Eversource Energy (NYSE:ES) Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC decreased its position in Eversource Energy (NYSE:ES) by 3.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,919 shares of the utilities provider’s stock after selling 392 shares during the quarter. Huber Capital Management LLC’s holdings in Eversource Energy were worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ES. Summit Trail Advisors LLC boosted its position in shares of Eversource Energy by 19.6% in the second quarter. Summit Trail Advisors LLC now owns 4,206 shares of the utilities provider’s stock worth $239,000 after acquiring an additional 690 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Eversource Energy by 4.8% during the 2nd quarter. Pacer Advisors Inc. now owns 24,800 shares of the utilities provider’s stock valued at $1,406,000 after buying an additional 1,142 shares during the period. AE Wealth Management LLC grew its stake in shares of Eversource Energy by 78.7% during the 2nd quarter. AE Wealth Management LLC now owns 21,554 shares of the utilities provider’s stock valued at $1,222,000 after buying an additional 9,490 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of Eversource Energy by 586.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,404 shares of the utilities provider’s stock worth $533,000 after buying an additional 8,035 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in Eversource Energy by 3.6% in the second quarter. Intech Investment Management LLC now owns 37,972 shares of the utilities provider’s stock valued at $2,153,000 after acquiring an additional 1,319 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Eversource Energy

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

Eversource Energy Stock Performance

Shares of NYSE ES opened at $67.14 on Friday. The stock has a market capitalization of $23.65 billion, a P/E ratio of -56.90, a P/E/G ratio of 2.59 and a beta of 0.61. The firm’s 50-day moving average price is $65.64 and its two-hundred day moving average price is $61.32. Eversource Energy has a 52-week low of $52.03 and a 52-week high of $69.01. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.74.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.95. The business had revenue of $2.53 billion for 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 revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.00 EPS. As a group, sell-side analysts forecast that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 23rd will be given a $0.715 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.86 annualized dividend and a yield of 4.26%. Eversource Energy’s dividend payout ratio is presently -242.37%.

Analyst Ratings Changes

ES has been the subject of a number of research reports. Bank of America boosted their target price on Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. BMO Capital Markets dropped their price objective on shares of Eversource Energy from $73.00 to $70.00 and set a “market perform” rating for the company in a research report on Monday, August 19th. Barclays lifted their target price on shares of Eversource Energy from $65.00 to $69.00 and gave the company an “equal weight” rating in a report on Monday, July 22nd. Morgan Stanley increased their price target on Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company increased their target price on Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Eversource Energy has an average 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.