Catalyst Financial Partners LLC Sells 355 Shares of Eversource Energy (NYSE:ES)

Catalyst Financial Partners LLC trimmed its position in Eversource Energy (NYSE:ES) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,731 shares of the utilities provider’s stock after selling 355 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Eversource Energy were worth $214,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new stake in Eversource Energy during the third quarter worth approximately $114,000. Creative Planning increased its stake in Eversource Energy by 6.7% during the third quarter. Creative Planning now owns 86,160 shares of the utilities provider’s stock worth $5,863,000 after acquiring an additional 5,417 shares during the last quarter. V Square Quantitative Management LLC increased its stake in Eversource Energy by 6.1% during the third quarter. V Square Quantitative Management LLC now owns 9,368 shares of the utilities provider’s stock worth $637,000 after acquiring an additional 540 shares during the last quarter. Aaron Wealth Advisors LLC bought a new stake in Eversource Energy during the third quarter worth approximately $241,000. Finally, Net Worth Advisory Group bought a new stake in Eversource Energy during the third quarter worth approximately $221,000. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Down 1.5 %

Shares of NYSE ES opened at $61.57 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. The firm has a market capitalization of $22.56 billion, a price-to-earnings ratio of -39.22, a PEG ratio of 2.25 and a beta of 0.62. The stock has a 50 day moving average price of $57.91 and a 200 day moving average price of $62.68. Eversource Energy has a 52-week low of $54.75 and a 52-week high of $69.01.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. Sell-side analysts expect that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on ES shares. StockNews.com cut Eversource Energy from a “hold” rating to a “sell” rating in a research note on Thursday. Barclays cut their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Scotiabank cut their target price on Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research note on Thursday. Wells Fargo & Company cut their target price on Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Guggenheim reaffirmed a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and an average price target of $67.00.

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.