Lake Street Advisors Group LLC lowered its stake in shares of Eversource Energy (NYSE:ES – Free Report) by 9.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,870 shares of the utilities provider’s stock after selling 531 shares during the period. Lake Street Advisors Group LLC’s holdings in Eversource Energy were worth $331,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in ES. Lynx Investment Advisory acquired a new position in Eversource Energy in the second quarter valued at $25,000. UMB Bank n.a. increased its position in Eversource Energy by 62.9% during the 3rd 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 raised its holdings in Eversource Energy by 83.6% in the first quarter. Manchester Capital Management LLC now owns 606 shares of the utilities provider’s stock valued at $36,000 after buying an additional 276 shares during the period. Salomon & Ludwin LLC grew its stake in Eversource Energy by 4,187.5% during the first quarter. Salomon & Ludwin LLC now owns 686 shares of the utilities provider’s stock worth $41,000 after buying an additional 670 shares during the period. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Eversource Energy in the first quarter worth $43,000. 79.99% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, EVP Penelope M. Conner sold 500 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the completion of the sale, the executive vice president now owns 9,847 shares of the company’s stock, valued at $639,464.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Eversource Energy news, EVP Penelope M. Conner sold 815 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 9,032 shares of the company’s stock, valued at $591,596. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Penelope M. Conner sold 500 shares of the business’s 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 transaction, the executive vice president now directly 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 disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on ES
Eversource Energy Stock Performance
Shares of ES stock opened at $65.84 on Friday. The stock has a market capitalization of $23.53 billion, a price-to-earnings ratio of -243.85, a PEG ratio of 2.58 and a beta of 0.61. Eversource Energy has a one year low of $52.03 and a one year high of $69.01. The company’s 50-day simple moving average is $66.55 and its 200-day simple moving average is $62.51. 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 – Get Free Report) last released its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 EPS for the quarter, hitting analysts’ consensus estimates of $0.95. Eversource Energy had a positive return on equity of 10.34% and a negative net margin of 0.81%. The company 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. Eversource Energy’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities analysts anticipate that Eversource Energy will post 4.57 earnings per share for the current fiscal 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 dividend of $0.715 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.86 annualized dividend and a yield of 4.34%. Eversource Energy’s payout ratio is -1,059.26%.
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.
Featured Stories
- Five stocks we like better than Eversource Energy
- What is the NASDAQ Stock Exchange?
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Best Stocks Under $10.00
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- EV Stocks and How to Profit from Them
- MarketBeat Week in Review – 10/21- 10/25
Want to see what other hedge funds are holding ES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eversource Energy (NYSE:ES – Free Report).
Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.