Eversource Energy (ES) EVP Joseph R. Nolan, Jr. Sells 6,282 Shares

Eversource Energy (NYSE:ES) EVP Joseph R. Nolan, Jr. sold 6,282 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $57.03, for a total transaction of $358,262.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Eversource Energy traded up $0.15, hitting $57.47, during trading on Monday, Marketbeat.com reports. 1,741,900 shares of the stock were exchanged, compared to its average volume of 2,313,115. The stock has a market cap of $18.16 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 3.07 and a beta of 0.31. Eversource Energy has a 12-month low of $55.93 and a 12-month high of $66.15. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.07.

Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, May 3rd. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Eversource Energy had a net margin of 12.58% and a return on equity of 9.04%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. sell-side analysts forecast that Eversource Energy will post 3.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, May 24th will be given a dividend of $0.505 per share. The ex-dividend date is Wednesday, May 23rd. This represents a $2.02 annualized dividend and a dividend yield of 3.51%. Eversource Energy’s dividend payout ratio (DPR) is currently 64.95%.

Several equities analysts have commented on the stock. Credit Suisse Group raised their price target on shares of Eversource Energy from $59.00 to $61.00 and gave the company an “underperform” rating in a research report on Friday, May 4th. Citigroup raised shares of Eversource Energy from a “sell” rating to a “neutral” rating and set a $59.00 price target for the company in a research report on Tuesday, May 1st. Morgan Stanley raised their price target on shares of Eversource Energy from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Monday, April 16th. UBS raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Monday, April 2nd. Finally, Zacks Investment Research cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, March 28th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $63.35.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Eversource Energy by 4.1% during the 1st quarter. BlackRock Inc. now owns 26,232,482 shares of the utilities provider’s stock worth $1,545,618,000 after purchasing an additional 1,031,761 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Eversource Energy by 4.3% during the 4th quarter. Wells Fargo & Company MN now owns 6,823,570 shares of the utilities provider’s stock worth $431,113,000 after purchasing an additional 283,943 shares during the last quarter. Thomaspartners Inc. lifted its position in shares of Eversource Energy by 4.5% during the 1st quarter. Thomaspartners Inc. now owns 4,471,212 shares of the utilities provider’s stock worth $263,444,000 after purchasing an additional 191,651 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Eversource Energy by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 3,625,817 shares of the utilities provider’s stock worth $228,627,000 after purchasing an additional 118,626 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Eversource Energy by 22.5% during the 1st quarter. American Century Companies Inc. now owns 3,160,329 shares of the utilities provider’s stock worth $186,207,000 after purchasing an additional 579,827 shares during the last quarter. 74.32% of the stock is owned by institutional investors and hedge funds.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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