Salomon & Ludwin LLC Grows Stake in Eversource Energy (NYSE:ES)

Salomon & Ludwin LLC increased its stake in Eversource Energy (NYSE:ESFree Report) by 4,187.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 686 shares of the utilities provider’s stock after purchasing an additional 670 shares during the quarter. Salomon & Ludwin LLC’s holdings in Eversource Energy were worth $41,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in Eversource Energy by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,650,143 shares of the utilities provider’s stock worth $448,567,000 after purchasing an additional 353,171 shares during the period. Nordea Investment Management AB raised its holdings in Eversource Energy by 8.2% during the fourth quarter. Nordea Investment Management AB now owns 6,299,800 shares of the utilities provider’s stock valued at $388,509,000 after acquiring an additional 475,341 shares during the period. Morgan Stanley raised its holdings in Eversource Energy by 19.3% during the third quarter. Morgan Stanley now owns 4,464,230 shares of the utilities provider’s stock valued at $259,595,000 after acquiring an additional 723,318 shares during the period. American Century Companies Inc. raised its holdings in Eversource Energy by 23.7% during the third quarter. American Century Companies Inc. now owns 3,663,024 shares of the utilities provider’s stock valued at $213,005,000 after acquiring an additional 702,360 shares during the period. Finally, Magellan Asset Management Ltd raised its holdings in Eversource Energy by 5.4% during the fourth quarter. Magellan Asset Management Ltd now owns 3,067,091 shares of the utilities provider’s stock valued at $189,301,000 after acquiring an additional 156,534 shares during the period. 79.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 2,700 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $58.75, for a total value of $158,625.00. Following the sale, the executive vice president now directly owns 10,272 shares of the company’s stock, valued at $603,480. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Penelope M. Conner sold 2,700 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $58.75, for a total transaction of $158,625.00. Following the sale, the executive vice president now directly owns 10,272 shares of the company’s stock, valued at approximately $603,480. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Gregory B. Butler sold 10,000 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $56.20, for a total transaction of $562,000.00. Following the sale, the vice president now directly owns 63,808 shares in the company, valued at $3,586,009.60. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Eversource Energy Stock Performance

Eversource Energy stock opened at $57.86 on Wednesday. The company has a market capitalization of $20.38 billion, a PE ratio of -49.03, a P/E/G ratio of 2.21 and a beta of 0.59. Eversource Energy has a fifty-two week low of $52.03 and a fifty-two week high of $74.81. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.68 and a current ratio of 0.77. The company has a 50 day moving average price of $58.90 and a 200-day moving average price of $58.47.

Eversource Energy (NYSE:ESGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.49 EPS 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 the consensus estimate of $3.69 billion. Eversource Energy had a negative net margin of 3.60% and a positive return on equity of 10.32%. Eversource Energy’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.41 earnings per share. As a group, equities analysts forecast that Eversource Energy will post 4.53 earnings per share for the current year.

Eversource Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 16th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 4.94%. The ex-dividend date was Wednesday, May 15th. Eversource Energy’s payout ratio is -242.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ES shares. Bank of America raised Eversource Energy from an “underperform” rating to a “neutral” rating and set a $61.00 price target on the stock in a report on Tuesday, June 25th. StockNews.com upgraded Eversource Energy to a “sell” rating in a research report on Thursday, March 28th. Argus cut their price objective on Eversource Energy from $85.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Morgan Stanley cut their price objective on Eversource Energy from $70.00 to $67.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. Finally, BMO Capital Markets raised their price objective on Eversource Energy from $65.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.86.

Read Our Latest Report on ES

Eversource Energy Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.