Hurlow Wealth Management Group Inc. Has $234,000 Holdings in Eversource Energy (NYSE:ES)

Hurlow Wealth Management Group Inc. trimmed its holdings in shares of Eversource Energy (NYSE:ES) by 6.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,919 shares of the utilities provider’s stock after selling 263 shares during the period. Hurlow Wealth Management Group Inc.’s holdings in Eversource Energy were worth $234,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Heritage Wealth Advisors bought a new stake in shares of Eversource Energy during the fourth quarter worth $25,000. Exchange Traded Concepts LLC bought a new position in shares of Eversource Energy in the 4th quarter valued at about $26,000. Rise Advisors LLC acquired a new stake in shares of Eversource Energy during the 1st quarter worth approximately $27,000. Bfsg LLC bought a new stake in shares of Eversource Energy during the fourth quarter worth approximately $31,000. Finally, Versant Capital Management Inc lifted its holdings in Eversource Energy by 62.6% in the first quarter. Versant Capital Management Inc now owns 522 shares of the utilities provider’s stock valued at $31,000 after buying an additional 201 shares during the period. Institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

ES has been the topic of several research analyst reports. Argus dropped their price objective on Eversource Energy from $85.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Wells Fargo & Company lifted their price objective on Eversource Energy from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. UBS Group raised Eversource Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $62.00 to $67.00 in a research note on Thursday, April 4th. Scotiabank cut their price target on shares of Eversource Energy from $61.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of Eversource Energy in a report on Wednesday, April 10th. They issued a “buy” rating and a $73.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $65.86.

Insider Activity

In other Eversource Energy news, EVP Penelope M. Conner sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $58.75, for a total transaction of $158,625.00. Following the transaction, the executive vice president now owns 10,272 shares in the company, valued at approximately $603,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Penelope M. Conner sold 2,700 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $58.75, for a total value of $158,625.00. Following the completion of the transaction, the executive vice president now directly owns 10,272 shares in the company, valued at approximately $603,480. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Gregory B. Butler sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $56.20, for a total transaction of $562,000.00. Following the sale, the vice president now directly owns 63,808 shares in the company, valued at approximately $3,586,009.60. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Eversource Energy Stock Up 0.4 %

NYSE ES traded up $0.22 during trading hours on Thursday, hitting $57.19. The company’s stock had a trading volume of 1,273,701 shares, compared to its average volume of 2,606,388. The company’s 50-day simple moving average is $59.45 and its two-hundred day simple moving average is $58.77. Eversource Energy has a 52 week low of $52.03 and a 52 week high of $74.81. The company has a market capitalization of $20.15 billion, a PE ratio of -48.52, a price-to-earnings-growth ratio of 2.33 and a beta of 0.60. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.71.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.69 billion. Eversource Energy had a positive return on equity of 10.32% and a negative net margin of 3.60%. Eversource Energy’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.41 earnings per share. Research analysts anticipate that Eversource Energy will post 4.53 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be issued a dividend of $0.715 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.86 dividend on an annualized basis and a yield of 5.00%. Eversource Energy’s dividend payout ratio is currently -242.37%.

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.