Bradley Foster & Sargent Inc. CT Has $1.63 Million Stake in Eversource Energy (NYSE:ES)

Bradley Foster & Sargent Inc. CT lifted its stake in Eversource Energy (NYSE:ES) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,425 shares of the utilities provider’s stock after purchasing an additional 1,038 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Eversource Energy were worth $1,632,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new stake in shares of Eversource Energy in the 4th quarter valued at $29,000. Brooklyn Investment Group acquired a new position in shares of Eversource Energy during the third quarter valued at $31,000. Ashton Thomas Securities LLC bought a new position in Eversource Energy in the third quarter valued at about $32,000. Venturi Wealth Management LLC increased its position in Eversource Energy by 104.5% in the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 301 shares during the period. Finally, Larson Financial Group LLC raised its holdings in Eversource Energy by 162.0% during the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Insider Buying and Selling

In related news, insider Frederica M. Williams sold 3,092 shares of the stock in a transaction dated Wednesday, February 19th. The stock was 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 in the company, valued at approximately $1,411,496.46. This trade represents a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Eversource Energy Stock Up 0.0 %

NYSE:ES opened at $63.41 on Friday. Eversource Energy has a 1 year low of $54.75 and a 1 year high of $69.01. The stock has a 50-day moving average price of $58.19 and a two-hundred day moving average price of $62.54. The stock has a market cap of $23.26 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 2.33 and a beta of 0.62. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. As a group, equities analysts expect 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. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 annualized dividend and a dividend yield of 4.75%. Eversource Energy’s dividend payout ratio is currently 123.81%.

Analyst Upgrades and Downgrades

ES has been the topic of several recent research reports. Jefferies Financial Group reduced their target price on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company reduced their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday. Barclays cut their price target on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Guggenheim reaffirmed a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $67.45.

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.