Eversource Energy (NYSE:ES) Stock Holdings Raised by Simplicity Solutions LLC

Simplicity Solutions LLC lifted its stake in shares of Eversource Energy (NYSE:ES) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,651 shares of the utilities provider’s stock after purchasing an additional 443 shares during the period. Simplicity Solutions LLC’s holdings in Eversource Energy were worth $411,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ES. Quarry LP raised its holdings in shares of Eversource Energy by 275.0% during the first quarter. Quarry LP now owns 315 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 231 shares during the period. Resurgent Financial Advisors LLC acquired a new stake in Eversource Energy during the fourth quarter worth about $27,000. Exchange Traded Concepts LLC bought a new position in Eversource Energy in the fourth quarter worth about $26,000. ICA Group Wealth Management LLC acquired a new position in Eversource Energy in the fourth quarter valued at approximately $53,000. Finally, UMB Bank n.a. grew its holdings in shares of Eversource Energy by 130.9% during the third quarter. UMB Bank n.a. now owns 642 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 364 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on ES. BMO Capital Markets raised their price target on Eversource Energy from $63.00 to $64.00 and gave the stock a “market perform” rating in a report on Thursday, February 15th. UBS Group raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $62.00 to $67.00 in a report on Thursday, April 4th. Guggenheim raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $72.00 in a report on Monday, January 22nd. Argus cut their price objective on shares of Eversource Energy from $85.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Finally, Mizuho upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $54.00 to $62.00 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 issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $66.08.

Eversource Energy Stock Performance

ES opened at $59.69 on Friday. The stock’s fifty day moving average is $58.60 and its 200-day moving average is $57.81. Eversource Energy has a one year low of $52.03 and a one year high of $79.92. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.67 and a quick ratio of 0.59.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). Eversource Energy had a negative net margin of 3.71% and a positive return on equity of 9.92%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the previous year, the company posted $0.92 earnings per share. Eversource Energy’s revenue was down 11.1% compared to the same quarter last year. On average, equities research analysts forecast that Eversource Energy will post 4.52 EPS for the current year.

Eversource Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Tuesday, March 5th were given a $0.715 dividend. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Monday, March 4th. This represents a $2.86 annualized dividend and a yield of 4.79%. Eversource Energy’s payout ratio is -226.98%.

Insider Buying and Selling at Eversource Energy

In other news, insider Linda Dorcena Forry sold 822 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $58.12, for a total transaction of $47,774.64. Following the completion of the sale, the insider now directly owns 10,485 shares of the company’s stock, valued at approximately $609,388.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Eversource Energy news, insider Linda Dorcena Forry sold 822 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.12, for a total transaction of $47,774.64. Following the completion of the sale, the insider now directly owns 10,485 shares of the company’s stock, valued at $609,388.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Frederica M. Williams sold 2,714 shares of Eversource Energy stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $57.60, for a total transaction of $156,326.40. Following the completion of the transaction, the insider now directly owns 21,621 shares in the company, valued at $1,245,369.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate 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.