Signaturefd LLC Has $812,000 Stock Position in Eversource Energy (NYSE:ES)

Signaturefd LLC raised its position in Eversource Energy (NYSE:ES) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,930 shares of the utilities provider’s stock after buying an additional 206 shares during the period. Signaturefd LLC’s holdings in Eversource Energy were worth $812,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Lynx Investment Advisory acquired a new position in shares of Eversource Energy in the 2nd quarter worth approximately $25,000. UMB Bank n.a. boosted its stake in Eversource Energy by 62.9% in the third quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 198 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of Eversource Energy by 83.6% during the first quarter. Manchester Capital Management LLC now owns 606 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 276 shares during the last quarter. Salomon & Ludwin LLC increased its stake in shares of Eversource Energy by 4,187.5% in the first quarter. Salomon & Ludwin LLC now owns 686 shares of the utilities provider’s stock valued at $41,000 after buying an additional 670 shares in the last quarter. Finally, Pathway Financial Advisers LLC bought a new position in shares of Eversource Energy in the first quarter valued at about $43,000. 79.99% of the stock is owned by institutional investors.

Eversource Energy Trading Down 0.4 %

ES opened at $66.82 on Friday. The firm’s fifty day moving average is $66.49 and its two-hundred day moving average is $62.43. The firm has a market cap of $23.88 billion, a PE ratio of -247.46, a price-to-earnings-growth ratio of 2.58 and a beta of 0.61. Eversource Energy has a twelve month low of $52.03 and a twelve month high of $69.01. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 0.75.

Eversource Energy (NYSE:ES) last issued its quarterly earnings data 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 positive return on equity of 10.34% and a negative net margin of 0.81%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the business posted $1.00 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. Equities research analysts anticipate that Eversource Energy will post 4.57 EPS for the current year.

Eversource Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were given a $0.715 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.86 annualized dividend and a dividend yield of 4.28%. Eversource Energy’s dividend payout ratio is presently -1,059.26%.

Analyst Upgrades and Downgrades

ES has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Morgan Stanley lifted their target price on Eversource Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Scotiabank upped their price target 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. Finally, Wells Fargo & Company lifted 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. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Eversource Energy has a consensus rating of “Hold” and a consensus target price of $70.07.

Insider Buying and Selling

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

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.