Everett Harris & Co. CA Makes New $245,000 Investment in Eversource Energy (NYSE:ES)

Everett Harris & Co. CA bought a new stake in Eversource Energy (NYSE:ES) during the 3rd quarter, HoldingsChannel reports. The fund bought 3,593 shares of the utilities provider’s stock, valued at approximately $245,000.

Other institutional investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. lifted its stake in Eversource Energy by 15.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 4,375 shares of the utilities provider’s stock worth $270,000 after purchasing an additional 590 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of Eversource Energy during the 4th quarter worth approximately $282,000. Nomura Holdings Inc. bought a new stake in shares of Eversource Energy during the 4th quarter worth approximately $434,000. GAMMA Investing LLC boosted its holdings in Eversource Energy by 25.9% during the 1st quarter. GAMMA Investing LLC now owns 1,738 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 357 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in Eversource Energy by 98.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,534 shares of the utilities provider’s stock valued at $92,000 after acquiring an additional 760 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Trading Up 1.7 %

Shares of NYSE:ES opened at $66.13 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $23.63 billion, a PE ratio of -244.93, a P/E/G ratio of 2.49 and a beta of 0.61. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $69.01. The business’s fifty day simple moving average is $66.45 and its 200-day simple moving average is $62.27.

Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, hitting analysts’ consensus estimates of $0.95. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.90 billion. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 earnings per share. As a group, equities research analysts predict that Eversource Energy will post 4.57 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a yield of 4.32%. Eversource Energy’s payout ratio is -1,059.26%.

Insider Buying and Selling at Eversource Energy

In other news, EVP Penelope M. Conner sold 500 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $64.94, for a total transaction of $32,470.00. Following the transaction, the executive vice president now directly owns 9,847 shares of the company’s stock, valued at approximately $639,464.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the sale, the executive vice president now owns 9,032 shares of the company’s stock, valued at approximately $591,596. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Penelope M. Conner sold 500 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $64.94, for a total transaction of $32,470.00. Following the completion of the transaction, the executive vice president now directly owns 9,847 shares of the company’s stock, valued at approximately $639,464.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays lifted their target price on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Bank of America boosted their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Wells Fargo & Company raised their target price on shares of Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Morgan Stanley lifted their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Finally, BMO Capital Markets dropped their price objective on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Eversource Energy has a consensus rating of “Hold” and an average price target of $70.07.

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.