Eversource Energy (NYSE:ES) Shares Purchased by MONECO Advisors LLC

MONECO Advisors LLC grew its stake in shares of Eversource Energy (NYSE:ES) by 55.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,578 shares of the utilities provider’s stock after acquiring an additional 2,338 shares during the period. MONECO Advisors LLC’s holdings in Eversource Energy were worth $448,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Lynx Investment Advisory purchased a new stake in shares of Eversource Energy during the second quarter valued at $25,000. UMB Bank n.a. lifted its stake in Eversource Energy by 62.9% during the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after buying an additional 198 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Eversource Energy by 83.6% in the first quarter. Manchester Capital Management LLC now owns 606 shares of the utilities provider’s stock worth $36,000 after buying an additional 276 shares during the period. Salomon & Ludwin LLC increased its position in shares of Eversource Energy by 4,187.5% in the first quarter. Salomon & Ludwin LLC now owns 686 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 670 shares in the last quarter. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Eversource Energy during the first quarter valued at approximately $43,000. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Performance

Shares of ES opened at $64.55 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.74. Eversource Energy has a 12 month low of $52.03 and a 12 month high of $69.01. The company’s fifty day moving average is $66.53 and its 200-day moving average is $62.64. The firm has a market cap of $23.07 billion, a price-to-earnings ratio of -239.07, a price-to-earnings-growth ratio of 2.56 and a beta of 0.61.

Eversource Energy (NYSE:ES) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $1.00 earnings per share. The business’s revenue was down 3.7% compared to the same quarter last year. Equities analysts expect that Eversource Energy will post 4.57 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s dividend payout ratio is -1,059.26%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ES. Mizuho lifted their price objective on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Barclays lifted their price target on Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. BMO Capital Markets reduced their price objective on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. Bank of America lifted their target price on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, StockNews.com upgraded Eversource Energy from a “sell” rating to a “hold” rating in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Eversource Energy has an average rating of “Hold” and an average target price of $70.07.

Insider Activity at Eversource Energy

In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total transaction of $53,382.50. Following the completion of the sale, the executive vice president now owns 9,032 shares of the company’s stock, valued at $591,596. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Penelope M. Conner sold 500 shares of Eversource Energy stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $64.94, for a total value of $32,470.00. Following the transaction, the executive vice president now directly owns 9,847 shares in the company, valued at approximately $639,464.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Penelope M. Conner sold 815 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total value of $53,382.50. Following the transaction, the executive vice president now directly owns 9,032 shares of the company’s stock, valued at $591,596. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

About Eversource Energy

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.