Sei Investments Co. Has $24.14 Million Stock Holdings in Eversource Energy (NYSE:ES)

Sei Investments Co. lowered its stake in Eversource Energy (NYSE:ES) by 7.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 425,712 shares of the utilities provider’s stock after selling 34,687 shares during the period. Sei Investments Co. owned approximately 0.12% of Eversource Energy worth $24,142,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ES. Salem Investment Counselors Inc. grew its position in shares of Eversource Energy by 49.7% in the first quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 181 shares during the last quarter. Addison Advisors LLC grew its holdings in Eversource Energy by 27.4% in the 2nd quarter. Addison Advisors LLC now owns 860 shares of the utilities provider’s stock valued at $49,000 after buying an additional 185 shares in the last quarter. Bar Harbor Wealth Management increased its position in Eversource Energy by 4.1% during the 2nd quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider’s stock worth $271,000 after buying an additional 190 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of Eversource Energy by 2.5% during the first quarter. Avantax Advisory Services Inc. now owns 7,944 shares of the utilities provider’s stock worth $475,000 after buying an additional 192 shares in the last quarter. Finally, Presima Securities ULC boosted its position in shares of Eversource Energy by 1.5% in the fourth quarter. Presima Securities ULC now owns 13,730 shares of the utilities provider’s stock valued at $847,000 after acquiring an additional 200 shares during the period. 79.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Eversource Energy

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

Analysts Set New Price Targets

Several analysts have weighed in on ES shares. Bank of America lifted their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. StockNews.com cut Eversource Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. Scotiabank raised their price objective on Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company upped their target price on Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley boosted their price target on Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $68.93.

Eversource Energy Stock Down 0.0 %

Shares of ES opened at $66.52 on Wednesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 0.75. Eversource Energy has a 52 week low of $52.03 and a 52 week high of $69.01. The stock has a market capitalization of $23.43 billion, a price-to-earnings ratio of -56.37, a PEG ratio of 2.59 and a beta of 0.61. The stock has a fifty day moving average of $65.92 and a 200-day moving average of $61.45.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, meeting the consensus estimate of $0.95. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.90 billion. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the company earned $1.00 earnings per share. 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 announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders 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 yield of 4.30%. The ex-dividend date of this dividend is Monday, September 23rd. Eversource Energy’s payout ratio is -242.37%.

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.