Capital Advisors Ltd. LLC Grows Stock Position in Eversource Energy (NYSE:ES)

Capital Advisors Ltd. LLC boosted its stake in shares of Eversource Energy (NYSE:ES) by 46.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,267 shares of the utilities provider’s stock after acquiring an additional 400 shares during the period. Capital Advisors Ltd. LLC’s holdings in Eversource Energy were worth $76,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Federated Hermes Inc. lifted its stake in Eversource Energy by 15.1% in the third quarter. Federated Hermes Inc. now owns 2,068 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 272 shares during the last quarter. Alpine Global Management LLC acquired a new position in shares of Eversource Energy during the third quarter worth $343,000. Schonfeld Strategic Advisors LLC increased its holdings in Eversource Energy by 736.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 105,016 shares of the utilities provider’s stock valued at $6,107,000 after buying an additional 92,464 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Eversource Energy by 80.3% in the third quarter. Lazard Asset Management LLC now owns 22,245 shares of the utilities provider’s stock valued at $1,292,000 after buying an additional 9,906 shares during the last quarter. Finally, Quadrature Capital Ltd raised its stake in Eversource Energy by 150.5% in the third quarter. Quadrature Capital Ltd now owns 25,199 shares of the utilities provider’s stock valued at $1,465,000 after buying an additional 15,139 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Trading Down 0.1 %

Shares of ES opened at $56.51 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.71. Eversource Energy has a fifty-two week low of $52.03 and a fifty-two week high of $74.81. The firm has a 50-day simple moving average of $59.27 and a 200-day simple moving average of $58.64.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.04. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Eversource Energy had a negative net margin of 3.60% and a positive return on equity of 10.32%. Eversource Energy’s revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.41 EPS. Equities analysts forecast that Eversource Energy will post 4.53 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, May 16th were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Wednesday, May 15th. Eversource Energy’s dividend payout ratio (DPR) is -242.37%.

Analyst Upgrades and Downgrades

ES has been the topic of a number of recent analyst reports. StockNews.com upgraded Eversource Energy to a “sell” rating in a report on Thursday, March 28th. Bank of America raised shares of Eversource Energy from an “underperform” rating to a “neutral” rating and set a $61.00 price objective on the stock in a report on Tuesday, June 25th. BMO Capital Markets upped their target price on shares of Eversource Energy from $65.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. The Goldman Sachs Group began coverage on shares of Eversource Energy in a research report on Wednesday, April 10th. They issued a “buy” rating and a $73.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $65.86.

Insider Activity

In related news, EVP Penelope M. Conner sold 2,700 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $58.75, for a total transaction of $158,625.00. Following the transaction, the executive vice president now owns 10,272 shares of the company’s stock, valued at $603,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Eversource Energy news, EVP Penelope M. Conner sold 2,700 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $58.75, for a total transaction of $158,625.00. Following the transaction, the executive vice president now directly owns 10,272 shares in the company, valued at $603,480. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Gregory B. Butler sold 10,000 shares of Eversource Energy stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $56.20, for a total transaction of $562,000.00. Following the sale, the vice president now owns 63,808 shares of the company’s stock, valued at $3,586,009.60. The disclosure for this sale can be found here. Insiders own 0.29% 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.