Eversource Energy (NYSE:ES) Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its stake in Eversource Energy (NYSE:ESGet Rating) by 7.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 23,775 shares of the utilities provider’s stock after acquiring an additional 1,598 shares during the quarter. Kestra Advisory Services LLC’s holdings in Eversource Energy were worth $1,853,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors L.P. grew its stake in Eversource Energy by 5.2% in the 2nd quarter. Natixis Advisors L.P. now owns 148,260 shares of the utilities provider’s stock valued at $12,524,000 after acquiring an additional 7,297 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Eversource Energy by 0.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 69,820 shares of the utilities provider’s stock valued at $5,443,000 after purchasing an additional 472 shares in the last quarter. Clear Street Markets LLC lifted its holdings in Eversource Energy by 200.0% in the 2nd quarter. Clear Street Markets LLC now owns 723 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 482 shares in the last quarter. Sawtooth Solutions LLC lifted its holdings in Eversource Energy by 32.0% in the 2nd quarter. Sawtooth Solutions LLC now owns 4,060 shares of the utilities provider’s stock valued at $343,000 after purchasing an additional 984 shares in the last quarter. Finally, Charter Oak Capital Management LLC purchased a new position in Eversource Energy in the 2nd quarter valued at $175,000. Institutional investors and hedge funds own 77.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Guggenheim decreased their price objective on Eversource Energy from $97.00 to $82.00 in a report on Monday, October 24th. StockNews.com assumed coverage on Eversource Energy in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Evercore ISI raised their price objective on Eversource Energy to $86.00 in a report on Friday, December 2nd. Morgan Stanley lifted their price target on Eversource Energy from $84.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, December 15th. Finally, Wells Fargo & Company lifted their price target on Eversource Energy to $99.00 in a report on Wednesday, December 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $88.80.

Eversource Energy Stock Down 0.1 %

Shares of NYSE:ES opened at $79.74 on Monday. The business has a 50-day moving average price of $83.13 and a 200 day moving average price of $83.78. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $27.77 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.80 and a beta of 0.46. Eversource Energy has a 12-month low of $70.54 and a 12-month high of $94.63.

Eversource Energy (NYSE:ESGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.02). The business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $2.72 billion. Eversource Energy had a return on equity of 9.45% and a net margin of 11.85%. Sell-side analysts expect that Eversource Energy will post 4.1 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were given a dividend of $0.6375 per share. This represents a $2.55 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Thursday, December 15th. Eversource Energy’s payout ratio is 63.59%.

Insider Buying and Selling

In other Eversource Energy news, insider Faasen William C. Van sold 1,943 shares of Eversource Energy stock in a transaction dated Thursday, January 19th. The stock was sold at an average price of $81.08, for a total value of $157,538.44. Following the completion of the transaction, the insider now directly owns 18,841 shares of the company’s stock, valued at approximately $1,527,628.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

Eversource Energy Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Eversource Energy (NYSE:ES)

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