Jay S. Buth Sells 980 Shares of Eversource Energy (NYSE:ES) Stock

Eversource Energy (NYSE:ES) VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following the completion of the transaction, the vice president now owns 24,374 shares in the company, valued at approximately $1,535,318.26. This trade represents a 3.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Eversource Energy Trading Up 1.2 %

Eversource Energy stock opened at $63.79 on Wednesday. The company’s fifty day simple moving average is $58.40 and its 200-day simple moving average is $62.48. 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 has a 12 month low of $54.75 and a 12 month high of $69.01. The stock has a market cap of $23.40 billion, a P/E ratio of 27.62, a P/E/G ratio of 2.35 and a beta of 0.62.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, beating 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, sell-side analysts forecast that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be paid a $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is presently 130.30%.

Institutional Investors Weigh In On Eversource Energy

Several institutional investors and hedge funds have recently modified their holdings of ES. Blue Trust Inc. lifted its stake in shares of Eversource Energy by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 2,347 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 1,349 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Eversource Energy by 0.5% in 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 purchasing an additional 512 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Eversource Energy by 1.0% in the 3rd 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. Parcion Private Wealth LLC acquired a new stake in shares of Eversource Energy in the 3rd quarter valued at $210,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Eversource Energy by 26.9% in the 3rd 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 last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Ratings Changes

ES has been the topic of several recent research reports. 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 research report on Friday, February 21st. Wells Fargo & Company lowered their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Barclays lowered their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Finally, Scotiabank lowered their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have assigned 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 an average price target of $67.45.

About Eversource Energy

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.