2,405 Shares in Eversource Energy (NYSE:ES) Purchased by Richardson Financial Services Inc.

Richardson Financial Services Inc. purchased a new position in shares of Eversource Energy (NYSE:ESFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,405 shares of the utilities provider’s stock, valued at approximately $148,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Czech National Bank boosted its stake in Eversource Energy by 0.3% in the fourth quarter. Czech National Bank now owns 61,182 shares of the utilities provider’s stock valued at $3,776,000 after acquiring an additional 168 shares during the last quarter. Presima Securities ULC boosted its stake in Eversource Energy by 1.5% in the fourth quarter. Presima Securities ULC now owns 13,730 shares of the utilities provider’s stock valued at $847,000 after acquiring an additional 200 shares during the last quarter. West Branch Capital LLC boosted its stake in Eversource Energy by 14.4% in the fourth quarter. West Branch Capital LLC now owns 1,747 shares of the utilities provider’s stock valued at $108,000 after acquiring an additional 220 shares during the last quarter. Private Trust Co. NA boosted its stake in Eversource Energy by 13.5% in the fourth quarter. Private Trust Co. NA now owns 2,107 shares of the utilities provider’s stock valued at $130,000 after acquiring an additional 251 shares during the last quarter. Finally, Oakworth Capital Inc. boosted its stake in Eversource Energy by 44.7% in the fourth quarter. Oakworth Capital Inc. now owns 835 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 258 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Eversource Energy

In other news, VP Gregory B. Butler sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total value of $562,000.00. Following the completion of the sale, the vice president now owns 63,808 shares of the company’s stock, valued at approximately $3,586,009.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Penelope M. Conner sold 2,700 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $58.75, for a total value of $158,625.00. Following the completion of the sale, the executive vice president now owns 10,272 shares of the company’s stock, valued at approximately $603,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gregory B. Butler sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total transaction of $562,000.00. Following the completion of the sale, the vice president now directly 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. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ES. The Goldman Sachs Group began coverage on shares of Eversource Energy in a research report on Wednesday, April 10th. They issued a “buy” rating and a $73.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. 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. StockNews.com raised shares of Eversource Energy to a “sell” rating in a research report on Thursday, March 28th. Finally, Bank of America boosted their price target on shares of Eversource Energy from $50.00 to $61.00 and gave the company an “underperform” rating in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $66.07.

Read Our Latest Research Report on Eversource Energy

Eversource Energy Price Performance

Eversource Energy stock traded up $0.30 during midday trading on Friday, reaching $59.01. 1,677,378 shares of the stock were exchanged, compared to its average volume of 1,787,545. The company’s fifty day moving average is $59.64 and its 200-day moving average is $58.91. The firm has a market cap of $20.79 billion, a PE ratio of -50.01, a PEG ratio of 2.41 and a beta of 0.60. Eversource Energy has a 52 week low of $52.03 and a 52 week high of $74.81. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.68 and a current ratio of 0.77.

Eversource Energy (NYSE:ESGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.69 billion. Eversource Energy had a negative net margin of 3.60% and a positive return on equity of 10.32%. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 EPS. On average, sell-side analysts forecast that Eversource Energy will post 4.53 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders 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 4.85%. The ex-dividend date is Wednesday, May 15th. Eversource Energy’s payout ratio is -242.37%.

About Eversource Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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