Wealthspire Advisors LLC Sells 436 Shares of Eversource Energy (NYSE:ES)

Wealthspire Advisors LLC lessened its position in shares of Eversource Energy (NYSE:ES) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,950 shares of the utilities provider’s stock after selling 436 shares during the period. Wealthspire Advisors LLC’s holdings in Eversource Energy were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its stake in shares of Eversource Energy by 2.8% in the third quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock valued at $418,000 after buying an additional 166 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Eversource Energy by 10.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the utilities provider’s stock valued at $107,000 after buying an additional 176 shares during the period. UMB Bank n.a. boosted its stake in shares of Eversource Energy by 38.4% in the fourth quarter. UMB Bank n.a. now owns 710 shares of the utilities provider’s stock valued at $41,000 after buying an additional 197 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Eversource Energy by 1.0% in the third quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock valued at $1,368,000 after buying an additional 200 shares during the period. Finally, Summit Trail Advisors LLC boosted its stake in shares of Eversource Energy by 4.6% in the fourth quarter. Summit Trail Advisors LLC now owns 4,893 shares of the utilities provider’s stock valued at $281,000 after buying an additional 216 shares during the period. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Price Performance

ES stock opened at $62.53 on Friday. The stock has a market capitalization of $22.94 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 2.35 and a beta of 0.62. The company’s 50-day moving average is $58.67 and its 200-day moving average is $62.49. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.76 and a quick ratio of 0.76. Eversource Energy has a 1 year low of $54.75 and a 1 year high of $69.01.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. Equities research analysts expect that Eversource Energy will post 4.75 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be given a $0.7525 dividend. This is a boost from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, March 4th. This represents a $3.01 annualized dividend and a yield of 4.81%. Eversource Energy’s dividend payout ratio (DPR) is presently 130.30%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Jefferies Financial Group cut their price target on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company cut their price target on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Scotiabank cut their target price on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating for the company in a research note on Thursday, February 13th. Barclays cut their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Eversource Energy currently has an average rating of “Hold” and an average target price of $67.45.

Insider Activity at Eversource Energy

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

Eversource Energy 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.