Sanctuary Advisors LLC Buys 5,203 Shares of Eversource Energy (NYSE:ES)

Sanctuary Advisors LLC raised its stake in shares of Eversource Energy (NYSE:ES) by 32.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,358 shares of the utilities provider’s stock after purchasing an additional 5,203 shares during the period. Sanctuary Advisors LLC’s holdings in Eversource Energy were worth $1,354,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ES. Brooklyn Investment Group acquired a new position in shares of Eversource Energy during the 3rd quarter worth about $31,000. Ashton Thomas Securities LLC bought a new position in Eversource Energy in the 3rd quarter worth approximately $32,000. UMB Bank n.a. lifted its holdings in shares of Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after buying an additional 198 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 350 shares during the period. Finally, MFA Wealth Advisors LLC acquired a new stake in shares of Eversource Energy in the third quarter worth $48,000. Institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Up 1.9 %

Shares of NYSE:ES opened at $56.95 on Friday. The company’s fifty day moving average is $62.51 and its 200-day moving average is $63.04. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86. Eversource Energy has a 52 week low of $52.09 and a 52 week high of $69.01. The company has a market capitalization of $20.87 billion, a PE ratio of -36.27, a P/E/G ratio of 2.38 and a beta of 0.60.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 earnings per share. Equities research analysts predict that Eversource Energy will post 4.56 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th will be paid a $0.715 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 5.02%. Eversource Energy’s dividend payout ratio (DPR) is presently -182.17%.

Analyst Ratings Changes

A number of analysts have weighed in on ES shares. BMO Capital Markets reduced their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Bank of America lifted their target price on Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Barclays upped their price target on Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Morgan Stanley raised their price objective on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Finally, Mizuho boosted their price objective on Eversource Energy from $62.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $68.38.

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.