Eversource Energy $ES Stock Holdings Lifted by Burney Co.

Burney Co. raised its position in Eversource Energy (NYSE:ES) by 85.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,720 shares of the utilities provider’s stock after purchasing an additional 38,490 shares during the quarter. Burney Co.’s holdings in Eversource Energy were worth $5,326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ES. Trust Co. of Toledo NA OH purchased a new position in Eversource Energy in the second quarter valued at about $28,000. Hilltop National Bank purchased a new position in Eversource Energy in the second quarter valued at about $32,000. Zions Bancorporation National Association UT acquired a new stake in shares of Eversource Energy in the first quarter worth about $46,000. Cromwell Holdings LLC lifted its position in shares of Eversource Energy by 44.2% in the first quarter. Cromwell Holdings LLC now owns 829 shares of the utilities provider’s stock worth $51,000 after buying an additional 254 shares during the last quarter. Finally, Bogart Wealth LLC lifted its position in shares of Eversource Energy by 100.9% in the second quarter. Bogart Wealth LLC now owns 928 shares of the utilities provider’s stock worth $59,000 after buying an additional 466 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Price Performance

NYSE ES opened at $74.28 on Tuesday. Eversource Energy has a twelve month low of $52.28 and a twelve month high of $75.25. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.63 and a current ratio of 0.71. The stock has a market capitalization of $27.57 billion, a PE ratio of 31.88, a P/E/G ratio of 2.65 and a beta of 0.69. The stock has a 50-day simple moving average of $69.13 and a 200 day simple moving average of $65.67.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, September 22nd. Eversource Energy’s payout ratio is currently 129.18%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ES. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Eversource Energy in a research report on Monday, October 13th. Jefferies Financial Group boosted their price target on Eversource Energy from $54.00 to $60.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 22nd. Bank of America raised Eversource Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $73.00 to $85.00 in a research report on Tuesday, October 21st. TD Cowen began coverage on Eversource Energy in a research report on Thursday, October 16th. They issued a “hold” rating and a $76.00 price target for the company. Finally, Wells Fargo & Company began coverage on Eversource Energy in a research report on Tuesday, October 28th. They issued an “overweight” rating and a $79.00 price target for the company. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $70.56.

Insider Buying and Selling at Eversource Energy

In other Eversource Energy news, insider Loretta D. Keane acquired 3,780 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was acquired at an average price of $66.07 per share, with a total value of $249,744.60. Following the transaction, the insider owned 12,033 shares of the company’s stock, valued at approximately $795,020.31. This trade represents a 45.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.19% 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.