Janney Montgomery Scott LLC Has $6.40 Million Stake in Eversource Energy (NYSE:ES)

Janney Montgomery Scott LLC reduced its stake in shares of Eversource Energy (NYSE:ES) by 6.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 94,087 shares of the utilities provider’s stock after selling 6,237 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Eversource Energy were worth $6,403,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Lynx Investment Advisory acquired a new stake in shares of Eversource Energy in the second quarter worth $25,000. UMB Bank n.a. increased its position in Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after buying an additional 198 shares during the period. Pathway Financial Advisers LLC acquired a new position in shares of Eversource Energy during the first quarter worth approximately $43,000. MFA Wealth Advisors LLC bought a new stake in shares of Eversource Energy in the third quarter valued at approximately $48,000. Finally, Addison Advisors LLC grew its stake in shares of Eversource Energy by 27.4% in the second quarter. Addison Advisors LLC now owns 860 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 185 shares during the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Penelope M. Conner sold 815 shares of Eversource Energy stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $65.50, for a total transaction of $53,382.50. Following the transaction, the executive vice president now owns 9,032 shares in the company, valued at $591,596. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Eversource Energy Price Performance

Shares of NYSE:ES opened at $61.40 on Friday. Eversource Energy has a 1-year low of $52.09 and a 1-year high of $69.01. The business has a 50-day moving average price of $65.90 and a two-hundred day moving average price of $62.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.75 and a quick ratio of 0.66.

Eversource Energy (NYSE:ES) last issued its earnings results on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 11.00%. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts expect that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were paid a $0.715 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a yield of 4.66%. Eversource Energy’s payout ratio is -182.17%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Scotiabank lifted their target price on Eversource Energy from $57.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Bank of America upped their target price on Eversource Energy from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Mizuho lifted their price target on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. StockNews.com raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Barclays raised their target price on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $70.46.

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.