Eversource Energy (ES) Shares Bought by First Allied Advisory Services Inc.
First Allied Advisory Services Inc. lifted its position in Eversource Energy (NYSE:ES) by 39.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,370 shares of the utilities provider’s stock after purchasing an additional 5,523 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Eversource Energy were worth $1,171,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in ES. Bessemer Group Inc. raised its stake in shares of Eversource Energy by 125.3% in the second quarter. Bessemer Group Inc. now owns 3,596 shares of the utilities provider’s stock worth $218,000 after purchasing an additional 2,000 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Eversource Energy by 0.6% during the second quarter. Daiwa Securities Group Inc. now owns 8,980 shares of the utilities provider’s stock valued at $545,000 after acquiring an additional 50 shares in the last quarter. Korea Investment CORP raised its position in Eversource Energy by 122.8% during the second quarter. Korea Investment CORP now owns 38,144 shares of the utilities provider’s stock valued at $2,316,000 after acquiring an additional 21,027 shares in the last quarter. Retirement Systems of Alabama raised its position in Eversource Energy by 0.3% during the second quarter. Retirement Systems of Alabama now owns 153,644 shares of the utilities provider’s stock valued at $9,328,000 after acquiring an additional 467 shares in the last quarter. Finally, HL Financial Services LLC raised its position in Eversource Energy by 12.4% during the second quarter. HL Financial Services LLC now owns 7,600 shares of the utilities provider’s stock valued at $461,000 after acquiring an additional 836 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.
Shares of Eversource Energy (NYSE ES) opened at $65.22 on Monday. The company has a market capitalization of $20,667.29, a P/E ratio of 21.17, a PEG ratio of 3.49 and a beta of 0.31. Eversource Energy has a 12-month low of $52.59 and a 12-month high of $66.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80.
Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Eversource Energy had a net margin of 12.84% and a return on equity of 9.03%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. sell-side analysts anticipate that Eversource Energy will post 3.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Friday, December 15th. Eversource Energy’s dividend payout ratio (DPR) is presently 61.69%.
Several brokerages recently weighed in on ES. BidaskClub upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Eversource Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Bank of America began coverage on Eversource Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $62.00 price target for the company. Williams Capital lifted their price target on Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Finally, Credit Suisse Group lifted their price target on Eversource Energy from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $64.06.
In other news, COO Werner J. Schweiger sold 10,098 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $64.68, for a total value of $653,138.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by insiders.
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Eversource Energy Company Profile
Eversource Energy 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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