Waldron Private Wealth LLC Takes $247,000 Position in Eversource Energy (NYSE:ES)

Waldron Private Wealth LLC bought a new stake in Eversource Energy (NYSE:ES) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,018 shares of the utilities provider’s stock, valued at approximately $247,000.

Several other large investors have also recently added to or reduced their stakes in the business. Quarry LP grew its position in Eversource Energy by 275.0% during the first quarter. Quarry LP now owns 315 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 231 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Eversource Energy during the 4th quarter worth approximately $26,000. Resurgent Financial Advisors LLC purchased a new position in Eversource Energy in the fourth quarter valued at approximately $27,000. UMB Bank n.a. lifted its position in Eversource Energy by 130.9% during the third quarter. UMB Bank n.a. now owns 642 shares of the utilities provider’s stock valued at $37,000 after buying an additional 364 shares in the last quarter. Finally, MV Capital Management Inc. grew its stake in Eversource Energy by 40.4% during the third quarter. MV Capital Management Inc. now owns 716 shares of the utilities provider’s stock worth $42,000 after buying an additional 206 shares during the period. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Stock Down 1.8 %

ES opened at $57.20 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.67 and a debt-to-equity ratio of 1.66. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $79.92. The firm’s fifty day moving average price is $58.31 and its 200 day moving average price is $57.77.

Eversource Energy (NYSE:ES) last issued its earnings results on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). Eversource Energy had a negative net margin of 3.71% and a positive return on equity of 9.92%. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the company posted $0.92 EPS. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. On average, equities research analysts anticipate that Eversource Energy will post 4.52 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th were issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 5.00%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.68. The ex-dividend date was Monday, March 4th. Eversource Energy’s payout ratio is -226.98%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ES shares. StockNews.com upgraded shares of Eversource Energy to a “sell” rating in a report on Thursday, March 28th. Citigroup increased their target price on Eversource Energy from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Argus decreased their price target on Eversource Energy from $85.00 to $68.00 and set a “buy” rating for the company in a report on Monday, March 25th. Guggenheim upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $72.00 in a research note on Monday, January 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of Eversource Energy in a research report on Wednesday, April 10th. They set a “buy” rating and a $73.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $66.08.

Insider Activity at Eversource Energy

In other Eversource Energy news, insider Linda Dorcena Forry sold 822 shares of Eversource Energy stock in a transaction 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 completion of the transaction, the insider now owns 10,485 shares of the company’s stock, valued at $609,388.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Linda Dorcena Forry sold 822 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $58.12, for a total transaction of $47,774.64. Following the completion of the transaction, the insider now directly owns 10,485 shares of the company’s stock, valued at $609,388.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Faasen William C. Van sold 2,714 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $54.50, for a total value of $147,913.00. Following the sale, the insider now owns 19,619 shares in the company, valued at $1,069,235.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,250 shares of company stock valued at $352,014. Corporate insiders own 0.29% of the company’s stock.

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.