Eversource Energy (NYSE:ES) Shares Purchased by Seeyond

Seeyond boosted its holdings in Eversource Energy (NYSE:ES) by 6.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 31,673 shares of the utilities provider’s stock after buying an additional 1,856 shares during the quarter. Seeyond’s holdings in Eversource Energy were worth $2,541,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of ES. Meridian Wealth Partners LLC acquired a new position in Eversource Energy in the first quarter worth approximately $25,000. BDO Wealth Advisors LLC purchased a new position in Eversource Energy during the 1st quarter worth approximately $26,000. CSat Investment Advisory L.P. grew its position in Eversource Energy by 53.0% during the 1st quarter. CSat Investment Advisory L.P. now owns 355 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 123 shares in the last quarter. Tradewinds Capital Management LLC purchased a new position in Eversource Energy during the 2nd quarter worth approximately $38,000. Finally, First Horizon Advisors Inc. grew its position in Eversource Energy by 246.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 614 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 437 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

In related news, insider Linda Dorcena Forry sold 625 shares of the company’s stock in a transaction dated Wednesday, August 4th. The shares were sold at an average price of $87.79, for a total value of $54,868.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

ES has been the topic of several research analyst reports. Credit Suisse Group began coverage on shares of Eversource Energy in a research report on Wednesday, July 14th. They set an “underperform” rating and a $85.00 price objective on the stock. Morgan Stanley lifted their target price on shares of Eversource Energy from $81.00 to $85.00 and gave the company an “underweight” rating in a research note on Thursday, August 19th. Wells Fargo & Company decreased their target price on shares of Eversource Energy from $102.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, October 4th. Finally, Mizuho decreased their target price on shares of Eversource Energy from $85.00 to $82.00 and set an “underperform” rating for the company in a research note on Thursday, September 16th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and an average price target of $88.57.

ES traded up $0.78 during trading on Thursday, hitting $87.02. The stock had a trading volume of 1,126 shares, compared to its average volume of 1,474,029. The firm has a market cap of $29.90 billion, a PE ratio of 23.76, a P/E/G ratio of 3.48 and a beta of 0.35. Eversource Energy has a 12 month low of $76.64 and a 12 month high of $96.66. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 1.11. The company has a 50 day simple moving average of $87.58 and a 200-day simple moving average of $85.51.

Eversource Energy (NYSE:ES) last announced its earnings results on Thursday, July 29th. The utilities provider reported $0.79 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.01). The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.18 billion. Eversource Energy had a return on equity of 9.27% and a net margin of 13.11%. As a group, sell-side analysts anticipate that Eversource Energy will post 3.83 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Stockholders of record on Thursday, September 16th were issued a dividend of $0.6025 per share. The ex-dividend date of this dividend was Wednesday, September 15th. This represents a $2.41 annualized dividend and a dividend yield of 2.77%. Eversource Energy’s payout ratio is 66.21%.

Eversource Energy Profile

Eversource Energy engages in the generation, transmission, and distribution of natural gas and electricity. It operates through the following segments: Electric Distribution, Electric Transmission, Water Distribution and Natural Gas Distribution. The Electric Distribution segment distributes electricity to retail customers.

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

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