Nwam LLC Lowers Stake in Eversource Energy (NYSE:ES)

Nwam LLC cut its holdings in Eversource Energy (NYSE:ES) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,162 shares of the utilities provider’s stock after selling 422 shares during the quarter. Nwam LLC’s holdings in Eversource Energy were worth $239,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ES. Cable Hill Partners LLC raised its stake in Eversource Energy by 46.7% during the 4th quarter. Cable Hill Partners LLC now owns 6,188 shares of the utilities provider’s stock valued at $355,000 after acquiring an additional 1,969 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Eversource Energy by 2.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 31,465 shares of the utilities provider’s stock valued at $1,807,000 after purchasing an additional 840 shares during the period. Advisor OS LLC raised its stake in shares of Eversource Energy by 8.1% during the fourth quarter. Advisor OS LLC now owns 5,462 shares of the utilities provider’s stock worth $314,000 after purchasing an additional 407 shares during the last quarter. Crestwood Advisors Group LLC raised its stake in shares of Eversource Energy by 108.8% during the fourth quarter. Crestwood Advisors Group LLC now owns 6,974 shares of the utilities provider’s stock worth $400,000 after purchasing an additional 3,634 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Eversource Energy by 130.4% during the fourth quarter. IFP Advisors Inc now owns 4,037 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 2,285 shares during the period. 79.99% of the stock is owned by hedge funds and other institutional investors.

Eversource Energy Stock Up 1.0 %

Eversource Energy stock opened at $63.01 on Friday. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01. The firm has a market capitalization of $23.11 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 2.35 and a beta of 0.62. The stock’s fifty day moving average is $58.80 and its two-hundred day moving average is $62.45. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. Analysts predict that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.78%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. Eversource Energy’s dividend payout ratio (DPR) is 130.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ES shares. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Wells Fargo & Company cut their price target on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Barclays lowered their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Scotiabank cut their target price on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a research note on Thursday, February 13th. Finally, StockNews.com cut Eversource Energy from a “hold” rating to a “sell” rating in a report on Saturday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $67.45.

Insider Buying and Selling

In other news, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.99, for a total transaction of $61,730.20. Following the completion of the sale, the vice president now directly owns 24,374 shares in the company, valued at $1,535,318.26. The trade was a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Frederica M. Williams sold 3,092 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total transaction of $192,507.92. Following the completion of the transaction, the insider now directly owns 22,671 shares of the company’s stock, valued at approximately $1,411,496.46. This represents a 12.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Eversource Energy 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.