Eversource Energy (NYSE:ES) Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC reduced its holdings in Eversource Energy (NYSE:ES) by 33.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,629 shares of the utilities provider’s stock after selling 3,790 shares during the quarter. Huber Capital Management LLC’s holdings in Eversource Energy were worth $438,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ES. Kestra Investment Management LLC bought a new position in shares of Eversource Energy in the fourth quarter worth $29,000. Assetmark Inc. grew its position in Eversource Energy by 99.2% in the 4th quarter. Assetmark Inc. now owns 510 shares of the utilities provider’s stock valued at $29,000 after buying an additional 254 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Eversource Energy by 104.5% during 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 during the period. OFI Invest Asset Management bought a new stake in shares of Eversource Energy during the 4th quarter worth about $35,000. Finally, UMB Bank n.a. lifted its stake in shares of Eversource Energy by 38.4% in the 4th quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 197 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Wall Street Analysts Forecast Growth

ES has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 28th. Scotiabank lowered their price target on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company cut their price objective on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Guggenheim reaffirmed a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Finally, StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 29th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Eversource Energy currently has an average rating of “Hold” and a consensus target price of $67.40.

Eversource Energy Stock Performance

Shares of ES opened at $62.68 on Thursday. The company has a 50-day moving average of $60.58 and a two-hundred day moving average of $61.46. The stock has a market cap of $23.01 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.35 and a beta of 0.58. 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 has a one year low of $54.75 and a one year high of $69.01.

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

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 4.80%. The ex-dividend date was Tuesday, March 4th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is 130.30%.

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.