Eversource Energy (NYSE:ES) Shares Sold by Cwm LLC

Cwm LLC lowered its position in Eversource Energy (NYSE:ES) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,295 shares of the utilities provider’s stock after selling 2,311 shares during the quarter. Cwm LLC’s holdings in Eversource Energy were worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ES. Exchange Traded Concepts LLC acquired a new position in Eversource Energy in the fourth quarter worth approximately $26,000. UMB Bank n.a. boosted its stake in Eversource Energy by 130.9% in the 3rd quarter. UMB Bank n.a. now owns 642 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 364 shares during the period. MV Capital Management Inc. boosted its stake in Eversource Energy by 40.4% in the 3rd quarter. MV Capital Management Inc. now owns 716 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 206 shares during the period. CVA Family Office LLC acquired a new position in Eversource Energy in the 4th quarter worth approximately $43,000. Finally, Blue Trust Inc. boosted its stake in Eversource Energy by 172.7% in the 4th quarter. Blue Trust Inc. now owns 758 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 480 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Trading Down 0.5 %

Shares of ES opened at $60.52 on Friday. Eversource Energy has a one year low of $52.03 and a one year high of $79.43. The company has a current ratio of 0.67, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66. The company’s fifty day moving average price is $58.92 and its 200 day moving average price is $57.94.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.02). Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. Equities research analysts anticipate that Eversource Energy will post 4.51 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.715 per share. This is an increase from Eversource Energy’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Monday, March 4th. This represents a $2.86 annualized dividend and a dividend yield of 4.73%. Eversource Energy’s payout ratio is presently -226.98%.

Insider Transactions at Eversource Energy

In other news, insider Linda Dorcena Forry sold 822 shares of Eversource Energy stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.12, for a total transaction of $47,774.64. Following the sale, the insider now directly owns 10,485 shares in the company, valued at approximately $609,388.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Frederica M. Williams sold 2,714 shares of Eversource Energy stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $57.60, for a total transaction of $156,326.40. Following the sale, the insider now directly owns 21,621 shares in the company, valued at approximately $1,245,369.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Linda Dorcena Forry sold 822 shares of Eversource Energy stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.12, for a total transaction of $47,774.64. Following the sale, the insider now owns 10,485 shares in the company, valued at $609,388.20. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Scotiabank decreased their price objective on shares of Eversource Energy from $61.00 to $57.00 and set a “sector perform” rating for the company in a research note on Monday. Guggenheim raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $60.00 to $72.00 in a research note on Monday, January 22nd. Argus decreased their target price on shares of Eversource Energy from $85.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, March 25th. StockNews.com upgraded shares of Eversource Energy to a “sell” rating in a report on Thursday, March 28th. Finally, BMO Capital Markets raised their price target on shares of Eversource Energy from $63.00 to $64.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $65.85.

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.