Eversource Energy $ES Shares Sold by Ossiam

Ossiam lessened its position in shares of Eversource Energy (NYSE:ES) by 46.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,602 shares of the utilities provider’s stock after selling 9,864 shares during the quarter. Ossiam’s holdings in Eversource Energy were worth $738,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new position in shares of Eversource Energy during the second quarter worth approximately $26,000. Trust Co. of Toledo NA OH acquired a new stake in Eversource Energy during the 2nd quarter worth $28,000. Elevation Point Wealth Partners LLC acquired a new stake in Eversource Energy during the 2nd quarter worth $31,000. Hilltop National Bank purchased a new position in Eversource Energy during the 2nd quarter worth $32,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in Eversource Energy in the second quarter valued at $37,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insider Activity

In related news, EVP James W. Hunt III sold 4,129 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $72.77, for a total value of $300,467.33. Following the completion of the sale, the executive vice president owned 32,415 shares in the company, valued at $2,358,839.55. This trade represents a 11.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by corporate insiders.

Eversource Energy Stock Performance

Shares of ES stock opened at $67.60 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 1.68. The stock has a 50 day simple moving average of $70.90 and a 200-day simple moving average of $67.21. The company has a market cap of $25.36 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 2.41 and a beta of 0.76. Eversource Energy has a 12-month low of $52.28 and a 12-month high of $75.25.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.07. The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.28 billion. Eversource Energy had a return on equity of 11.06% and a net margin of 10.22%.Eversource Energy’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.13 earnings per share. On average, equities analysts forecast that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be paid a dividend of $0.7525 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.5%. Eversource Energy’s dividend payout ratio is 82.47%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ES. Jefferies Financial Group reissued an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. BMO Capital Markets decreased their price objective on Eversource Energy from $79.00 to $77.00 and set a “market perform” rating for the company in a research report on Thursday, November 6th. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Monday, November 24th. Bank of America upgraded Eversource Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $73.00 to $85.00 in a research note on Tuesday, October 21st. Finally, Scotiabank lowered their price objective on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research report on Thursday, November 20th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and an average price target of $70.55.

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.