Signaturefd LLC Has $764,000 Holdings in Eversource Energy (NYSE:ES)

Signaturefd LLC lifted its holdings in Eversource Energy (NYSE:ES) by 7.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,384 shares of the utilities provider’s stock after purchasing an additional 864 shares during the period. Signaturefd LLC’s holdings in Eversource Energy were worth $764,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Czech National Bank lifted its position in shares of Eversource Energy by 0.3% in the fourth quarter. Czech National Bank now owns 61,182 shares of the utilities provider’s stock worth $3,776,000 after purchasing an additional 168 shares in the last quarter. Pinion Investment Advisors LLC raised its position in Eversource Energy by 4.1% during the third quarter. Pinion Investment Advisors LLC now owns 4,955 shares of the utilities provider’s stock worth $288,000 after acquiring an additional 197 shares in the last quarter. Assetmark Inc. raised its position in Eversource Energy by 22.8% during the third quarter. Assetmark Inc. now owns 1,087 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 202 shares in the last quarter. MV Capital Management Inc. raised its position in Eversource Energy by 40.4% during the third quarter. MV Capital Management Inc. now owns 716 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 206 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Eversource Energy by 22.1% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,217 shares of the utilities provider’s stock worth $66,000 after acquiring an additional 220 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Insider Transactions at Eversource Energy

In other news, insider Linda Dorcena Forry sold 822 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $58.12, for a total transaction of $47,774.64. Following the completion of the sale, the insider now owns 10,485 shares of the company’s stock, valued at approximately $609,388.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Frederica M. Williams sold 2,714 shares of Eversource Energy stock in a transaction on Monday, February 26th. The shares were sold at an average price of $57.60, for a total value of $156,326.40. Following the completion of the sale, the insider now owns 21,621 shares of the company’s stock, valued at approximately $1,245,369.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Linda Dorcena Forry sold 822 shares of Eversource Energy stock in a transaction on Friday, March 1st. The shares were sold at an average price of $58.12, for a total transaction of $47,774.64. Following the completion of the sale, the insider now directly owns 10,485 shares of the company’s stock, valued at approximately $609,388.20. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Eversource Energy Trading Up 0.1 %

Shares of NYSE ES opened at $60.34 on Wednesday. The company has a 50 day simple moving average of $58.81 and a 200 day simple moving average of $57.90. Eversource Energy has a 1 year low of $52.03 and a 1 year high of $79.92. The company has a current ratio of 0.67, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3 billion. Eversource Energy had a negative net margin of 3.71% and a positive return on equity of 9.92%. The firm’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 EPS. Equities research analysts anticipate that Eversource Energy will post 4.52 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Tuesday, March 5th were issued a dividend of $0.715 per share. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.68. The ex-dividend date was Monday, March 4th. This represents a $2.86 annualized dividend and a yield of 4.74%. Eversource Energy’s dividend payout ratio (DPR) is presently -226.98%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ES. Barclays dropped their price target on shares of Eversource Energy from $66.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Monday, January 22nd. Argus dropped their price objective on shares of Eversource Energy from $85.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. StockNews.com raised shares of Eversource Energy to a “sell” rating in a research report on Thursday, March 28th. Scotiabank dropped their price objective on shares of Eversource Energy from $61.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group started coverage on shares of Eversource Energy in a research report on Wednesday, April 10th. They issued a “buy” rating and a $73.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and a consensus price target of $65.85.

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.