HighTower Advisors LLC Has $6,252,000 Stake in Eversource Energy (ES)
HighTower Advisors LLC boosted its position in Eversource Energy (NYSE:ES) by 105.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 115,282 shares of the company’s stock after buying an additional 59,058 shares during the period. HighTower Advisors LLC’s holdings in Eversource Energy were worth $6,252,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Mycio Wealth Partners LLC boosted its stake in Eversource Energy by 100.0% in the second quarter. Mycio Wealth Partners LLC now owns 1,770 shares of the company’s stock valued at $106,000 after buying an additional 885 shares during the last quarter. WFG Advisors LP boosted its stake in Eversource Energy by 7.8% in the second quarter. WFG Advisors LP now owns 1,994 shares of the company’s stock valued at $119,000 after buying an additional 145 shares during the last quarter. Bellwether Investment Group LLC bought a new stake in Eversource Energy during the second quarter valued at $132,000. SevenBridge Financial Group LLC bought a new stake in Eversource Energy during the second quarter valued at $138,000. Finally, Seven Eight Capital LLC bought a new stake in Eversource Energy during the second quarter valued at $147,000. Institutional investors and hedge funds own 68.89% of the company’s stock.
Eversource Energy (NYSE:ES) traded down 0.43% on Friday, reaching $55.07. 304,590 shares of the company traded hands. The stock has a market capitalization of $17.45 billion, a PE ratio of 19.60 and a beta of 0.28. The firm has a 50 day moving average of $54.12 and a 200-day moving average of $55.07. Eversource Energy has a one year low of $50.16 and a one year high of $60.44.
Eversource Energy (NYSE:ES) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. Eversource Energy had a return on equity of 8.61% and a net margin of 11.85%. The company earned $2.04 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Eversource Energy will post $2.98 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 16th were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Wednesday, December 14th. Eversource Energy’s dividend payout ratio is currently 63.35%.
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Several equities research analysts have weighed in on the stock. Deutsche Bank AG upgraded shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Tuesday, December 20th. Zacks Investment Research raised shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Thursday, December 29th. Argus reaffirmed a “buy” rating and issued a $59.00 target price (down previously from $64.00) on shares of Eversource Energy in a research note on Wednesday, October 12th. Citigroup Inc. reduced their target price on shares of Eversource Energy from $61.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 4th. Finally, Barclays PLC reduced their target price on shares of Eversource Energy from $65.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 4th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $60.14.
In other news, insider Thomas J. May sold 120,000 shares of the company’s stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $55.20, for a total value of $6,624,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.89% of the stock is owned by insiders.
Eversource Energy Company Profile
Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.
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