Flputnam Investment Management Co. Has $230,000 Stake in Eversource Energy (NYSE:ES)

Flputnam Investment Management Co. lessened its stake in shares of Eversource Energy (NYSE:ES) by 19.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,008 shares of the utilities provider’s stock after selling 990 shares during the period. Flputnam Investment Management Co.’s holdings in Eversource Energy were worth $230,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the transaction, the insider now directly owns 22,671 shares in the company, valued at $1,411,496.46. The trade was a 12.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jay S. Buth sold 980 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.99, for a total transaction of $61,730.20. Following the transaction, the vice president now directly owns 24,374 shares of the company’s stock, valued at $1,535,318.26. This represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Eversource Energy Price Performance

ES opened at $63.01 on Tuesday. Eversource Energy has a fifty-two week low of $54.75 and a fifty-two week high of $69.01. The firm has a market capitalization of $23.11 billion, a P/E ratio of 27.28, a PEG ratio of 2.35 and a beta of 0.62. The company’s 50-day moving average is $58.91 and its 200 day moving average is $62.41. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76.

Eversource Energy (NYSE:ES) last posted its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. Research analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be given a $0.7525 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 annualized dividend and a yield of 4.78%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is currently 130.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ES shares. Scotiabank reduced their price objective on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company reduced their price target on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. StockNews.com lowered shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Jefferies Financial Group decreased their target price on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $67.45.

About Eversource Energy

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.