Eversource Energy (NYSE:ES) Shares Sold by Tompkins Financial Corp


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Tompkins Financial Corp reduced its holdings in Eversource Energy (NYSE:ES) by 71.0% during the 4th quarter, Holdings Channel reports. The firm owned 582 shares of the utilities provider’s stock after selling 1,423 shares during the quarter. Tompkins Financial Corp’s holdings in Eversource Energy were worth $46,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Private Advisor Group LLC grew its holdings in Eversource Energy by 1.1% in the third quarter. Private Advisor Group LLC now owns 10,972 shares of the utilities provider’s stock valued at $916,000 after purchasing an additional 117 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in Eversource Energy by 12.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,094 shares of the utilities provider’s stock valued at $91,000 after purchasing an additional 119 shares during the period. Telemus Capital LLC grew its holdings in Eversource Energy by 3.4% in the third quarter. Telemus Capital LLC now owns 3,753 shares of the utilities provider’s stock valued at $343,000 after purchasing an additional 125 shares during the period. NEXT Financial Group Inc lifted its position in shares of Eversource Energy by 5.0% in the third quarter. NEXT Financial Group Inc now owns 2,671 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 128 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC lifted its position in shares of Eversource Energy by 3.1% in the third quarter. Clifford Swan Investment Counsel LLC now owns 4,381 shares of the utilities provider’s stock valued at $366,000 after acquiring an additional 131 shares in the last quarter. 76.79% of the stock is currently owned by institutional investors.

Shares of Eversource Energy stock opened at $78.65 on Tuesday. Eversource Energy has a one year low of $60.69 and a one year high of $98.92. The company has a market cap of $26.98 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 3.57 and a beta of 0.28. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 0.89. The business’s 50 day moving average price is $87.18 and its 200 day moving average price is $87.21.

Eversource Energy (NYSE:ES) last posted its earnings results on Tuesday, February 16th. The utilities provider reported $0.85 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.85. Eversource Energy had a return on equity of 8.88% and a net margin of 13.57%. On average, analysts predict that Eversource Energy will post 3.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Thursday, March 4th will be given a $0.6025 dividend. The ex-dividend date is Wednesday, March 3rd. This represents a $2.41 dividend on an annualized basis and a yield of 3.06%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.57. Eversource Energy’s payout ratio is currently 65.80%.

ES has been the topic of several research reports. Barclays raised their target price on Eversource Energy from $88.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 18th. KeyCorp decreased their target price on Eversource Energy from $98.00 to $93.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 12th. Credit Suisse Group decreased their target price on Eversource Energy from $82.00 to $81.00 and set an “underperform” rating on the stock in a research report on Friday, January 15th. Wells Fargo & Company decreased their target price on Eversource Energy from $100.00 to $95.00 in a research report on Thursday, February 18th. Finally, Morgan Stanley decreased their target price on Eversource Energy from $83.00 to $81.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $90.15.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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

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