NorthRock Partners LLC Decreases Stock Holdings in Eversource Energy (NYSE:ES)

NorthRock Partners LLC lowered its stake in Eversource Energy (NYSE:ES) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,500 shares of the utilities provider’s stock after selling 193 shares during the quarter. NorthRock Partners LLC’s holdings in Eversource Energy were worth $306,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Eversource Energy by 24.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,810 shares of the utilities provider’s stock valued at $4,232,000 after purchasing an additional 13,950 shares during the period. Canada Pension Plan Investment Board raised its position in Eversource Energy by 6.1% in the first quarter. Canada Pension Plan Investment Board now owns 646,334 shares of the utilities provider’s stock worth $38,631,000 after acquiring an additional 37,219 shares during the period. Sei Investments Co. boosted its stake in shares of Eversource Energy by 62.9% during the 1st quarter. Sei Investments Co. now owns 460,399 shares of the utilities provider’s stock worth $27,518,000 after acquiring an additional 177,692 shares during the last quarter. Bensler LLC purchased a new position in shares of Eversource Energy during the 2nd quarter worth $316,000. Finally, M&G Plc grew its position in shares of Eversource Energy by 16.8% during the 2nd quarter. M&G Plc now owns 1,626,685 shares of the utilities provider’s stock valued at $92,721,000 after acquiring an additional 234,361 shares during the period. Institutional investors own 79.99% of the company’s stock.

Insider Activity at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of Eversource Energy stock in a transaction on Tuesday, August 13th. The shares were 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 of the company’s stock, valued at $591,596. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Penelope M. Conner sold 500 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $64.94, for a total transaction of $32,470.00. Following the sale, the executive vice president now owns 9,847 shares in the company, valued at approximately $639,464.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Penelope M. Conner sold 815 shares of Eversource Energy stock in a transaction 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 transaction, the executive vice president now directly owns 9,032 shares of the company’s stock, valued at $591,596. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Eversource Energy Stock Down 2.2 %

Shares of ES stock opened at $60.70 on Thursday. The company’s fifty day simple moving average is $66.14 and its two-hundred day simple moving average is $62.82. Eversource Energy has a 52 week low of $52.09 and a 52 week high of $69.01. The stock has a market cap of $21.69 billion, a P/E ratio of -38.66, a PEG ratio of 2.47 and a beta of 0.61. 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 Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a positive return on equity of 11.00% and a negative net margin of 4.73%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 earnings per share. Analysts predict that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were given a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s dividend payout ratio is presently -182.17%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ES. Wells Fargo & Company lifted 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. Mizuho boosted their price objective on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. 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. Barclays lifted their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, Bank of America increased 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. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and a consensus price target of $70.07.

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.