Eversource Energy (NYSE:ES) Shares Sold by Janiczek Wealth Management LLC

Janiczek Wealth Management LLC decreased its stake in Eversource Energy (NYSE:ES) by 37.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 722 shares of the utilities provider’s stock after selling 426 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Eversource Energy were worth $43,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ES. Norges Bank acquired a new stake in Eversource Energy during the 4th quarter worth $149,906,000. Morgan Stanley boosted its position in Eversource Energy by 19.3% during the third quarter. Morgan Stanley now owns 4,464,230 shares of the utilities provider’s stock worth $259,595,000 after acquiring an additional 723,318 shares during the last quarter. American Century Companies Inc. grew its stake in Eversource Energy by 23.7% during the 3rd quarter. American Century Companies Inc. now owns 3,663,024 shares of the utilities provider’s stock valued at $213,005,000 after acquiring an additional 702,360 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Eversource Energy by 1,551.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 708,437 shares of the utilities provider’s stock valued at $41,196,000 after acquiring an additional 665,540 shares during the last quarter. Finally, Clean Energy Transition LLP purchased a new position in Eversource Energy in the 4th quarter worth approximately $40,181,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Penelope M. Conner sold 2,700 shares of Eversource Energy stock in a transaction on Friday, May 31st. The stock was sold at an average price of $58.75, for a total value of $158,625.00. Following the completion of the transaction, the executive vice president now directly owns 10,272 shares in the company, valued at $603,480. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Penelope M. Conner sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $58.75, for a total transaction of $158,625.00. Following the sale, the executive vice president now directly owns 10,272 shares in the company, valued at $603,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gregory B. Butler sold 10,000 shares of Eversource Energy stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $56.20, for a total transaction of $562,000.00. Following the completion of the transaction, the vice president now owns 63,808 shares of the company’s stock, valued at approximately $3,586,009.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Eversource Energy Stock Up 0.2 %

NYSE ES traded up $0.10 on Thursday, reaching $57.07. The stock had a trading volume of 544,790 shares, compared to its average volume of 2,600,460. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.71. The stock has a fifty day moving average price of $59.48 and a two-hundred day moving average price of $58.78. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $74.81.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.04. Eversource Energy had a positive return on equity of 10.32% and a negative net margin of 3.60%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the business earned $1.41 EPS. The company’s quarterly revenue was down 12.2% compared to the same quarter last year. On average, equities research analysts predict that Eversource Energy will post 4.53 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend is Wednesday, May 15th. Eversource Energy’s dividend payout ratio (DPR) is currently -242.37%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Morgan Stanley cut their price target on Eversource Energy from $70.00 to $67.00 and set an “equal weight” rating for the company in a report on Monday. StockNews.com raised Eversource Energy to a “sell” rating in a research note on Thursday, March 28th. UBS Group raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $62.00 to $67.00 in a research report on Thursday, April 4th. The Goldman Sachs Group started coverage on shares of Eversource Energy in a research report on Wednesday, April 10th. They set a “buy” rating and a $73.00 price objective for the company. Finally, Bank of America upgraded shares of Eversource Energy from an “underperform” rating to a “neutral” rating and set a $61.00 target price on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $65.86.

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.