Eversource Energy (NYSE:ES) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC decreased its position in shares of Eversource Energy (NYSE:ES) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 559,472 shares of the utilities provider’s stock after selling 304 shares during the quarter. Clearbridge Investments LLC owned 0.16% of Eversource Energy worth $44,892,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meridian Wealth Partners LLC acquired a new stake in shares of Eversource Energy during the 1st quarter worth approximately $25,000. BDO Wealth Advisors LLC acquired a new stake in shares of Eversource Energy during the 1st quarter worth approximately $26,000. CSat Investment Advisory L.P. grew its stake in shares of Eversource Energy by 53.0% during the 1st quarter. CSat Investment Advisory L.P. now owns 355 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 123 shares during the period. Tradewinds Capital Management LLC acquired a new stake in shares of Eversource Energy during the 2nd quarter worth approximately $38,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Eversource Energy by 246.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 614 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 437 shares during the period. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of ES stock opened at $86.24 on Thursday. The stock’s fifty day moving average is $87.58 and its two-hundred day moving average is $85.51. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.60 and a current ratio of 0.64. The firm has a market capitalization of $29.64 billion, a P/E ratio of 22.50, a PEG ratio of 3.48 and a beta of 0.35. Eversource Energy has a fifty-two week low of $76.64 and a fifty-two week high of $96.66.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Thursday, July 29th. The utilities provider reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.01). The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Eversource Energy had a net margin of 13.11% and a return on equity of 9.27%. On average, equities analysts forecast that Eversource Energy will post 3.83 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 30th. Stockholders of record on Thursday, September 16th were issued a dividend of $0.6025 per share. The ex-dividend date was Wednesday, September 15th. This represents a $2.41 annualized dividend and a dividend yield of 2.79%. Eversource Energy’s dividend payout ratio is presently 66.21%.

A number of equities research analysts have recently commented on ES shares. Mizuho dropped their price objective on shares of Eversource Energy from $85.00 to $82.00 and set an “underperform” rating on the stock in a research note on Thursday, September 16th. Credit Suisse Group began coverage on Eversource Energy in a research report on Wednesday, July 14th. They set an “underperform” rating and a $85.00 target price on the stock. Wells Fargo & Company decreased their target price on Eversource Energy from $102.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, October 4th. Finally, Morgan Stanley increased their target price on Eversource Energy from $81.00 to $85.00 and gave the company an “underweight” rating in a research report on Thursday, August 19th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $88.57.

In other news, insider Linda Dorcena Forry sold 625 shares of Eversource Energy stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $87.79, for a total transaction of $54,868.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.34% of the stock is owned by insiders.

Eversource Energy Company Profile

Eversource Energy engages in the generation, transmission, and distribution of natural gas and electricity. It operates through the following segments: Electric Distribution, Electric Transmission, Water Distribution and Natural Gas Distribution. The Electric Distribution segment distributes electricity to retail customers.

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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