Baker Ellis Asset Management LLC Has $710,000 Stake in Eversource Energy (NYSE:ES)

Baker Ellis Asset Management LLC trimmed its position in shares of Eversource Energy (NYSE:ESFree Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,510 shares of the utilities provider’s stock after selling 287 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Eversource Energy were worth $710,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Eversource Energy in the 1st quarter valued at $1,257,000. Dimensional Fund Advisors LP raised its position in Eversource Energy by 16.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,130,660 shares of the utilities provider’s stock valued at $99,716,000 after buying an additional 158,844 shares during the last quarter. Vontobel Holding Ltd. raised its position in Eversource Energy by 8.5% in the 1st quarter. Vontobel Holding Ltd. now owns 7,816 shares of the utilities provider’s stock valued at $693,000 after buying an additional 613 shares during the last quarter. Sei Investments Co. raised its position in Eversource Energy by 1.5% in the 1st quarter. Sei Investments Co. now owns 153,081 shares of the utilities provider’s stock valued at $13,510,000 after buying an additional 2,219 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in Eversource Energy by 76.9% in the 1st quarter. Allianz Asset Management GmbH now owns 133,385 shares of the utilities provider’s stock valued at $11,763,000 after buying an additional 57,995 shares during the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BMO Capital Markets increased their price objective on Eversource Energy from $63.00 to $64.00 and gave the stock a “market perform” rating in a report on Thursday, February 15th. Citigroup raised their price target on Eversource Energy from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Barclays cut their price objective on Eversource Energy from $66.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Monday, January 22nd. Wells Fargo & Company lifted their price target on Eversource Energy from $67.00 to $69.00 and gave the company an “overweight” rating in a research report on Tuesday, January 9th. Finally, StockNews.com upgraded Eversource Energy to a “sell” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $65.08.

Read Our Latest Research Report on Eversource Energy

Insider Activity at Eversource Energy

In related news, insider Faasen William C. Van sold 2,714 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $54.50, for a total transaction of $147,913.00. Following the completion of the transaction, the insider now directly owns 19,619 shares of the company’s stock, valued at $1,069,235.50. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Faasen William C. Van sold 2,714 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $54.50, for a total value of $147,913.00. Following the completion of the sale, the insider now directly owns 19,619 shares of the company’s stock, valued at approximately $1,069,235.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Linda Dorcena Forry sold 822 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $58.12, for a total value of $47,774.64. Following the completion of the sale, the insider now directly owns 10,485 shares of the company’s stock, valued at $609,388.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,250 shares of company stock valued at $352,014. Insiders own 0.29% of the company’s stock.

Eversource Energy Stock Performance

Shares of ES opened at $58.64 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.67 and a debt-to-equity ratio of 1.66. The business has a 50-day simple moving average of $57.34 and a two-hundred day simple moving average of $57.99. The stock has a market cap of $20.57 billion, a price-to-earnings ratio of -47.05, a PEG ratio of 3.11 and a beta of 0.58. Eversource Energy has a 52 week low of $52.03 and a 52 week high of $81.36.

Eversource Energy (NYSE:ESGet Free Report) last released its earnings results on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.02). Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. On average, analysts expect that Eversource Energy will post 4.55 EPS for the current year.

Eversource Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 5th were paid a dividend of $0.715 per share. The ex-dividend date was Monday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.68. This represents a $2.86 dividend on an annualized basis and a yield of 4.88%. Eversource Energy’s dividend payout ratio is presently -226.98%.

Eversource Energy Profile

(Free Report)

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.

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

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