Eversource Energy (NYSE:ES) Short Interest Up 8.0% in September

Eversource Energy (NYSE:ES) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 4,590,000 shares, an increase of 8.0% from the September 15th total of 4,250,000 shares. Based on an average trading volume of 2,160,000 shares, the days-to-cover ratio is currently 2.1 days.

Insider Activity at Eversource Energy

In related news, EVP Penelope M. Conner sold 500 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the sale, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $64.94, for a total transaction of $32,470.00. Following the transaction, the executive vice president now owns 9,847 shares in the company, valued at approximately $639,464.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Penelope M. Conner sold 815 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total value of $53,382.50. Following the completion of the sale, the executive vice president now directly owns 9,032 shares in the company, valued at approximately $591,596. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Institutional Investors Weigh In On Eversource Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SageView Advisory Group LLC grew its holdings in shares of Eversource Energy by 9.4% during the fourth quarter. SageView Advisory Group LLC now owns 9,293 shares of the utilities provider’s stock worth $574,000 after purchasing an additional 801 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in Eversource Energy by 15.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 4,375 shares of the utilities provider’s stock valued at $270,000 after acquiring an additional 590 shares during the period. HighPoint Advisor Group LLC purchased a new stake in shares of Eversource Energy during the fourth quarter worth approximately $282,000. Nomura Holdings Inc. acquired a new stake in shares of Eversource Energy during the fourth quarter worth $434,000. Finally, CWM LLC lifted its stake in shares of Eversource Energy by 2.7% in the 1st quarter. CWM LLC now owns 30,082 shares of the utilities provider’s stock worth $1,798,000 after acquiring an additional 787 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Stock Up 2.2 %

Shares of NYSE ES opened at $65.40 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.74. The stock has a market cap of $23.04 billion, a P/E ratio of -55.42, a PEG ratio of 2.47 and a beta of 0.61. The business’s fifty day simple moving average is $66.41 and its 200-day simple moving average is $62.15. Eversource Energy has a 12-month low of $52.03 and a 12-month high of $69.01.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, hitting 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 company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business posted $1.00 EPS. The firm’s revenue was down 3.7% on a year-over-year basis. As a group, equities analysts predict that Eversource Energy will post 4.57 EPS for the current fiscal year.

Eversource Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy’s dividend payout ratio (DPR) is presently -242.37%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ES. Wells Fargo & Company lifted their price target on Eversource Energy from $72.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Barclays upped their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday. Morgan Stanley raised their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. StockNews.com lowered Eversource Energy from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. Finally, Bank of America increased their target price on shares of Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $70.07.

Eversource Energy Company 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.