Eversource Energy (NYSE:ES) Shares Sold by Empower Advisory Group LLC

Empower Advisory Group LLC reduced its position in shares of Eversource Energy (NYSE:ES) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,102,760 shares of the utilities provider’s stock after selling 73,472 shares during the period. Empower Advisory Group LLC owned about 0.30% of Eversource Energy worth $63,331,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Eversource Energy during the third quarter worth $31,000. Ashton Thomas Securities LLC acquired a new stake in Eversource Energy during the third quarter worth about $32,000. Larson Financial Group LLC raised its stake in Eversource Energy by 162.0% during the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 350 shares during the period. UMB Bank n.a. lifted its holdings in Eversource Energy by 38.4% in the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 197 shares during the last quarter. Finally, Asset Dedication LLC acquired a new position in Eversource Energy in the fourth quarter valued at approximately $41,000. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Stock Performance

ES opened at $61.57 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The firm has a market cap of $22.56 billion, a PE ratio of -39.22, a P/E/G ratio of 2.25 and a beta of 0.62. The business has a fifty day simple moving average of $57.95 and a 200-day simple moving average of $62.62. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. As a group, equities analysts predict that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be issued 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 4.89%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is currently -182.17%.

Analysts Set New Price Targets

ES has been the topic of a number of research reports. Barclays dropped their price target on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. StockNews.com cut Eversource Energy from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Wells Fargo & Company reduced 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. Jefferies Financial Group dropped their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. Finally, Scotiabank reduced their target price on shares of 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. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.45.

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.