Oakbrook Investments LLC cut its holdings in shares of Eversource Energy (NYSE:ES) by 2.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,988 shares of the utilities provider’s stock after selling 300 shares during the quarter. Oakbrook Investments LLC’s holdings in Eversource Energy were worth $1,063,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bremer Trust National Association acquired a new stake in shares of Eversource Energy during the 4th quarter worth approximately $26,000. Covington Capital Management acquired a new stake in shares of Eversource Energy during the 4th quarter worth approximately $26,000. Certified Advisory Corp grew its stake in shares of Eversource Energy by 114.8% during the 4th quarter. Certified Advisory Corp now owns 421 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 225 shares during the period. Capital Financial Planning LLC acquired a new stake in shares of Eversource Energy during the 4th quarter worth approximately $27,000. Finally, Destination Wealth Management acquired a new stake in shares of Eversource Energy during the 4th quarter worth approximately $29,000. 73.99% of the stock is owned by institutional investors.

In related news, insider Sanford Cloud, Jr. sold 1,042 shares of Eversource Energy stock in a transaction on Monday, March 4th. The shares were sold at an average price of $68.87, for a total value of $71,762.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Gregory B. Butler sold 11,500 shares of Eversource Energy stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $68.63, for a total transaction of $789,245.00. The disclosure for this sale can be found here. Insiders sold a total of 111,201 shares of company stock worth $7,727,360 in the last three months. 0.37% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on ES. Morgan Stanley raised their price objective on shares of Eversource Energy from $69.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 12th. Goldman Sachs Group raised shares of Eversource Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 30th. Guggenheim cut shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Scotiabank reaffirmed a “sell” rating and set a $63.00 price objective on shares of Eversource Energy in a research note on Thursday, February 21st. Finally, Zacks Investment Research cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Eversource Energy has a consensus rating of “Hold” and a consensus price target of $69.60.

Eversource Energy stock opened at $69.96 on Friday. Eversource Energy has a 1 year low of $52.76 and a 1 year high of $72.26. The firm has a market capitalization of $22.20 billion, a P/E ratio of 21.33, a P/E/G ratio of 3.64 and a beta of 0.31. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.50 and a current ratio of 0.56.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Eversource Energy had a net margin of 12.23% and a return on equity of 9.18%. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the business posted $0.75 EPS. Eversource Energy’s revenue was up 7.4% compared to the same quarter last year. As a group, analysts forecast that Eversource Energy will post 3.45 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 5th were paid a $0.535 dividend. The ex-dividend date was Monday, March 4th. This represents a $2.14 dividend on an annualized basis and a yield of 3.06%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.51. Eversource Energy’s dividend payout ratio (DPR) is currently 65.24%.

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Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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