BI Asset Management Fondsmaeglerselskab A S Sells 9,110 Shares of Eversource Energy (NYSE:ES)

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Eversource Energy (NYSE:ES) by 44.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,351 shares of the utilities provider’s stock after selling 9,110 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Eversource Energy were worth $652,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Mizuho Bank Ltd. purchased a new position in shares of Eversource Energy during the 4th quarter worth about $26,000. Kestra Investment Management LLC bought a new position in Eversource Energy in the 4th quarter valued at $29,000. Assetmark Inc. lifted its position in shares of Eversource Energy by 99.2% during the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 254 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Eversource Energy by 104.5% during the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 301 shares during the period. Finally, OFI Invest Asset Management bought a new position in shares of Eversource Energy in the fourth quarter worth about $35,000. Institutional investors own 79.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ES shares. Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $58.00 price target (down previously from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Monday, April 14th. Barclays reduced their price target on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company cut their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and an average target price of $65.78.

Insider Transactions at Eversource Energy

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the transaction, the insider now owns 22,671 shares of the company’s stock, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jay S. Buth sold 980 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following the sale, the vice president now directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. The trade was a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Eversource Energy Stock Performance

Shares of ES stock opened at $57.97 on Thursday. 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 business has a fifty day moving average of $59.99 and a 200 day moving average of $60.38. The firm has a market capitalization of $21.28 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $69.01.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data 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, research analysts expect that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.7525 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.19%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s dividend payout ratio (DPR) is presently 130.30%.

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.