Eversource Energy (NYSE:ES) Shares Sold by SC&H Financial Advisors Inc.

SC&H Financial Advisors Inc. reduced its position in Eversource Energy (NYSE:ES) by 18.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,511 shares of the utilities provider’s stock after selling 1,005 shares during the quarter. SC&H Financial Advisors Inc.’s holdings in Eversource Energy were worth $280,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ES. Wellington Management Group LLP boosted its holdings in shares of Eversource Energy by 38.6% in the fourth quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider’s stock valued at $945,893,000 after acquiring an additional 4,585,232 shares during the period. Norges Bank purchased a new stake in shares of Eversource Energy during the fourth quarter worth approximately $188,838,000. Amundi raised its stake in shares of Eversource Energy by 32.2% during the fourth quarter. Amundi now owns 6,482,546 shares of the utilities provider’s stock worth $367,691,000 after purchasing an additional 1,579,818 shares during the last quarter. Vanguard Group Inc. raised its stake 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. Finally, Vest Financial LLC purchased a new stake in shares of Eversource Energy during the first quarter worth approximately $60,273,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Price Performance

Shares of NYSE ES opened at $62.47 on Monday. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $69.01. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $22.95 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 2.33 and a beta of 0.63. The business has a 50 day simple moving average of $62.03 and a 200-day simple moving average of $60.11.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. Eversource Energy had a return on equity of 11.04% and a net margin of 6.63%. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the firm posted $1.49 EPS. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. As a group, equities research analysts expect 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 given a dividend of $0.7525 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.01 dividend on an annualized basis and a yield of 4.82%. Eversource Energy’s dividend payout ratio is currently 129.74%.

Insider Activity at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 2,600 shares of the business’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $64.00, for a total transaction of $166,400.00. Following the completion of the transaction, the executive vice president now owns 10,988 shares in the company, valued at approximately $703,232. The trade was a 19.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

ES has been the subject of several analyst reports. Wall Street Zen upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. BMO Capital Markets upped their price target on Eversource Energy from $71.00 to $72.00 and gave the stock a “market perform” rating in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $58.00 price target (down previously from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. Three investment 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. Based on data from MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and a consensus price target of $65.78.

Eversource Energy 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.