Intrua Financial LLC Increases Stock Position in Eversource Energy $ES

Intrua Financial LLC lifted its holdings in shares of Eversource Energy (NYSE:ES) by 52.9% in the second quarter, HoldingsChannel reports. The firm owned 12,837 shares of the utilities provider’s stock after acquiring an additional 4,442 shares during the period. Intrua Financial LLC’s holdings in Eversource Energy were worth $817,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. PDS Planning Inc lifted its stake in Eversource Energy by 4.7% in the 2nd quarter. PDS Planning Inc now owns 3,840 shares of the utilities provider’s stock valued at $244,000 after buying an additional 173 shares in the last quarter. Avidian Wealth Enterprises LLC increased its position in Eversource Energy by 2.9% during the second quarter. Avidian Wealth Enterprises LLC now owns 6,179 shares of the utilities provider’s stock worth $393,000 after buying an additional 176 shares in the last quarter. Thrive Wealth Management LLC raised its holdings in shares of Eversource Energy by 3.6% in the second quarter. Thrive Wealth Management LLC now owns 5,445 shares of the utilities provider’s stock worth $346,000 after acquiring an additional 189 shares during the last quarter. Penobscot Investment Management Company Inc. lifted its position in shares of Eversource Energy by 1.4% in the second quarter. Penobscot Investment Management Company Inc. now owns 14,418 shares of the utilities provider’s stock valued at $917,000 after acquiring an additional 195 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of Eversource Energy by 17.9% during the second quarter. Hantz Financial Services Inc. now owns 1,286 shares of the utilities provider’s stock valued at $82,000 after acquiring an additional 195 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Eversource Energy Trading Down 0.5%

ES stock opened at $73.31 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 1.68. The company has a market cap of $27.51 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.64 and a beta of 0.69. The business has a fifty day simple moving average of $70.78 and a 200-day simple moving average of $66.51. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $75.25.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Tuesday, November 4th. The utilities provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.12 by $0.07. Eversource Energy had a return on equity of 11.06% and a net margin of 10.22%.The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the firm posted $1.13 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts expect that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were given a $0.7525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.01 annualized dividend and a yield of 4.1%. Eversource Energy’s dividend payout ratio (DPR) is 82.47%.

Analyst Ratings Changes

Several brokerages recently weighed in on ES. Jefferies Financial Group boosted their target price on shares of Eversource Energy from $54.00 to $60.00 and gave the company an “underperform” rating in a research note on Wednesday, October 22nd. Bank of America upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $73.00 to $85.00 in a report on Tuesday, October 21st. TD Cowen started coverage on shares of Eversource Energy in a research note on Thursday, October 16th. They set a “hold” rating and a $76.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a research note on Friday, October 31st. Finally, Wells Fargo & Company started coverage on Eversource Energy in a research note on Tuesday, October 28th. They set an “overweight” rating and a $79.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Eversource Energy currently has an average rating of “Hold” and an average price target of $72.70.

Insider Buying and Selling

In other news, EVP James W. Hunt III sold 4,129 shares of Eversource Energy stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $72.77, for a total transaction of $300,467.33. Following the sale, the executive vice president owned 32,415 shares in the company, valued at $2,358,839.55. This trade represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Loretta D. Keane bought 3,780 shares of Eversource Energy stock in a transaction dated Friday, August 22nd. The shares were purchased at an average cost of $66.07 per share, for a total transaction of $249,744.60. Following the completion of the transaction, the insider owned 12,033 shares of the company’s stock, valued at approximately $795,020.31. This represents a 45.80% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.41% of the company’s stock.

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.