Eversource Energy (ES) EVP Sells $1,242,485.00 in Stock

Eversource Energy (NYSE:ES) EVP Christine M. Carmody sold 21,500 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $57.79, for a total value of $1,242,485.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Eversource Energy opened at $57.10 on Friday, according to Marketbeat Ratings. Eversource Energy has a one year low of $57.27 and a one year high of $57.85. The company has a market capitalization of $18.20 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 3.07 and a beta of 0.31. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.61 and a current ratio of 0.68.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, May 3rd. The utilities provider reported $0.85 EPS for the quarter, meeting analysts’ consensus estimates of $0.85. Eversource Energy had a return on equity of 9.04% and a net margin of 12.58%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. analysts anticipate that Eversource Energy will post 3.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Thursday, May 24th will be issued a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Wednesday, May 23rd. Eversource Energy’s dividend payout ratio is presently 64.95%.

Several research analysts have recently weighed in on the company. Bank of America lowered their target price on Eversource Energy from $64.00 to $59.00 and set an “underperform” rating on the stock in a report on Friday, February 2nd. UBS assumed coverage on Eversource Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $66.00 target price on the stock. Guggenheim restated a “buy” rating and set a $64.00 target price on shares of Eversource Energy in a report on Friday, February 2nd. Wells Fargo restated an “outperform” rating and set a $65.00 target price (down from $72.00) on shares of Eversource Energy in a report on Monday, February 26th. Finally, Credit Suisse Group boosted their target price on Eversource Energy from $59.00 to $61.00 and gave the stock an “underperform” rating in a report on Friday, May 4th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Eversource Energy has a consensus rating of “Hold” and an average target price of $63.35.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its position in Eversource Energy by 4.1% in the first quarter. BlackRock Inc. now owns 26,232,482 shares of the utilities provider’s stock valued at $1,545,618,000 after purchasing an additional 1,031,761 shares during the period. Wells Fargo & Company MN raised its position in Eversource Energy by 4.3% in the fourth quarter. Wells Fargo & Company MN now owns 6,823,570 shares of the utilities provider’s stock valued at $431,113,000 after purchasing an additional 283,943 shares during the period. Thomaspartners Inc. raised its position in Eversource Energy by 4.5% in the first quarter. Thomaspartners Inc. now owns 4,471,212 shares of the utilities provider’s stock valued at $263,444,000 after purchasing an additional 191,651 shares during the period. Geode Capital Management LLC raised its position in Eversource Energy by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 3,625,817 shares of the utilities provider’s stock valued at $228,627,000 after purchasing an additional 118,626 shares during the period. Finally, American Century Companies Inc. raised its position in Eversource Energy by 22.5% in the first quarter. American Century Companies Inc. now owns 3,160,329 shares of the utilities provider’s stock valued at $186,207,000 after purchasing an additional 579,827 shares during the period. 73.53% of the stock is currently owned by institutional investors.

Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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