Crestwood Advisors Group LLC Has $400,000 Position in Eversource Energy (NYSE:ES)

Crestwood Advisors Group LLC grew its position in Eversource Energy (NYSE:ES) by 108.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,974 shares of the utilities provider’s stock after purchasing an additional 3,634 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Eversource Energy were worth $400,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. raised its position in shares of Eversource Energy by 2.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock valued at $418,000 after buying an additional 166 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Eversource Energy by 10.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider’s stock valued at $107,000 after buying an additional 176 shares in the last quarter. UMB Bank n.a. raised its position in shares of Eversource Energy by 38.4% in the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock valued at $41,000 after buying an additional 197 shares in the last quarter. Louisiana State Employees Retirement System raised its position 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 buying an additional 200 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its position in shares of Eversource Energy by 4.6% in the 4th quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider’s stock valued at $281,000 after buying an additional 216 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Trading Up 1.2 %

ES opened at $63.79 on Wednesday. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $23.40 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 2.35 and a beta of 0.62. The company’s 50 day moving average price is $58.40 and its two-hundred day moving average price is $62.48.

Eversource Energy (NYSE:ES) last posted its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently disclosed 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 positive change 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 4.72%. The ex-dividend date of this dividend is Tuesday, March 4th. Eversource Energy’s dividend payout ratio is currently 130.30%.

Insider Activity

In other news, 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 sale, the vice president now directly owns 24,374 shares of the company’s stock, valued at approximately $1,535,318.26. This represents a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays dropped 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 report on Wednesday, January 22nd. Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. Scotiabank lowered their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a research report on Thursday, February 13th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company lowered their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Two investment 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 data from MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and a consensus target price of $67.45.

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.