Eversource Energy (NYSE:ES) is Slagle Financial LLC’s 10th Largest Position

Slagle Financial LLC grew its stake in Eversource Energy (NYSE:ES) by 20.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 87,901 shares of the utilities provider’s stock after acquiring an additional 14,882 shares during the period. Eversource Energy comprises 2.3% of Slagle Financial LLC’s investment portfolio, making the stock its 10th biggest holding. Slagle Financial LLC’s holdings in Eversource Energy were worth $5,048,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its position in shares of Eversource Energy by 6.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 241,666 shares of the utilities provider’s stock worth $13,879,000 after buying an additional 14,290 shares during the period. Easterly Investment Partners LLC lifted its stake in Eversource Energy by 22.0% during the 4th quarter. Easterly Investment Partners LLC now owns 251,801 shares of the utilities provider’s stock worth $14,461,000 after acquiring an additional 45,418 shares in the last quarter. Norges Bank purchased a new position in Eversource Energy during the 4th quarter valued at about $188,838,000. Loomis Sayles & Co. L P acquired a new position in Eversource Energy in the 4th quarter valued at about $57,000. Finally, NEOS Investment Management LLC increased its stake in Eversource Energy by 31.4% during the 4th quarter. NEOS Investment Management LLC now owns 20,841 shares of the utilities provider’s stock worth $1,197,000 after buying an additional 4,977 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Price Performance

Eversource Energy stock opened at $60.31 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. The business has a 50 day simple moving average of $60.21 and a 200-day simple moving average of $61.67. Eversource Energy has a 12 month low of $54.75 and a 12 month high of $69.01. The stock has a market capitalization of $22.14 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.35 and a beta of 0.60.

Eversource Energy (NYSE:ES) last issued its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating 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%. Equities analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.99%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s dividend payout ratio (DPR) is presently 130.30%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Jefferies Financial Group decreased their price target on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research report on Tuesday, January 28th. Scotiabank cut their price objective on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. Finally, StockNews.com lowered Eversource Energy from a “hold” rating to a “sell” rating in a report on Friday, March 21st. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $67.40.

Insider Buying and Selling

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

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.