Eversource Energy (NYSE:ES) Position Lifted by Easterly Investment Partners LLC

Easterly Investment Partners LLC grew its stake in Eversource Energy (NYSE:ES) by 14.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 206,383 shares of the utilities provider’s stock after purchasing an additional 25,735 shares during the quarter. Eversource Energy makes up approximately 1.1% of Easterly Investment Partners LLC’s holdings, making the stock its 19th biggest holding. Easterly Investment Partners LLC owned about 0.06% of Eversource Energy worth $14,044,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Massmutual Trust Co. FSB ADV raised its position in shares of Eversource Energy by 14.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider’s stock worth $90,000 after buying an additional 169 shares in the last quarter. Addison Advisors LLC raised its holdings in Eversource Energy by 27.4% during the second quarter. Addison Advisors LLC now owns 860 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 185 shares in the last quarter. Bar Harbor Wealth Management raised its holdings in Eversource Energy by 4.1% during the second quarter. Bar Harbor Wealth Management now owns 4,780 shares of the utilities provider’s stock worth $271,000 after purchasing an additional 190 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in Eversource Energy by 2.5% in the first quarter. Avantax Advisory Services Inc. now owns 7,944 shares of the utilities provider’s stock worth $475,000 after purchasing an additional 192 shares during the period. Finally, UMB Bank n.a. boosted its stake in Eversource Energy by 62.9% during the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 198 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 0.6 %

Shares of Eversource Energy stock traded up $0.36 during midday trading on Friday, hitting $61.18. The company’s stock had a trading volume of 288,980 shares, compared to its average volume of 2,403,454. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $21.87 billion, a P/E ratio of -38.74, a PEG ratio of 2.47 and a beta of 0.61. The stock has a 50-day simple moving average of $66.14 and a 200-day simple moving average of $62.82.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. Eversource Energy had a positive return on equity of 11.00% and a negative net margin of 4.73%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the company posted $0.97 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts expect that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Announces Dividend

The business also recently disclosed 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. This represents a $2.86 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s payout ratio is presently -182.17%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Morgan Stanley lifted their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Barclays boosted their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Bank of America raised their target price on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, BMO Capital Markets dropped their price target on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $70.46.

Insider Buying and Selling at Eversource Energy

In related news, EVP Penelope M. Conner sold 815 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total transaction of $53,382.50. Following the completion of the sale, the executive vice president now directly owns 9,032 shares in the company, valued at approximately $591,596. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.