Eversource Energy (NYSE:ES) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its holdings in Eversource Energy (NYSE:ES) by 45.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,608 shares of the utilities provider’s stock after selling 117,626 shares during the quarter. Vontobel Holding Ltd.’s holdings in Eversource Energy were worth $8,617,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its stake in shares of Eversource Energy by 101,201.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 12,617,104 shares of the utilities provider’s stock worth $1,057,818,000 after buying an additional 12,604,649 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Eversource Energy by 1.7% during the 2nd quarter. Wells Fargo & Company MN now owns 7,863,718 shares of the utilities provider’s stock worth $557,695,000 after buying an additional 128,215 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Eversource Energy by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 7,548,700 shares of the utilities provider’s stock worth $589,477,000 after buying an additional 124,871 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Eversource Energy by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,296,972 shares of the utilities provider’s stock worth $404,856,000 after buying an additional 134,492 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Eversource Energy by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 6,628,663 shares of the utilities provider’s stock worth $385,457,000 after buying an additional 163,053 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Transactions at Eversource Energy

In other Eversource Energy news, insider Faasen William C. Van sold 2,714 shares of the company’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 value of $147,913.00. Following the completion of the transaction, the insider now owns 19,619 shares in the company, valued at approximately $1,069,235.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Eversource Energy news, insider Linda Dorcena Forry sold 822 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $58.12, for a total value of $47,774.64. Following the completion of the transaction, the insider now owns 10,485 shares in the company, valued at approximately $609,388.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Faasen William C. Van sold 2,714 shares of the company’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 value of $147,913.00. Following the completion of the transaction, 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. In the last quarter, insiders sold 6,250 shares of company stock worth $352,014. 0.29% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ES. Mizuho raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $54.00 to $62.00 in a research note on Thursday, February 15th. Citigroup boosted their target price on shares of Eversource Energy from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Barclays cut 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 note on Monday, January 22nd. StockNews.com raised shares of Eversource Energy to a “sell” rating in a research note on Thursday, March 28th. Finally, Wells Fargo & Company boosted their target price on shares of Eversource Energy from $67.00 to $69.00 and gave the company an “overweight” rating in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $66.08.

Eversource Energy Stock Performance

ES opened at $57.20 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.67. Eversource Energy has a 12 month low of $52.03 and a 12 month high of $79.92. The business has a 50-day moving average of $58.31 and a two-hundred day moving average of $57.77.

Eversource Energy (NYSE:ES) last issued its earnings results on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. Sell-side analysts anticipate that Eversource Energy will post 4.52 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.715 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 5.00%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.68. Eversource Energy’s payout ratio is presently -226.98%.

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.