Dynasty Wealth Management LLC Purchases Shares of 4,132 Eversource Energy (NYSE:ES)

Dynasty Wealth Management LLC purchased a new stake in shares of Eversource Energy (NYSE:ES) in the first quarter, HoldingsChannel reports. The institutional investor purchased 4,132 shares of the utilities provider’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. lifted its position in shares of Eversource Energy by 49.7% during the 1st quarter. Salem Investment Counselors Inc. now owns 545 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 181 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Eversource Energy by 2.5% in the first quarter. Avantax Advisory Services Inc. now owns 7,944 shares of the utilities provider’s stock valued at $475,000 after purchasing an additional 192 shares in the last quarter. Presima Securities ULC lifted its holdings in shares of Eversource Energy by 1.5% in the fourth quarter. Presima Securities ULC now owns 13,730 shares of the utilities provider’s stock valued at $847,000 after purchasing an additional 200 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Eversource Energy by 62.6% in the first quarter. Versant Capital Management Inc now owns 522 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 201 shares in the last quarter. Finally, Grace & White Inc. NY lifted its holdings in shares of Eversource Energy by 5.2% in the first quarter. Grace & White Inc. NY now owns 4,418 shares of the utilities provider’s stock valued at $264,000 after purchasing an additional 218 shares in the last quarter. 79.99% of the stock is owned by institutional investors.

Insider Activity at Eversource Energy

In related news, VP Gregory B. Butler sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total value of $562,000.00. Following the completion of the sale, the vice president now owns 63,808 shares of the company’s stock, valued at $3,586,009.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Eversource Energy news, EVP Penelope M. Conner sold 2,700 shares of Eversource Energy stock in a transaction on Friday, May 31st. The shares were sold at an average price of $58.75, for a total transaction of $158,625.00. Following the completion of the sale, the executive vice president now owns 10,272 shares of the company’s stock, valued at approximately $603,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregory B. Butler sold 10,000 shares of Eversource Energy stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $56.20, for a total transaction of $562,000.00. Following the sale, the vice president now directly owns 63,808 shares of the company’s stock, valued at approximately $3,586,009.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com lowered Eversource Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. BMO Capital Markets increased their price objective on Eversource Energy from $65.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. UBS Group upgraded Eversource Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $62.00 to $67.00 in a report on Thursday, April 4th. Barclays increased their target price on shares of Eversource Energy from $65.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Monday, July 22nd. Finally, Scotiabank lowered their target price on shares of Eversource Energy from $61.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $66.43.

Eversource Energy Stock Down 1.6 %

Shares of ES opened at $64.89 on Thursday. Eversource Energy has a 12 month low of $52.03 and a 12 month high of $72.93. The company has a 50-day moving average price of $59.21 and a two-hundred day moving average price of $58.58. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.71. The stock has a market cap of $22.86 billion, a price-to-earnings ratio of -54.99, a P/E/G ratio of 2.53 and a beta of 0.59.

Eversource Energy (NYSE:ES) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.95. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.90 billion. Eversource Energy had a negative net margin of 3.60% and a positive return on equity of 10.32%. Eversource Energy’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 earnings per share. Equities analysts predict that Eversource Energy will post 4.56 EPS for the current fiscal year.

About Eversource Energy

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.