Eversource Energy $ES Shares Sold by Aviva PLC

Aviva PLC trimmed its position in Eversource Energy (NYSE:ES) by 37.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 520,001 shares of the utilities provider’s stock after selling 305,265 shares during the period. Aviva PLC owned 0.14% of Eversource Energy worth $33,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH acquired a new position in shares of Eversource Energy in the second quarter valued at about $28,000. Hilltop National Bank purchased a new stake in Eversource Energy in the second quarter valued at approximately $32,000. True Wealth Design LLC increased its holdings in Eversource Energy by 540.0% in the 2nd quarter. True Wealth Design LLC now owns 608 shares of the utilities provider’s stock worth $39,000 after buying an additional 513 shares during the period. Zions Bancorporation National Association UT purchased a new position in Eversource Energy during the 1st quarter worth approximately $46,000. Finally, Bogart Wealth LLC lifted its stake in Eversource Energy by 100.9% during the 2nd quarter. Bogart Wealth LLC now owns 928 shares of the utilities provider’s stock valued at $59,000 after acquiring an additional 466 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Price Performance

Shares of Eversource Energy stock opened at $73.07 on Monday. The firm has a market cap of $27.12 billion, a PE ratio of 20.02, a P/E/G ratio of 2.62 and a beta of 0.69. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $75.25. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 1.68. The business has a 50-day moving average price of $69.81 and a 200 day moving average price of $66.10.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.07. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Eversource Energy had a return on equity of 11.06% and a net margin of 10.22%.The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 earnings per share. Sell-side analysts predict that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given a dividend of $0.7525 per share. The ex-dividend date was Monday, September 22nd. This represents a $3.01 dividend on an annualized basis and a yield of 4.1%. Eversource Energy’s dividend payout ratio is currently 82.47%.

Insider Transactions at Eversource Energy

In related news, insider Loretta D. Keane bought 3,780 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were acquired at an average price of $66.07 per share, for a total transaction of $249,744.60. Following the completion of the transaction, the insider directly owned 12,033 shares in the company, valued at $795,020.31. This trade represents a 45.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ES shares. Scotiabank increased their price objective on shares of Eversource Energy from $55.00 to $64.00 and gave the stock a “sector underperform” rating in a research note on Wednesday. TD Cowen started coverage on Eversource Energy in a research note on Thursday, October 16th. They set a “hold” rating and a $76.00 price objective for the company. Janney Montgomery Scott reissued a “neutral” rating on shares of Eversource Energy in a report on Monday, October 13th. BMO Capital Markets dropped their target price on Eversource Energy from $79.00 to $77.00 and set a “market perform” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group lifted their price target on Eversource Energy from $54.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $72.70.

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.