Greenleaf Trust Has $587,000 Stock Position in Eversource Energy (NYSE:ES)

Greenleaf Trust increased its position in shares of Eversource Energy (NYSE:ES) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,509 shares of the utilities provider’s stock after buying an additional 1,007 shares during the quarter. Greenleaf Trust’s holdings in Eversource Energy were worth $587,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new stake in Eversource Energy during the 4th quarter worth approximately $26,000. UMB Bank n.a. increased its holdings in Eversource Energy by 130.9% during the 3rd quarter. UMB Bank n.a. now owns 642 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 364 shares in the last quarter. MV Capital Management Inc. increased its holdings in Eversource Energy by 40.4% during the 3rd quarter. MV Capital Management Inc. now owns 716 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 206 shares in the last quarter. CVA Family Office LLC bought a new stake in Eversource Energy during the 4th quarter worth approximately $43,000. Finally, Blue Trust Inc. increased its holdings in Eversource Energy by 172.7% during the 4th quarter. Blue Trust Inc. now owns 758 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 480 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Eversource Energy in a report on Wednesday, April 10th. They issued a “buy” rating and a $73.00 target price for the company. Citigroup upped their target price on Eversource Energy from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Mizuho raised Eversource Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $54.00 to $62.00 in a report on Thursday, February 15th. Barclays reduced their target price on Eversource Energy from $66.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, January 22nd. Finally, BMO Capital Markets upped their target price on Eversource Energy from $63.00 to $64.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $65.85.

Eversource Energy Trading Up 1.0 %

Eversource Energy stock opened at $60.30 on Tuesday. The business’s 50 day simple moving average is $58.69 and its 200 day simple moving average is $57.87. Eversource Energy has a 12 month low of $52.03 and a 12 month high of $79.92. The company has a current ratio of 0.67, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66.

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

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 5th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend was Monday, March 4th. This is an increase from Eversource Energy’s previous quarterly dividend of $0.68. Eversource Energy’s dividend payout ratio (DPR) is -226.98%.

Insider Buying and Selling

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

About Eversource Energy

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.