Cable Hill Partners LLC Purchases 1,969 Shares of Eversource Energy (NYSE:ES)

Cable Hill Partners LLC grew its position in Eversource Energy (NYSE:ES) by 46.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,188 shares of the utilities provider’s stock after acquiring an additional 1,969 shares during the quarter. Cable Hill Partners LLC’s holdings in Eversource Energy were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of Eversource Energy during the 3rd quarter valued at approximately $31,000. Ashton Thomas Securities LLC bought a new position in shares of Eversource Energy during the 3rd quarter valued at approximately $32,000. Kestra Investment Management LLC bought a new position in shares of Eversource Energy during the 4th quarter valued at approximately $29,000. Larson Financial Group LLC increased its position in shares of Eversource Energy by 162.0% during the 3rd quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 350 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Eversource Energy by 104.5% during the 4th quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 301 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Price Performance

ES opened at $63.46 on Thursday. Eversource Energy has a 12-month low of $54.75 and a 12-month high of $69.01. 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 business’s fifty day simple moving average is $58.54 and its 200-day simple moving average is $62.49. The company has a market capitalization of $23.28 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 2.35 and a beta of 0.62.

Eversource Energy (NYSE:ES) last posted 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 return on equity of 10.99% and a net margin of 6.82%. On average, equities research analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a yield of 4.74%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s dividend payout ratio (DPR) is presently 130.30%.

Insider Activity at Eversource Energy

In related news, VP Jay S. Buth sold 980 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following the sale, the vice president now owns 24,374 shares of the company’s stock, valued at $1,535,318.26. This trade represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Frederica M. Williams sold 3,092 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the sale, the insider now directly owns 22,671 shares in the company, valued at approximately $1,411,496.46. The trade was a 12.00 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on ES. Guggenheim restated a “buy” rating on shares of Eversource Energy in a report on Monday, February 10th. Scotiabank dropped their price objective on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a report on Thursday, February 13th. StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Barclays dropped their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group dropped their price objective on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $67.45.

Eversource Energy Company 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.