Eversource Energy (NYSE:ES) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its holdings in Eversource Energy (NYSE:ES) by 5.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,202 shares of the utilities provider’s stock after buying an additional 993 shares during the period. Sequoia Financial Advisors LLC’s holdings in Eversource Energy were worth $1,045,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Kestra Investment Management LLC bought a new stake in Eversource Energy in the 4th quarter valued at about $29,000. Assetmark Inc. lifted 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 purchasing an additional 254 shares during the last quarter. Brooklyn Investment Group bought a new stake in Eversource Energy in the 3rd quarter valued at about $31,000. Venturi Wealth Management LLC lifted 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 purchasing an additional 301 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in Eversource Energy in the 4th quarter valued at about $35,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Eversource Energy

In other news, VP Jay S. Buth sold 980 shares of Eversource Energy stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.99, for a total value 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 trade represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Frederica M. Williams sold 3,092 shares of Eversource Energy stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $62.26, for a total transaction of $192,507.92. Following the completion of the transaction, the insider now directly owns 22,671 shares in the company, valued at approximately $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 currently owned by insiders.

Wall Street Analysts Forecast Growth

ES has been the topic of a number of recent analyst reports. Scotiabank dropped their price target on shares of 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 dropped their price target on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Thursday. Guggenheim restated a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. Finally, Barclays dropped their price target on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Eversource Energy currently has a consensus rating of “Hold” and a consensus target price of $67.45.

Eversource Energy Stock Up 2.3 %

NYSE ES opened at $61.50 on Monday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. The company’s 50 day simple moving average is $59.42 and its 200 day simple moving average is $62.01. Eversource Energy has a 12 month low of $54.75 and a 12 month high of $69.01. The company has a market capitalization of $22.57 billion, a P/E ratio of 26.62, a PEG ratio of 2.35 and a beta of 0.60.

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

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be given a $0.7525 dividend. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Tuesday, March 4th. Eversource Energy’s dividend payout ratio (DPR) is 130.30%.

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.