Lido Advisors LLC reduced its holdings in shares of Eversource Energy (NYSE:ES – Free Report) by 14.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,688 shares of the utilities provider’s stock after selling 4,343 shares during the quarter. Lido Advisors LLC’s holdings in Eversource Energy were worth $1,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Shelton Capital Management purchased a new stake in Eversource Energy during the first quarter valued at $587,000. J.W. Cole Advisors Inc. increased its position in Eversource Energy by 8.2% during the second quarter. J.W. Cole Advisors Inc. now owns 5,767 shares of the utilities provider’s stock valued at $409,000 after acquiring an additional 438 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Eversource Energy by 6.7% during the first quarter. Envestnet Asset Management Inc. now owns 159,872 shares of the utilities provider’s stock valued at $12,512,000 after acquiring an additional 9,986 shares during the last quarter. NewEdge Advisors LLC increased its position in Eversource Energy by 8.9% during the first quarter. NewEdge Advisors LLC now owns 31,258 shares of the utilities provider’s stock valued at $2,440,000 after acquiring an additional 2,551 shares during the last quarter. Finally, CVA Family Office LLC increased its position in Eversource Energy by 629.8% during the second quarter. CVA Family Office LLC now owns 2,080 shares of the utilities provider’s stock valued at $148,000 after acquiring an additional 1,795 shares during the last quarter. 80.83% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on ES. UBS Group upped their price objective on Eversource Energy from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, November 7th. StockNews.com began coverage on Eversource Energy in a research report on Thursday, October 5th. They set a “sell” rating for the company. Citigroup reduced their price objective on Eversource Energy from $80.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. BMO Capital Markets reduced their price target on Eversource Energy from $75.00 to $62.00 and set a “market perform” rating for the company in a research report on Friday, October 13th. Finally, Barclays reduced their price target on Eversource Energy from $72.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $68.67.
Eversource Energy Stock Performance
NYSE ES opened at $57.25 on Thursday. The firm has a market cap of $20.00 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 2.45 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.56 and a debt-to-equity ratio of 1.41. The business has a 50-day moving average price of $57.45 and a 200-day moving average price of $65.79. Eversource Energy has a twelve month low of $52.03 and a twelve month high of $87.71.
Eversource Energy (NYSE:ES – Get Free Report) last released its quarterly earnings data on Monday, November 6th. The utilities provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.01). The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $3.12 billion. Eversource Energy had a return on equity of 9.64% and a net margin of 9.52%. The business’s revenue was down 13.2% on a year-over-year basis. During the same period last year, the company earned $1.01 EPS. As a group, equities research analysts predict that Eversource Energy will post 4.35 EPS for the current fiscal year.
Eversource Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 25th were paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date was Friday, September 22nd. Eversource Energy’s dividend payout ratio (DPR) is 80.84%.
Eversource Energy Company 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.
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