Crestwood Advisors Group LLC Invests $208,000 in Eversource Energy (NYSE:ES)

Crestwood Advisors Group LLC bought a new position in shares of Eversource Energy (NYSE:ES) during the 4th quarter, HoldingsChannel.com reports. The fund bought 3,373 shares of the utilities provider’s stock, valued at approximately $208,000.

Several other large investors also recently bought and sold shares of ES. Simplicity Solutions LLC raised its position in Eversource Energy by 7.1% during the fourth quarter. Simplicity Solutions LLC now owns 6,651 shares of the utilities provider’s stock worth $411,000 after acquiring an additional 443 shares during the period. Graypoint LLC acquired a new position in Eversource Energy during the fourth quarter worth $210,000. Perigon Wealth Management LLC acquired a new position in Eversource Energy during the fourth quarter worth $256,000. Sutton Place Investors LLC acquired a new position in Eversource Energy during the fourth quarter worth $895,000. Finally, Janiczek Wealth Management LLC raised its position in Eversource Energy by 348.4% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,148 shares of the utilities provider’s stock worth $71,000 after acquiring an additional 892 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Analyst Ratings Changes

ES has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of Eversource Energy from $67.00 to $69.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 9th. UBS Group upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $67.00 in a research report on Thursday, April 4th. Mizuho upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $54.00 to $62.00 in a research report on Thursday, February 15th. Argus reduced their target price on shares of Eversource Energy from $85.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Finally, Barclays reduced their target price on shares of Eversource Energy from $66.00 to $61.00 and set an “equal weight” rating for the company in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $66.08.

Eversource Energy Trading Down 0.9 %

Shares of ES stock opened at $58.24 on Tuesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.67 and a quick ratio of 0.59. The firm has a market cap of $20.43 billion, a PE ratio of -46.22, a price-to-earnings-growth ratio of 3.12 and a beta of 0.58. The company has a 50-day moving average of $58.24 and a two-hundred day moving average of $57.77. Eversource Energy has a 1-year low of $52.03 and a 1-year high of $79.92.

Eversource Energy (NYSE:ES) last issued its quarterly 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). The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $3 billion. Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. On average, analysts predict that Eversource Energy will post 4.52 EPS for the current year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 5th were issued a $0.715 dividend. This is a boost from Eversource Energy’s previous quarterly dividend of $0.68. The ex-dividend date was Monday, March 4th. This represents a $2.86 annualized dividend and a yield of 4.91%. Eversource Energy’s dividend payout ratio (DPR) is -226.98%.

Insider Activity at Eversource Energy

In related 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 shares were sold at an average price of $54.50, for a total value of $147,913.00. Following the sale, the insider now 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 can be accessed through this hyperlink. In other Eversource Energy news, 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 transaction of $47,774.64. Following the sale, the insider now owns 10,485 shares of the company’s stock, valued at $609,388.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Faasen William C. Van sold 2,714 shares of the business’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 transaction of $147,913.00. Following the sale, the insider now owns 19,619 shares of the company’s stock, valued at approximately $1,069,235.50. The disclosure for this sale can be found here. Insiders have sold a total of 6,250 shares of company stock valued at $352,014 over the last 90 days. 0.29% of the stock is owned by corporate insiders.

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.