Commonwealth Equity Services LLC Sells 20,326 Shares of Eversource Energy $ES

Commonwealth Equity Services LLC trimmed its stake in shares of Eversource Energy (NYSE:ES) by 7.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262,645 shares of the utilities provider’s stock after selling 20,326 shares during the quarter. Commonwealth Equity Services LLC owned about 0.07% of Eversource Energy worth $18,685,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Eversource Energy by 7.9% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 419,251 shares of the utilities provider’s stock valued at $26,673,000 after purchasing an additional 30,641 shares during the last quarter. Hilltop National Bank acquired a new position in Eversource Energy in the 2nd quarter valued at $32,000. Advisors Asset Management Inc. lifted its position in shares of Eversource Energy by 31.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 39,391 shares of the utilities provider’s stock valued at $2,506,000 after acquiring an additional 9,350 shares during the period. Vanguard Group Inc. grew its holdings in shares of Eversource Energy by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 45,652,661 shares of the utilities provider’s stock worth $2,904,422,000 after purchasing an additional 691,165 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Eversource Energy during the 2nd quarter worth $477,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ES shares. Wells Fargo & Company cut shares of Eversource Energy from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $79.00 to $63.00 in a research report on Wednesday, November 19th. TD Cowen initiated coverage on shares of Eversource Energy in a report on Thursday, October 16th. They set a “hold” rating and a $76.00 price target for the company. Jefferies Financial Group reissued an “underperform” rating on shares of Eversource Energy in a research note on Monday, November 24th. BMO Capital Markets cut their target price on Eversource Energy from $79.00 to $77.00 and set a “market perform” rating for the company in a research note on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Eversource Energy in a research note on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $71.27.

Insiders Place Their Bets

In other Eversource Energy news, EVP James W. Hunt III sold 4,129 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $72.77, for a total value of $300,467.33. Following the completion of the transaction, 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 legal filing with the SEC, which can be accessed through this link. 0.41% of the stock is owned by insiders.

Eversource Energy Trading Up 0.2%

NYSE ES opened at $67.78 on Friday. The company has a market cap of $25.43 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 2.29 and a beta of 0.76. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $75.25. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 1.68. The business’s fifty day moving average is $68.44 and its 200 day moving average is $67.64.

Eversource Energy (NYSE:ES) last posted its earnings results on Tuesday, November 4th. The utilities provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.12 by $0.07. Eversource Energy had a return on equity of 11.06% and a net margin of 10.22%.The firm had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the company earned $1.13 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were given a dividend of $0.7525 per share. The ex-dividend date was Wednesday, December 17th. This represents a $3.01 annualized dividend and a yield of 4.4%. Eversource Energy’s dividend payout ratio (DPR) is currently 82.47%.

Eversource Energy 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.