Blair William & Co. IL Sells 1,040 Shares of Eversource Energy (NYSE:ES)

Blair William & Co. IL decreased its stake in shares of Eversource Energy (NYSE:ES) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 31,853 shares of the utilities provider’s stock after selling 1,040 shares during the quarter. Blair William & Co. IL’s holdings in Eversource Energy were worth $1,806,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC raised its position in shares of Eversource Energy by 4.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 48,228 shares of the utilities provider’s stock worth $2,735,000 after acquiring an additional 2,224 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Eversource Energy in the second quarter worth about $4,594,000. Dimensional Fund Advisors LP raised its holdings in Eversource Energy by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,323,319 shares of the utilities provider’s stock worth $75,051,000 after purchasing an additional 121,663 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Eversource Energy by 397.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,981 shares of the utilities provider’s stock valued at $339,000 after purchasing an additional 4,779 shares during the period. Finally, Plato Investment Management Ltd boosted its stake in shares of Eversource Energy by 2.5% in the 2nd quarter. Plato Investment Management Ltd now owns 97,271 shares of the utilities provider’s stock valued at $5,516,000 after purchasing an additional 2,339 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Insider Activity at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of Eversource Energy stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the transaction, the executive vice president now owns 9,847 shares of the company’s stock, valued at approximately $639,464.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Penelope M. Conner sold 815 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total transaction of $53,382.50. Following the sale, the executive vice president now owns 9,032 shares of the company’s stock, valued at approximately $591,596. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Penelope M. Conner sold 500 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the completion of the transaction, the executive vice president now directly owns 9,847 shares of the company’s stock, valued at $639,464.18. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Eversource Energy Stock Up 0.2 %

Shares of ES opened at $66.53 on Tuesday. The stock has a market capitalization of $23.44 billion, a price-to-earnings ratio of -56.38, a PEG ratio of 2.59 and a beta of 0.61. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 0.75. The stock has a fifty day moving average of $65.78 and a 200-day moving average of $61.41. Eversource Energy has a 52 week low of $52.03 and a 52 week high of $69.01.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share for the quarter, hitting the consensus estimate of $0.95. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the company posted $1.00 earnings per share. Eversource Energy’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Monday, September 23rd. Eversource Energy’s dividend payout ratio is currently -242.37%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ES. Morgan Stanley increased their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Wells Fargo & Company lifted their price target on shares of Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Scotiabank increased their price objective on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets reduced their target price on shares of Eversource Energy from $73.00 to $70.00 and set a “market perform” rating for the company in a research note on Monday, August 19th. Finally, Bank of America lifted their price target on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $68.93.

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.