. The trade was a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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.