Prospera Financial Services Inc Has $257,000 Stock Position in Eversource Energy (NYSE:ES)

Prospera Financial Services Inc cut its holdings in Eversource Energy (NYSE:ES) by 10.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,770 shares of the utilities provider’s stock after selling 452 shares during the quarter. Prospera Financial Services Inc’s holdings in Eversource Energy were worth $257,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Lynx Investment Advisory acquired a new stake in Eversource Energy in the second quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new position in Eversource Energy in the third quarter valued at about $32,000. UMB Bank n.a. raised its position in Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 198 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in Eversource Energy in the first quarter valued at about $43,000. Finally, MFA Wealth Advisors LLC bought a new position in Eversource Energy in the third quarter valued at about $48,000. 79.99% of the stock is owned by institutional investors and hedge funds.

Eversource Energy Trading Up 0.9 %

NYSE ES opened at $63.97 on Tuesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76. Eversource Energy has a one year low of $52.09 and a one year high of $69.01. The business has a 50 day simple moving average of $64.59 and a 200 day simple moving average of $62.95. The stock has a market capitalization of $23.44 billion, a P/E ratio of -40.75, a P/E/G ratio of 2.54 and a beta of 0.61.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Research analysts expect that Eversource Energy will post 4.56 earnings per share for the current year.

Eversource Energy Dividend Announcement

The company also recently disclosed 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 was Monday, September 23rd. This represents a $2.86 dividend on an annualized basis and a yield of 4.47%. Eversource Energy’s dividend payout ratio (DPR) is presently -182.17%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. BMO Capital Markets dropped 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. Morgan Stanley raised their price objective on Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Barclays raised their price objective 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. Wells Fargo & Company raised their price objective on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Mizuho raised their price objective on Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $70.46.

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.