West Paces Advisors Inc. Has $180,000 Stake in Eversource Energy (NYSE:ES)

West Paces Advisors Inc. trimmed its position in shares of Eversource Energy (NYSE:ES) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,920 shares of the utilities provider’s stock after selling 356 shares during the period. West Paces Advisors Inc.’s holdings in Eversource Energy were worth $180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its holdings in Eversource Energy by 101,201.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 12,617,104 shares of the utilities provider’s stock worth $1,057,818,000 after buying an additional 12,604,649 shares during the last quarter. Wells Fargo & Company MN boosted its position in Eversource Energy by 1.7% during the second quarter. Wells Fargo & Company MN now owns 7,863,718 shares of the utilities provider’s stock worth $557,695,000 after purchasing an additional 128,215 shares during the period. Geode Capital Management LLC boosted its position in Eversource Energy by 1.7% during the first quarter. Geode Capital Management LLC now owns 7,548,700 shares of the utilities provider’s stock worth $589,477,000 after purchasing an additional 124,871 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Eversource Energy by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,296,972 shares of the utilities provider’s stock worth $404,856,000 after purchasing an additional 134,492 shares during the period. Finally, Legal & General Group Plc boosted its position in Eversource Energy by 2.5% during the third quarter. Legal & General Group Plc now owns 6,628,663 shares of the utilities provider’s stock worth $385,457,000 after purchasing an additional 163,053 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Eversource Energy news, insider Faasen William C. Van sold 2,714 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $54.50, for a total transaction of $147,913.00. Following the completion of the transaction, the insider now owns 19,619 shares of the company’s stock, valued at $1,069,235.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Linda Dorcena Forry sold 822 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $58.12, for a total value of $47,774.64. Following the completion of the transaction, the insider now 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 accessible through this link. Also, insider Faasen William C. Van sold 2,714 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $54.50, for a total value of $147,913.00. Following the completion of the transaction, the insider now directly owns 19,619 shares of the company’s stock, valued at approximately $1,069,235.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,250 shares of company stock valued at $352,014. 0.29% of the stock is currently owned by corporate insiders.

Eversource Energy Price Performance

ES traded down $1.04 on Tuesday, hitting $57.20. 2,391,630 shares of the stock were exchanged, compared to its average volume of 3,025,993. Eversource Energy has a 12 month low of $52.03 and a 12 month high of $79.92. The business has a 50-day moving average of $58.24 and a two-hundred day moving average of $57.77. 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 $20.06 billion, a price-to-earnings ratio of -45.25, a PEG ratio of 3.12 and a beta of 0.58.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.02). Eversource Energy had a positive return on equity of 9.92% and a negative net margin of 3.71%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the company earned $0.92 EPS. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. Sell-side analysts forecast that Eversource Energy will post 4.52 EPS for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.715 per share. This is an increase from Eversource Energy’s previous quarterly dividend of $0.68. The ex-dividend date was Monday, March 4th. This represents a $2.86 annualized dividend and a yield of 5.00%. Eversource Energy’s payout ratio is presently -226.98%.

Analysts Set New Price Targets

A number of research firms have commented on ES. StockNews.com raised shares of Eversource Energy to a “sell” rating in a research report on Thursday, March 28th. BMO Capital Markets lifted their price objective 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. Mizuho raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $54.00 to $62.00 in a research report on Thursday, February 15th. Guggenheim raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $60.00 to $72.00 in a research report on Monday, January 22nd. Finally, UBS Group raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $62.00 to $67.00 in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.08.

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.