Rockland Trust Co. Has $464,000 Holdings in Eversource Energy (NYSE:ES)

Rockland Trust Co. trimmed its holdings in shares of Eversource Energy (NYSE:ES) by 45.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,468 shares of the utilities provider’s stock after selling 6,202 shares during the period. Rockland Trust Co.’s holdings in Eversource Energy were worth $464,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Eversource Energy by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider’s stock worth $2,561,936,000 after purchasing an additional 1,387,072 shares during the last quarter. Wellington Management Group LLP lifted its position in Eversource Energy by 38.6% during the 4th quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider’s stock worth $945,893,000 after buying an additional 4,585,232 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Eversource Energy by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider’s stock worth $570,500,000 after acquiring an additional 226,972 shares during the last quarter. Geode Capital Management LLC increased its position in Eversource Energy by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider’s stock valued at $547,550,000 after acquiring an additional 517,042 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Eversource Energy by 4.8% in the fourth quarter. FMR LLC now owns 7,352,593 shares of the utilities provider’s stock worth $422,259,000 after acquiring an additional 333,529 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Down 1.0%

ES opened at $65.13 on Friday. The firm has a 50 day simple moving average of $61.31 and a 200 day simple moving average of $60.16. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01. The company has a market cap of $23.93 billion, a price-to-earnings ratio of 28.19, a price-to-earnings-growth ratio of 2.35 and a beta of 0.63. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76.

Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, May 1st. The utilities provider reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. The company had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS. On average, sell-side analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 15th will be issued a $0.7525 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a yield of 4.62%. Eversource Energy’s dividend payout ratio is presently 129.74%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ES. BMO Capital Markets upped their target price on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a “market perform” rating in a research report on Monday, April 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $58.00 price objective (down previously from $69.00) on shares of Eversource Energy in a report on Thursday, April 10th. Finally, Wall Street Zen raised Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Three 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.78.

Insider Buying and Selling at Eversource Energy

In related news, EVP Penelope M. Conner sold 2,600 shares of Eversource Energy stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $64.00, for a total transaction of $166,400.00. Following the transaction, the executive vice president now owns 10,988 shares of the company’s stock, valued at $703,232. This trade represents a 19.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

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.