West Family Investments Inc. Buys 1,748 Shares of Eversource Energy (NYSE:ES)

West Family Investments Inc. lifted its holdings in shares of Eversource Energy (NYSE:ES) by 47.3% during the fourth quarter, HoldingsChannel reports. The firm owned 5,443 shares of the utilities provider’s stock after purchasing an additional 1,748 shares during the quarter. West Family Investments Inc.’s holdings in Eversource Energy were worth $336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new stake in Eversource Energy during the fourth quarter valued at $26,000. Bfsg LLC purchased a new position in shares of Eversource Energy in the fourth quarter worth about $31,000. Hexagon Capital Partners LLC raised its holdings in Eversource Energy by 84.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 596 shares of the utilities provider’s stock valued at $37,000 after buying an additional 272 shares during the last quarter. MV Capital Management Inc. boosted its holdings in shares of Eversource Energy by 40.4% during the third quarter. MV Capital Management Inc. now owns 716 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 206 shares during the period. Finally, CVA Family Office LLC bought a new stake in shares of Eversource Energy in the 4th quarter worth approximately $43,000. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Trading Down 1.5 %

Shares of NYSE:ES traded down $0.90 during trading on Thursday, reaching $60.72. 1,228,707 shares of the company were exchanged, compared to its average volume of 2,869,413. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.67 and a quick ratio of 0.59. The firm has a market capitalization of $21.30 billion, a PE ratio of -48.89, a P/E/G ratio of 3.23 and a beta of 0.57. The business’s fifty day simple moving average is $59.09 and its 200-day simple moving average is $58.05. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $77.97.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.69 billion. Eversource Energy had a negative net margin of 3.71% and a positive return on equity of 9.92%. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 earnings per share. On average, research analysts anticipate that Eversource Energy will post 4.51 EPS for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.71%. Eversource Energy’s dividend payout ratio (DPR) is currently -226.98%.

Insider Buying and Selling

In other Eversource Energy news, insider Linda Dorcena Forry sold 822 shares of the firm’s 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 completion of the sale, the insider now directly owns 10,485 shares in the company, valued at $609,388.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Frederica M. Williams sold 2,714 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was 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 owns 21,621 shares in the company, valued at approximately $1,245,369.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Linda Dorcena Forry sold 822 shares of the business’s stock in a transaction dated 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 owns 10,485 shares in the company, valued at approximately $609,388.20. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on ES. UBS Group upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $62.00 to $67.00 in a report on Thursday, April 4th. Guggenheim raised Eversource Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $72.00 in a research report on Monday, January 22nd. 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 on the stock. Scotiabank lowered their price objective on shares of Eversource Energy from $61.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Finally, BMO Capital Markets lifted their target price on shares of Eversource Energy from $63.00 to $64.00 and gave the stock a “market perform” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $65.85.

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.