Boston Trust Walden Corp Trims Stake in Eversource Energy $ES

Boston Trust Walden Corp reduced its stake in Eversource Energy (NYSE:ES) by 26.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 704,842 shares of the utilities provider’s stock after selling 252,290 shares during the quarter. Boston Trust Walden Corp owned approximately 0.19% of Eversource Energy worth $50,142,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ES. Neo Ivy Capital Management bought a new position in shares of Eversource Energy in the second quarter worth about $26,000. Trust Co. of Toledo NA OH bought a new stake in Eversource Energy during the 2nd quarter worth approximately $28,000. Elevation Point Wealth Partners LLC purchased a new position in Eversource Energy during the second quarter valued at approximately $31,000. Hilltop National Bank purchased a new position in Eversource Energy during the second quarter valued at approximately $32,000. Finally, Anchor Investment Management LLC boosted its position in shares of Eversource Energy by 122.0% in the second quarter. Anchor Investment Management LLC now owns 546 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 300 shares during the period. Institutional investors own 79.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group decreased their price objective on shares of Eversource Energy from $78.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Monday, November 24th. TD Cowen initiated coverage on Eversource Energy in a research note on Thursday, October 16th. They issued a “hold” rating and a $76.00 price objective for the company. Wells Fargo & Company downgraded Eversource Energy from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $79.00 to $63.00 in a research note on Wednesday, November 19th. Finally, JPMorgan Chase & Co. dropped their price target on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating for the company in a research note on Friday, December 12th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average target price of $71.27.

Eversource Energy Price Performance

NYSE:ES opened at $67.21 on Tuesday. The business’s 50-day moving average is $69.64 and its 200 day moving average is $67.45. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $75.25. The company has a market capitalization of $25.22 billion, a P/E ratio of 18.41, a P/E/G ratio of 2.39 and a beta of 0.76. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 1.68.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.07. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.28 billion. Eversource Energy had a return on equity of 11.06% and a net margin of 10.22%.The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS. On average, equities research analysts forecast that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be paid a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, December 17th. Eversource Energy’s dividend payout ratio (DPR) is presently 82.47%.

Insider Buying and Selling at Eversource Energy

In other news, EVP James W. Hunt III sold 4,129 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $72.77, for a total transaction of $300,467.33. Following the sale, the executive vice president directly owned 32,415 shares in the company, valued at approximately $2,358,839.55. This represents a 11.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by company insiders.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.