Private Advisor Group LLC Has $1.24 Million Stock Position in Eversource Energy (NYSE:ES)

Private Advisor Group LLC reduced its holdings in Eversource Energy (NYSE:ES) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,253 shares of the utilities provider’s stock after selling 861 shares during the period. Private Advisor Group LLC’s holdings in Eversource Energy were worth $1,242,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp grew its position in Eversource Energy by 65.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,868,360 shares of the utilities provider’s stock worth $227,929,000 after buying an additional 1,524,341 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Eversource Energy by 0.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 3,385,281 shares of the utilities provider’s stock worth $191,979,000 after purchasing an additional 20,207 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Eversource Energy by 12.7% during the second quarter. Bank of New York Mellon Corp now owns 3,135,652 shares of the utilities provider’s stock valued at $177,823,000 after purchasing an additional 354,429 shares during the period. ClearBridge Investments Ltd acquired a new position in shares of Eversource Energy in the first quarter valued at $156,093,000. Finally, Zimmer Partners LP lifted its position in Eversource Energy by 730.4% in the first quarter. Zimmer Partners LP now owns 2,537,095 shares of the utilities provider’s stock worth $151,642,000 after purchasing an additional 2,231,585 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Penelope M. Conner sold 500 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were 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 $639,464.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of the 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 owns 9,847 shares of the company’s stock, valued at approximately $639,464.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Penelope M. Conner sold 815 shares of the firm’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 owns 9,032 shares in the company, valued at approximately $591,596. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Eversource Energy Stock Up 0.5 %

Shares of NYSE:ES opened at $65.84 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.74. The firm has a market cap of $23.53 billion, a P/E ratio of -243.85, a P/E/G ratio of 2.56 and a beta of 0.61. Eversource Energy has a 12 month low of $52.03 and a 12 month high of $69.01. The company’s 50-day moving average price is $66.48 and its two-hundred day moving average price is $62.68.

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

Eversource Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a dividend of $0.715 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.34%. Eversource Energy’s payout ratio is currently -1,059.26%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ES. Bank of America increased their price objective on shares of Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research note on Wednesday. Scotiabank upped their price objective on Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. BMO Capital Markets cut their target price on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company upped their price target on Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Eversource Energy presently has an average rating of “Hold” and a consensus price target of $70.07.

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.