Hills Bank & Trust Co Sells 227 Shares of Eversource Energy (NYSE:ES)

Hills Bank & Trust Co decreased its stake in shares of Eversource Energy (NYSE:ES) by 2.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,490 shares of the utilities provider’s stock after selling 227 shares during the quarter. Hills Bank & Trust Co’s holdings in Eversource Energy were worth $510,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ES. Mirae Asset Global Investments Co. Ltd. raised its stake in Eversource Energy by 24.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,810 shares of the utilities provider’s stock worth $4,232,000 after purchasing an additional 13,950 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Eversource Energy by 6.1% in the first quarter. Canada Pension Plan Investment Board now owns 646,334 shares of the utilities provider’s stock valued at $38,631,000 after buying an additional 37,219 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Eversource Energy by 62.9% in the first quarter. Sei Investments Co. now owns 460,399 shares of the utilities provider’s stock valued at $27,518,000 after buying an additional 177,692 shares during the period. Bensler LLC acquired a new stake in Eversource Energy during the second quarter worth approximately $316,000. Finally, M&G Plc grew its position in Eversource Energy by 16.8% during the second quarter. M&G Plc now owns 1,626,685 shares of the utilities provider’s stock worth $92,721,000 after buying an additional 234,361 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ES. BMO Capital Markets cut their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Morgan Stanley upped their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Bank of America boosted their target price on shares of Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Scotiabank increased their price target on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company boosted their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $70.07.

Insider Activity

In related news, EVP Penelope M. Conner sold 815 shares of Eversource Energy stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the completion of the transaction, the executive vice president now owns 9,032 shares of the company’s stock, valued at $591,596. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $64.94, for a total value of $32,470.00. Following the completion of the sale, the executive vice president now directly owns 9,847 shares in the company, valued at approximately $639,464.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Penelope M. Conner sold 815 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total value of $53,382.50. Following the completion of the sale, the executive vice president now owns 9,032 shares of the company’s stock, valued at approximately $591,596. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Eversource Energy Stock Down 3.3 %

Shares of NYSE:ES opened at $63.67 on Friday. The firm has a market cap of $22.75 billion, a P/E ratio of -235.81, a P/E/G ratio of 2.55 and a beta of 0.61. Eversource Energy has a 12-month low of $52.09 and a 12-month high of $69.01. The business has a fifty day simple moving average of $66.42 and a 200 day simple moving average of $62.72. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.74.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the company earned $1.00 earnings per share. The firm’s revenue was down 3.7% compared to the same quarter last year. Analysts predict that Eversource Energy will post 4.57 earnings per share for the current year.

Eversource Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a $0.715 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.49%. Eversource Energy’s dividend payout ratio (DPR) is currently -1,059.26%.

Eversource Energy Company 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.