Savant Capital LLC Purchases 1,692 Shares of Eversource Energy $ES

Savant Capital LLC lifted its position in shares of Eversource Energy (NYSE:ES) by 13.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,869 shares of the utilities provider’s stock after purchasing an additional 1,692 shares during the period. Savant Capital LLC’s holdings in Eversource Energy were worth $882,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ES. Trust Co. of Toledo NA OH purchased a new stake in Eversource Energy in the 2nd quarter valued at about $28,000. Hilltop National Bank purchased a new stake in shares of Eversource Energy during the second quarter valued at approximately $32,000. Zions Bancorporation National Association UT purchased a new stake in shares of Eversource Energy during the first quarter valued at approximately $46,000. Bogart Wealth LLC lifted its holdings in Eversource Energy by 100.9% during the second quarter. Bogart Wealth LLC now owns 928 shares of the utilities provider’s stock worth $59,000 after acquiring an additional 466 shares during the period. Finally, AlphaQuest LLC boosted its position in Eversource Energy by 155.8% in the second quarter. AlphaQuest LLC now owns 1,013 shares of the utilities provider’s stock worth $64,000 after purchasing an additional 617 shares during the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Eversource Energy Trading Up 0.0%

Shares of Eversource Energy stock opened at $73.63 on Friday. The stock has a market capitalization of $27.63 billion, a P/E ratio of 20.17, a P/E/G ratio of 2.64 and a beta of 0.69. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $75.25. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.64 and a current ratio of 0.71. The stock’s 50-day simple moving average is $70.58 and its 200 day simple moving average is $66.41.

Eversource Energy (NYSE:ES) last issued its earnings results on Tuesday, November 4th. The utilities provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.07. The firm had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.28 billion. Eversource Energy had a net margin of 10.22% and a return on equity of 11.06%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $1.13 earnings per share. As a group, research analysts anticipate that Eversource Energy will post 4.75 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were paid a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, September 22nd. Eversource Energy’s payout ratio is currently 82.47%.

Analysts Set New Price Targets

ES has been the subject of several research analyst reports. Bank of America raised Eversource Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $73.00 to $85.00 in a research report on Tuesday, October 21st. BMO Capital Markets reduced their price target on shares of Eversource Energy from $79.00 to $77.00 and set a “market perform” rating for the company in a research report on Thursday, November 6th. Jefferies Financial Group lifted their price objective on shares of Eversource Energy from $54.00 to $60.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 22nd. Janney Montgomery Scott reiterated a “neutral” rating on shares of Eversource Energy in a research note on Monday, October 13th. Finally, Scotiabank increased their target price on shares of Eversource Energy from $55.00 to $64.00 and gave the company a “sector underperform” rating in a research report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $72.70.

Insider Buying and Selling

In other Eversource Energy news, EVP James W. Hunt III sold 4,129 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $72.77, for a total transaction of $300,467.33. Following the sale, the executive vice president owned 32,415 shares of the company’s stock, valued at $2,358,839.55. The trade was a 11.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Loretta D. Keane bought 3,780 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were bought at an average price of $66.07 per share, for a total transaction 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 represents a 45.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.41% of the stock is currently owned by 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.