Vaughan David Investments LLC IL Sells 12,517 Shares of Eversource Energy (NYSE:ES)

Vaughan David Investments LLC IL cut its stake in shares of Eversource Energy (NYSE:ES) by 15.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,772 shares of the utilities provider’s stock after selling 12,517 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Eversource Energy were worth $4,013,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ES. ClearBridge Investments Ltd bought a new position in shares of Eversource Energy during the first quarter valued at $156,093,000. Norges Bank bought a new position in shares of Eversource Energy in the fourth quarter valued at about $149,906,000. Zimmer Partners LP raised its holdings in shares of Eversource Energy by 730.4% in the first quarter. Zimmer Partners LP now owns 2,537,095 shares of the utilities provider’s stock valued at $151,642,000 after buying an additional 2,231,585 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Eversource Energy by 65.0% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,868,360 shares of the utilities provider’s stock valued at $227,929,000 after buying an additional 1,524,341 shares during the last quarter. Finally, M&G Plc bought a new position in shares of Eversource Energy in the first quarter valued at about $83,539,000. 79.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total value of $53,382.50. Following the sale, the executive vice president now owns 9,032 shares in the company, valued at approximately $591,596. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Penelope M. Conner sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $64.94, for a total transaction of $32,470.00. Following the sale, the executive vice president now owns 9,847 shares in the company, valued at approximately $639,464.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Penelope M. Conner sold 815 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total value of $53,382.50. Following the sale, the executive vice president now owns 9,032 shares in the company, valued at approximately $591,596. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ES. Barclays lifted their price target on Eversource Energy from $65.00 to $69.00 and gave the company an “equal weight” rating in a report on Monday, July 22nd. Wells Fargo & Company boosted their price objective on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Morgan Stanley boosted their price objective on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Bank of America boosted their price objective on Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, BMO Capital Markets dropped their price objective on Eversource Energy from $73.00 to $70.00 and set a “market perform” rating for the company in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $68.93.

Eversource Energy Price Performance

Shares of ES opened at $68.00 on Wednesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 0.75. The stock has a 50 day simple moving average of $64.10 and a 200 day simple moving average of $60.84. Eversource Energy has a 52-week low of $52.03 and a 52-week high of $69.01. The firm has a market capitalization of $24.30 billion, a PE ratio of -57.63, a P/E/G ratio of 2.58 and a beta of 0.61.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the firm earned $1.00 EPS. Eversource Energy’s quarterly revenue was down 3.7% compared to the same quarter last year. Sell-side analysts predict that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Company 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.