Eversource Energy (NYSE:ES – Get Rating) EVP Penelope M. Conner sold 4,000 shares of Eversource Energy stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $91.75, for a total transaction of $367,000.00. Following the completion of the sale, the executive vice president now owns 4,979 shares in the company, valued at $456,823.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Eversource Energy stock traded up $0.27 during trading on Thursday, reaching $92.42. The company’s stock had a trading volume of 13,436 shares, compared to its average volume of 1,876,453. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.57 and a current ratio of 0.62. The business’s fifty day moving average price is $89.51 and its 200-day moving average price is $87.13. The firm has a market cap of $31.87 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 3.50 and a beta of 0.42. Eversource Energy has a one year low of $78.44 and a one year high of $94.63.

Eversource Energy (NYSE:ES – Get Rating) last released its earnings results on Wednesday, May 4th. The utilities provider reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.08. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $2.89 billion. Eversource Energy had a return on equity of 9.52% and a net margin of 12.32%. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period last year, the business earned $1.15 earnings per share. Sell-side analysts anticipate that Eversource Energy will post 4.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, May 19th will be paid a $0.6375 dividend. The ex-dividend date of this dividend is Wednesday, May 18th. This represents a $2.55 dividend on an annualized basis and a dividend yield of 2.76%. Eversource Energy’s dividend payout ratio (DPR) is presently 67.82%.

Several large investors have recently made changes to their positions in the company. David J Yvars Group bought a new position in Eversource Energy during the fourth quarter worth about $26,000. Country Trust Bank acquired a new stake in shares of Eversource Energy during the fourth quarter worth about $28,000. TAP Consulting LLC acquired a new stake in shares of Eversource Energy during the fourth quarter worth about $28,000. Rinkey Investments acquired a new stake in shares of Eversource Energy during the fourth quarter worth about $31,000. Finally, MCF Advisors LLC acquired a new stake in shares of Eversource Energy during the first quarter worth about $31,000. Institutional investors own 80.74% of the company’s stock.

ES has been the topic of a number of recent analyst reports. Bank of America downgraded shares of Eversource Energy from a “neutral” rating to an “underperform” rating and set a $80.00 price target on the stock. in a research report on Wednesday, February 23rd. Wolfe Research lowered Eversource Energy from an “outperform” rating to a “peer perform” rating and reduced their price objective for the stock from $87.00 to $85.00 in a research note on Wednesday, March 9th. Credit Suisse Group started coverage on Eversource Energy in a research note on Tuesday, April 26th. They set a “neutral” rating and a $92.00 price objective for the company. StockNews.com initiated coverage on Eversource Energy in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Wells Fargo & Company increased their price objective on Eversource Energy from $92.00 to $97.00 in a report on Thursday, May 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $90.00.

Eversource Energy Company Profile (Get Rating)

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.

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