Eversource Energy (NYSE:ES) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in Eversource Energy (NYSE:ES) by 40.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 725 shares of the utilities provider’s stock after selling 492 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Eversource Energy were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in Eversource Energy by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,296,972 shares of the utilities provider’s stock valued at $404,856,000 after acquiring an additional 134,492 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Eversource Energy by 2.5% in the third quarter. Legal & General Group Plc now owns 6,628,663 shares of the utilities provider’s stock valued at $385,457,000 after buying an additional 163,053 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Eversource Energy by 8.2% in the fourth quarter. Nordea Investment Management AB now owns 6,299,800 shares of the utilities provider’s stock valued at $388,509,000 after buying an additional 475,341 shares during the last quarter. Morgan Stanley raised its holdings in shares of Eversource Energy by 19.3% in the third quarter. Morgan Stanley now owns 4,464,230 shares of the utilities provider’s stock valued at $259,595,000 after buying an additional 723,318 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Eversource Energy by 2.7% in the third quarter. Northern Trust Corp now owns 4,237,474 shares of the utilities provider’s stock valued at $246,409,000 after buying an additional 111,294 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insider Activity

In other news, insider Linda Dorcena Forry sold 822 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $58.12, for a total value of $47,774.64. Following the sale, the insider now directly owns 10,485 shares in the company, valued at $609,388.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Frederica M. Williams sold 2,714 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $57.60, for a total transaction of $156,326.40. Following the sale, the insider now owns 21,621 shares in the company, valued at $1,245,369.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Linda Dorcena Forry sold 822 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $58.12, for a total transaction of $47,774.64. Following the sale, the insider now owns 10,485 shares in the company, valued at approximately $609,388.20. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ES shares. StockNews.com raised shares of Eversource Energy to a “sell” rating in a report on Thursday, March 28th. BMO Capital Markets upped their target price on shares of Eversource Energy from $63.00 to $64.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. Citigroup upped their target price on shares of Eversource Energy from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. The Goldman Sachs Group began coverage on shares of Eversource Energy in a report on Wednesday, April 10th. They set a “buy” rating and a $73.00 price target for the company. Finally, UBS Group raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $62.00 to $67.00 in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $65.85.

Eversource Energy Price Performance

Shares of Eversource Energy stock opened at $60.34 on Wednesday. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $79.92. The company has a quick ratio of 0.59, a current ratio of 0.67 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average of $58.81 and a two-hundred day moving average of $57.90.

Eversource Energy (NYSE:ES) last issued its earnings results on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). Eversource Energy had a negative net margin of 3.71% and a positive return on equity of 9.92%. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period last year, the business posted $0.92 earnings per share. The company’s quarterly revenue was down 11.1% on a year-over-year basis. Analysts expect that Eversource Energy will post 4.52 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th were given a $0.715 dividend. The ex-dividend date was Monday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.68. This represents a $2.86 annualized dividend and a dividend yield of 4.74%. Eversource Energy’s dividend payout ratio is currently -226.98%.

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.