Eversource Energy (NYSE:ES) Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. lessened its holdings in shares of Eversource Energy (NYSE:ES) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,879 shares of the utilities provider’s stock after selling 308 shares during the quarter. Machina Capital S.A.S.’s holdings in Eversource Energy were worth $223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Edgestream Partners L.P. boosted its stake in Eversource Energy by 25.3% during the 4th quarter. Edgestream Partners L.P. now owns 113,443 shares of the utilities provider’s stock worth $6,515,000 after purchasing an additional 22,909 shares during the last quarter. Destination Wealth Management boosted its stake in Eversource Energy by 5.6% during the 4th quarter. Destination Wealth Management now owns 5,000 shares of the utilities provider’s stock worth $287,000 after purchasing an additional 263 shares during the last quarter. Candriam S.C.A. boosted its stake in Eversource Energy by 23.9% during the 4th quarter. Candriam S.C.A. now owns 81,140 shares of the utilities provider’s stock worth $4,660,000 after purchasing an additional 15,650 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Eversource Energy by 17.0% during the 4th quarter. Lindbrook Capital LLC now owns 2,346 shares of the utilities provider’s stock worth $135,000 after purchasing an additional 341 shares during the last quarter. Finally, Inceptionr LLC boosted its stake in Eversource Energy by 134.4% during the 4th quarter. Inceptionr LLC now owns 28,377 shares of the utilities provider’s stock worth $1,630,000 after purchasing an additional 16,271 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insiders Place Their Bets

In other news, insider Frederica M. Williams sold 3,092 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 directly owns 24,374 shares of the company’s stock, valued at approximately $1,535,318.26. This represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

ES has been the topic of several analyst reports. Wells Fargo & Company reduced their price target on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Barclays reduced their price target on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Jefferies Financial Group reduced their price target on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Finally, StockNews.com lowered Eversource Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 1st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.45.

Eversource Energy Stock Up 3.8 %

Shares of ES opened at $60.97 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. The firm has a market cap of $22.36 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 2.35 and a beta of 0.60. The company’s 50-day moving average price is $59.09 and its 200 day moving average price is $62.23. Eversource Energy has a 12-month low of $54.75 and a 12-month high of $69.01.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (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%. On average, sell-side analysts forecast that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 dividend on an annualized basis and a yield of 4.94%. Eversource Energy’s dividend 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.