Eversource Energy (NYSE:ES) Insider Sells $157,538.44 in Stock

Eversource Energy (NYSE:ESGet Rating) insider Faasen William C. Van sold 1,943 shares of the business’s stock in a transaction dated Thursday, January 19th. The shares were sold at an average price of $81.08, for a total value of $157,538.44. Following the transaction, the insider now owns 18,841 shares in the company, valued at $1,527,628.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Eversource Energy Stock Down 0.1 %

NYSE:ES opened at $79.74 on Monday. The stock’s fifty day moving average price is $83.13 and its two-hundred day moving average price is $83.78. Eversource Energy has a 52-week low of $70.54 and a 52-week high of $94.63. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.66 and a current ratio of 0.71. The company has a market cap of $27.77 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 2.80 and a beta of 0.46.

Eversource Energy (NYSE:ESGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.02). The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $2.72 billion. Eversource Energy had a return on equity of 9.45% and a net margin of 11.85%. On average, analysts anticipate that Eversource Energy will post 4.1 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 16th were paid a $0.6375 dividend. This represents a $2.55 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Thursday, December 15th. Eversource Energy’s dividend payout ratio (DPR) is currently 63.59%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Piershale Financial Group Inc. acquired a new position in shares of Eversource Energy in the 4th quarter valued at $26,000. Ronald Blue Trust Inc. increased its position in shares of Eversource Energy by 571.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 329 shares of the utilities provider’s stock valued at $28,000 after buying an additional 280 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of Eversource Energy by 293.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 366 shares of the utilities provider’s stock valued at $29,000 after buying an additional 273 shares in the last quarter. Atticus Wealth Management LLC increased its position in shares of Eversource Energy by 88.1% in the 2nd quarter. Atticus Wealth Management LLC now owns 427 shares of the utilities provider’s stock valued at $36,000 after buying an additional 200 shares in the last quarter. Finally, ACG Wealth bought a new stake in shares of Eversource Energy in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 77.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ES. Guggenheim lowered their price objective on Eversource Energy from $97.00 to $82.00 in a research note on Monday, October 24th. Wells Fargo & Company upped their price objective on Eversource Energy to $99.00 in a research note on Wednesday, December 14th. StockNews.com started coverage on Eversource Energy in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Evercore ISI boosted their target price on Eversource Energy to $86.00 in a report on Friday, December 2nd. Finally, UBS Group boosted their target price on Eversource Energy from $77.00 to $83.00 and gave the stock a “neutral” rating in a report on Thursday, December 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $88.80.

About Eversource Energy

(Get Rating)

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.

Featured Stories

Insider Buying and Selling by Quarter for Eversource Energy (NYSE:ES)

Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.