Mindset Wealth Management LLC Sells 250 Shares of Eversource Energy (NYSE:ES)

Mindset Wealth Management LLC lessened its position in Eversource Energy (NYSE:ES) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,420 shares of the utilities provider’s stock after selling 250 shares during the period. Mindset Wealth Management LLC’s holdings in Eversource Energy were worth $426,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ES. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Eversource Energy by 33.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,231 shares of the utilities provider’s stock worth $2,306,000 after purchasing an additional 9,981 shares in the last quarter. Verity & Verity LLC purchased a new stake in shares of Eversource Energy in the fourth quarter worth $744,000. Nordea Investment Management AB increased its stake in shares of Eversource Energy by 41.7% in the fourth quarter. Nordea Investment Management AB now owns 1,735,901 shares of the utilities provider’s stock worth $99,554,000 after purchasing an additional 510,582 shares in the last quarter. Landscape Capital Management L.L.C. increased its stake in shares of Eversource Energy by 46.9% in the third quarter. Landscape Capital Management L.L.C. now owns 31,605 shares of the utilities provider’s stock worth $2,151,000 after purchasing an additional 10,093 shares in the last quarter. Finally, Everett Harris & Co. CA boosted its position in shares of Eversource Energy by 125.2% during the fourth quarter. Everett Harris & Co. CA now owns 8,093 shares of the utilities provider’s stock worth $465,000 after acquiring an additional 4,500 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Up 0.1 %

Shares of ES stock opened at $61.58 on Friday. The company’s 50-day moving average price is $59.84 and its 200-day moving average price is $61.93. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. The stock has a market cap of $22.61 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 2.35 and a beta of 0.60. Eversource Energy has a twelve month low of $54.75 and a twelve month high of $69.01.

Eversource Energy (NYSE:ES) last posted its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. As a group, equities analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be paid a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.89%. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Tuesday, March 4th. Eversource Energy’s dividend payout ratio is presently 130.30%.

Wall Street Analysts Forecast Growth

ES has been the subject of a number of research reports. Guggenheim restated a “buy” rating on shares of Eversource Energy in a research report on Monday, February 10th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Thursday, March 13th. Barclays lowered their price objective on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Jefferies Financial Group lowered their price objective on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company lowered their price objective on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and an average price target of $67.45.

Insider Buying and Selling

In other Eversource Energy news, VP Jay S. Buth sold 980 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.99, for a total value of $61,730.20. Following the completion of the sale, the vice president now owns 24,374 shares of the company’s stock, valued at approximately $1,535,318.26. This trade represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frederica M. Williams sold 3,092 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the transaction, the insider now owns 22,671 shares of the company’s stock, valued at approximately $1,411,496.46. This represents a 12.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

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.