Valley Brook Capital Group Inc. Sells 562 Shares of Eversource Energy (NYSE:ES)

Valley Brook Capital Group Inc. trimmed its stake in shares of Eversource Energy (NYSE:ES) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,628 shares of the utilities provider’s stock after selling 562 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Eversource Energy were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. grew its position in shares of Eversource Energy by 10.8% in the 3rd quarter. Victory Capital Management Inc. now owns 450,007 shares of the utilities provider’s stock worth $26,168,000 after buying an additional 43,720 shares during the last quarter. OLD Republic International Corp bought a new stake in shares of Eversource Energy in the 3rd quarter worth approximately $27,283,000. Cerity Partners LLC grew its position in shares of Eversource Energy by 536.0% in the 4th quarter. Cerity Partners LLC now owns 118,243 shares of the utilities provider’s stock worth $7,298,000 after buying an additional 99,652 shares during the last quarter. abrdn plc grew its position in shares of Eversource Energy by 21.3% in the 4th quarter. abrdn plc now owns 488,683 shares of the utilities provider’s stock worth $30,162,000 after buying an additional 85,756 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Eversource Energy by 94.6% in the 4th quarter. Russell Investments Group Ltd. now owns 570,190 shares of the utilities provider’s stock worth $35,196,000 after buying an additional 277,132 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ES shares. Wells Fargo & Company raised their target price on Eversource Energy from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday. BMO Capital Markets raised their target price on Eversource Energy from $65.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday. Barclays lowered their target price on Eversource Energy from $66.00 to $61.00 and set an “equal weight” rating for the company in a research note on Monday, January 22nd. Argus lowered their target price on Eversource Energy from $85.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Finally, The Goldman Sachs Group started coverage on Eversource Energy in a research note on Wednesday, April 10th. They issued a “buy” rating and a $73.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.23.

Insider Buying and Selling at Eversource Energy

In other news, insider Frederica M. Williams sold 2,714 shares of Eversource Energy stock in a transaction on Monday, February 26th. The shares were sold at an average price of $57.60, for a total transaction of $156,326.40. Following 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Frederica M. Williams sold 2,714 shares of Eversource Energy stock in a transaction on Monday, February 26th. The shares were sold at an average price of $57.60, for a total transaction of $156,326.40. Following 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Linda Dorcena Forry sold 822 shares of Eversource Energy 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 transaction, 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 owned by corporate insiders.

Eversource Energy Stock Performance

Shares of ES traded down $0.74 during mid-day trading on Friday, hitting $60.01. 3,447,870 shares of the company traded hands, compared to its average volume of 2,016,408. The stock has a market cap of $21.05 billion, a price-to-earnings ratio of -50.86, a P/E/G ratio of 3.21 and a beta of 0.57. The stock has a 50-day moving average price of $59.17 and a two-hundred day moving average price of $58.14. Eversource Energy has a 1 year low of $52.03 and a 1 year high of $77.97. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.59 and a current ratio of 0.67.

Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Eversource Energy had a positive return on equity of 10.22% and a negative net margin of 3.60%. Eversource Energy’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.41 earnings per share. Equities analysts anticipate that Eversource Energy will post 4.49 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be given a dividend of $0.715 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.86 annualized dividend and a yield of 4.77%. Eversource Energy’s dividend payout ratio (DPR) is -242.37%.

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.