Metis Global Partners LLC Has $1.41 Million Stock Holdings in Eversource Energy (NYSE:ES)

Metis Global Partners LLC lessened its holdings in Eversource Energy (NYSE:ES) by 22.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,861 shares of the utilities provider’s stock after selling 6,433 shares during the quarter. Metis Global Partners LLC’s holdings in Eversource Energy were worth $1,411,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in Eversource Energy by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,296,972 shares of the utilities provider’s stock valued at $404,856,000 after buying an additional 134,492 shares during the period. Legal & General Group Plc boosted its position in shares of Eversource Energy by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 6,628,663 shares of the utilities provider’s stock valued at $385,457,000 after purchasing an additional 163,053 shares in the last quarter. Nordea Investment Management AB grew its stake in Eversource Energy by 8.2% during the fourth quarter. Nordea Investment Management AB now owns 6,299,800 shares of the utilities provider’s stock worth $388,509,000 after purchasing an additional 475,341 shares during the period. Morgan Stanley increased its holdings in Eversource Energy by 19.3% in the third quarter. Morgan Stanley now owns 4,464,230 shares of the utilities provider’s stock worth $259,595,000 after purchasing an additional 723,318 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Eversource Energy by 2.7% during the 3rd quarter. Northern Trust Corp now owns 4,237,474 shares of the utilities provider’s stock worth $246,409,000 after buying an additional 111,294 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Insider Transactions at Eversource Energy

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

Eversource Energy Stock Performance

Shares of ES stock opened at $61.04 on Thursday. Eversource Energy has a one year low of $52.03 and a one year high of $77.53. The company’s 50-day moving average is $59.25 and its 200 day moving average is $58.24. The company has a market capitalization of $21.41 billion, a price-to-earnings ratio of -51.73, a price-to-earnings-growth ratio of 3.21 and a beta of 0.57. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.67.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.69 billion. Eversource Energy had a negative net margin of 3.60% and a positive return on equity of 10.22%. The business’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 EPS. Sell-side analysts expect that Eversource Energy will post 4.49 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 16th will be paid a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Wednesday, May 15th. Eversource Energy’s dividend payout ratio (DPR) is presently -242.37%.

Analyst Upgrades and Downgrades

ES has been the subject of several recent research reports. Scotiabank decreased their price objective on Eversource Energy from $61.00 to $57.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Barclays reduced their price objective on shares of Eversource Energy from $66.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, January 22nd. Guggenheim upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $60.00 to $72.00 in a report on Monday, January 22nd. UBS Group upgraded Eversource Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $62.00 to $67.00 in a research note on Thursday, April 4th. Finally, StockNews.com raised Eversource Energy to a “sell” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $66.23.

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.