Eversource Energy (NYSE:ES) Shares Sold by Consilium Wealth Advisory LLC

Consilium Wealth Advisory LLC lessened its stake in shares of Eversource Energy (NYSE:ES) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,887 shares of the utilities provider’s stock after selling 385 shares during the quarter. Consilium Wealth Advisory LLC’s holdings in Eversource Energy were worth $281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ES. Kestra Investment Management LLC acquired a new position in shares of Eversource Energy during the fourth quarter worth about $29,000. Brooklyn Investment Group acquired a new position in shares of Eversource Energy during the third quarter worth about $31,000. Ashton Thomas Securities LLC acquired a new position in shares of Eversource Energy during the third quarter worth about $32,000. Venturi Wealth Management LLC lifted its stake in shares of Eversource Energy by 104.5% during the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 301 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Scotiabank cut their price target on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research note on Thursday, February 13th. Barclays cut their price target on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Guggenheim reiterated a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Wells Fargo & Company cut their price target on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Finally, StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $67.45.

Eversource Energy Trading Down 0.5 %

Shares of NYSE ES opened at $63.46 on Thursday. The stock’s 50 day moving average price is $58.54 and its two-hundred day moving average price is $62.49. Eversource Energy has a 52-week low of $54.75 and a 52-week high of $69.01. The stock has a market capitalization of $23.28 billion, a P/E ratio of 27.47, a PEG ratio of 2.35 and a beta of 0.62. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES) last posted its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, beating the consensus estimate 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, 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.7525 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. This represents a $3.01 annualized dividend and a dividend yield of 4.74%. Eversource Energy’s dividend payout ratio is 130.30%.

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.