Advisor Group Holdings Inc. increased its stake in Eversource Energy (NYSE:ES) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 94,456 shares of the utilities provider’s stock after buying an additional 124 shares during the period. Advisor Group Holdings Inc.’s holdings in Eversource Energy were worth $7,727,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Hanson & Doremus Investment Management bought a new position in Eversource Energy in the 3rd quarter valued at approximately $31,000. Lion Street Advisors LLC bought a new position in Eversource Energy in the 2nd quarter valued at approximately $34,000. Goodwin Investment Advisory bought a new position in Eversource Energy in the 3rd quarter valued at approximately $36,000. Berman Capital Advisors LLC lifted its position in Eversource Energy by 36.0% in the 3rd quarter. Berman Capital Advisors LLC now owns 518 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 137 shares in the last quarter. Finally, GeoWealth Management LLC bought a new position in Eversource Energy in the 2nd quarter valued at approximately $44,000. Institutional investors own 76.68% of the company’s stock.
ES has been the topic of several analyst reports. Morgan Stanley upped their price objective on Eversource Energy from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 21st. Mizuho raised Eversource Energy from an “underperform” rating to a “neutral” rating and increased their price target for the company from $82.00 to $87.00 in a report on Thursday, October 28th. Finally, Wells Fargo & Company lowered their price target on Eversource Energy from $102.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, October 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $90.00.
Shares of NYSE ES opened at $89.66 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.72 and a quick ratio of 0.67. The company has a market cap of $30.83 billion, a P/E ratio of 26.06, a PEG ratio of 3.53 and a beta of 0.40. Eversource Energy has a 1 year low of $76.64 and a 1 year high of $92.66. The firm has a 50-day simple moving average of $86.54 and a two-hundred day simple moving average of $86.21.
Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Tuesday, November 2nd. The utilities provider reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.03). Eversource Energy had a net margin of 12.30% and a return on equity of 9.23%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the firm posted $1.01 EPS. As a group, equities research analysts expect that Eversource Energy will post 3.84 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Friday, December 17th were paid a dividend of $0.6025 per share. This represents a $2.41 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Thursday, December 16th. Eversource Energy’s dividend payout ratio is presently 70.06%.
About Eversource Energy
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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